Treasury
-
Latest property news
Lettings boss slams HM Treasury over unfair landlord tax take
Greg Tsuman of Martyn Gerrard says taxes on interest payments is forcing landlords to increase rents.
Read More » -
Latest property news
The Four Horseman of the Property Apocalypse are saddling up!
Glentree International boss Trevor Abrahmsohn says continuing to clobber landlords is folly we may now be looking at a repossession and homelessness crisis.
Read More » -
Latest property news
Estate agency business owners could face dividend shock
Treasury plans to hike dividend tax could wreak havoc with small business expansion plans as the government looks to bolster its coffers.
Read More » -
Housing Market
Stamp Duty changes remain in place
Changes to Stamp Duty will remain in place – although some two out of three tax cuts promised in September’s mini-budget have been rolled back, In a video statement this morning new chancellor Jeremy Hunt made a desperate bid to calm markets and said some £32billion of promised tax cuts would no longer go ahead. REMAIN As expected, cuts to National Insurance and Stamp Duty that have already passed through Parliament remain in place. Hunt said the Government’s support on consumer energy bills would also be scaled back from April. The proposed income tax cut to 19p has been shelved indefinitely. Further cuts to government spending are also due to be announced this month. The cap on energy bills is also guaranteed until April next year but will be reviewed at that point. CONFIDENCE Hunt says his announcement is designed to deliver confidence and stability. He said: “As I promised at the weekend, our priority in making the difficult decisions that lie ahead will always be the most vulnerable and I remain extremely confident about the UK’s long-term economic prospects as we deliver our mission to go for growth” Sterling rose on the news and extended gains against the dollar,…
Read More » -
Latest property news
More Stamp Duty changes? Spending plan and OBR forecast brought forward
Halloween date will reveal a trick or treat from Chancellor Kwasi Kwarteng as spending plan and OBR forecast brought forward by three weeks.
Read More » -
Latest property news
Zero carbon homes plan scrapped
The Government will no longer be introducing requirements for zero carbon homes in 2016 and zero carbon non-domestic buildings in 2019, the Treasury announced last week, as part of plans to boost UK productivity, including the supply of new build homes being delivered. The zero carbon homes policy was first announced in 2006 by the then Chancellor, Gordon Brown, making Britain was the first country to make such a commitment. The move would have ensured that all new residential properties from next year would generate as much energy on-site – through renewable sources, such as wind or solar power – as they would use in heating, hot water, lighting and ventilation. The Government’s decision to scrap plans to make all new UK homes carbon neutral has been welcomed by the Home Builders Federation (HBF). “Maintaining the current energy efficiency requirements for new homes is a sensible move by Government,” said Stewart Baseley (left), Executive Chairman of the HBF. “The UK is already building some of the most energy efficient homes in the world under the current, already exacting standards, that have been developed with the full support of the industry and considerable progress is being made to deliver ever higher…
Read More »