Interest Rate Rises Impact UK Household Wealth, Say Experts
This article discusses the recent decline in total household wealth in the UK, attributing it to the surge in interest rates, impacting house prices and pension funds, and explores the potential implications for different age groups and regions.
Leasehold Law Reforms Included in the King’s Speech
This article discusses the UK government's plan to introduce a bill phasing out some leaseholds, targeting new houses, capping ground rents, and altering standard lease extension terms to promote home ownership and address exploitative practices.
Supreme Court Ruling: £385k Tax Dispute Resolved in HMRC’s Favor
The article discusses a landmark Supreme Court ruling in the UK, favoring HMRC in a £385k tax dispute with Vermilion Holdings. The case revolves around the taxation of a share option received by a software engineer, establishing a crucial precedent...
UK Housing Market Report Summary: August 2023
The article provides a detailed overview of the UK housing market in August 2023, covering key findings, economic trends, property price changes, sales volumes, property registration status, buyer status, and funding status.
Couple Wins Tax Dispute: HMRC Loses £541,821 Property Tax Battle
The UK's Upper Tribunal ruled in favor of a couple in a property tax dispute, affirming their correct calculation for principal private residence relief and puts an emphasis on the significance of understanding intricate tax regulations.
London’s Rental Market Shows Resilience: Supply Increase, Strong Demand, and Rent Hikes
London’s rental market is showing signs of recovery after a pandemic-induced slump. According to experts, the supply of new rental listings grew steadily in September, marking a notable 10% increase year-on-year. This growth in available rental properties is a welcome...
Bernie Ecclestone’s Historic £652m Tax Settlement and Legal Battle with Trusted Adviser
Former F1 chief Bernie Ecclestone pleads guilty to tax fraud, settling a record-breaking £652mn civil deal with a £330mn penalty, marking the largest sum paid by an individual in a UK fraud case. His adviser, Stephen Mullens, faces a £20m...
Labour Plans Stamp Duty Hike for Overseas Buyers
Labour's Shadow Chancellor Rachel Reeves unveils a bold set of plans at the party conference, targeting pandemic fraud, tax reforms, and workers' rights, emphasizing an ambitious economic vision and commitment to fiscal responsibility.
Buy to Let Landlords Warned: £50m Tax Avoidance Scheme
HMRC warns buy-to-let property owners of a tax avoidance scheme, spotlighting 'Less Tax 4 Landlords Ltd,' citing potential losses up to £50 million and urging participants to rectify their tax affairs.
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