High-End London Home Prices Keep Falling as Tax Changes Bite: Westminster Down 25% in a Year
ONS data show Westminster home prices down 25% in a year as tax changes continue to weigh on high-end London property.
Tag: United Kingdom
British Expats in Spain Face a 40% Pension Tax Hit as New UK Inheritance Rules Approach
British expats in Spain face a 40% UK inheritance tax hit on pensions starting April 2027, under a rule announced in the 2024 Autumn Budget.
UK Housing Market Cools: Sharpest August Price Fall Since 2018 Coincides With a Pullback in Overseas Sales
UK asking prices post their steepest August fall since 2018 as overseas sellers pull back for separate landlord-tax reasons, ahead of the Budget.
UK Prime Minister Andy Burnham Faces a Live Wealth Tax Push — With No Settled Design Yet
UK PM Andy Burnham faces two competing wealth tax designs from think tank Compass, while economists and a finance professor debate whether either is actually collectible.
Overseas Owners Slow UK Property Sales as Tax Changes Bite
Overseas individuals sold fewer UK residential properties this year as tax changes on landlords and rising thresholds cooled appetite, Bowmore Wealth Group research shows.
UK stamp duty receipts hold above pre-pandemic levels — and the tax bill has doubled in a decade
UK stamp duty receipts hold above pre-pandemic levels, while a Blick Rothenberg analysis finds the tax bill has doubled in a decade.
Prime Central London Is Down 23% Since 2015 — and 46% After Inflation
Knight Frank puts prime central London prices 23% below their 2015 peak, a 39th straight month of annual falls. Adjusted for 42% CPI inflation, the real decline is close to ...
Bellway Calls for an Immediate Stamp Duty Cut. The Government Has Already Said No
Bellway asked for an immediate stamp duty cut and a deposit support scheme. Prime Minister Andy Burnham ruled out a stamp duty overhaul last month.
UK House Price Growth Slows to 0.1% in July, Weakest Pace Since 2023
The Lloyds House Price Index — formerly known as the Halifax index — showed UK house prices unchanged month-on-month in July, at an average of £299,25…
UK Opposition Conservatives Pledge to Bar Foreign Nationals From Social Housing
Conservative Party leader Kemi Badenoch has pledged to end social housing tenancies for foreign nationals if elected, the Financial Times reported. Th…
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