Published Date: 18 May 2010 BRITISH Land has recorded the first full-year increase in its portfolio value since the UK property bubble burst three years ago, providing a boost for banks that are still troubled by faltering mortgage assets. The developer of some of the UK’s biggest malls and offices, such as Sheffield’s Meadowhall and…
News Category: Industry News Published: 17-May-2010 Concern is mounting over the Government’s plans to hike Capital Gains Tax to the same levels as income tax – effectively, a 22% rise for many. There are fears that there could be a fire sale among buy-to-let landlords rushing to dispose of properties before the new rate kicks…
By Lorna Bourke | 11:31:44 | 12 May 2010 Use Twitter? Follow the Citywire team at www.twitter.com/fullyinvested Capital Gains Tax is definitely going to rise under the new coalition, possibly to come into line with income tax rates of up to 50%. So investors must start thinking about realising assets to take advantage of the…
With collaborative politics the name of the game, a coalition of large landlords, lenders, property investors and surveyors has formed. It is campaigning for more house building, with construction aimed at expanding the private rented sector. The new Property Industry Alliance believes many people have given up all hope of being able to buy their…
Moves by the Coalition to raise Capital Gains Tax could decimate the buy-to-let market, with fears of a fire sale as landlords rush to dispose of their properties before the hike. The new Government is looking to charge CGT at the same rate that people pay their normal income tax – ie, 20%, 40% or…
