Archive for May, 2010

Small Business Rate Relief

Icon Written by Neal on 19/05/2010 – 8:56 am

The previous Chancellor recently announced that Small Business Rate Relief is to be increased from 1st October 2010 to 100% on properties with an RV of up to £6,000, and tapered relief for those with RV’s between £6,000 and £12,000. This is good news for those eligible and good for us as many of our […]

British Land provides boost for banks

Icon Written by Neal on 18/05/2010 – 12:54 pm

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 […]

Fears mount over fire sale of rental properties

Icon Written by Neal on 17/05/2010 – 1:55 pm

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 […]

Capital Gains Tax rise: should you act now?

Icon Written by Neal on 14/05/2010 – 12:19 pm

By Lorna Bourke | 11:31:44 | 12 May 2010 Use Twitter? Follow the Citywire team at 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 […]

Move to bring institutional landlords into letting sector

Icon Written by Neal on 14/05/2010 – 11:25 am

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 […]