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Category: Uncategorized
Pension saving could undergo a revolution following the Chancellorâs decision to launch a consultation on tax relief for pension contributions, according to recent post-Budget analysis by âThis Is Moneyâ. Currently, investors enjoy a big tax break when they pay into a pension, with high earners getting the greatest perk.
Category: Business & Economy & Housing & Uncategorized
International real estate advisor Savills has reported that total transaction volumes in the UK retail warehouse investment market totalled ÂŁ1.264 billion in the first half of 2015, marking a 28% increase on the ÂŁ981.95 million transacted in the same period last year.
Category: Market commentary & Uncategorized
July was a dramatic month. Greece held a referendum and emphatically rejected the austerity package offered by its creditors. Motor-cycle riding Finance Minister Yanis Varoufakis resigned, calling the creditors âterroristsâ, and the new finance minister, Euclid Tsakalotos, was seen going into yet another final, final crisis meeting with his negotiating position scribbled on hotel notepaper. In the event a bailout was finally agreed â Agreekment averts Grexit according to the headlines â more or less along the lines of the bailout that had been rejected in the referendum.
Category: Budget & Housing & Tax & Uncategorized
A major shake-up of the buy-to-let housing market could be about to take place, after the Chancellor announced plans to change mortgage tax relief for landlords. In his Summer Budget speech, the chancellor said that the relief will be cut to 20%, from 40-45%, in an effort to âlevel the playing fieldâ between buy-to-let landlords and ordinary house buyers.
Category: inheritance tax & Uncategorized
Inheritance tax, once only paid by the super-rich, has become a middle-class plague as house prices have soared. But millions will now escape this unpopular âdeath dutyâ thanks to a chunky new allowance announced by the Chancellor. For all bar the wealthiest, inheritance tax should no longer be a problem. The new rules mean family members will be able to inherit as much as ÂŁ1 million from 2020 without paying 40% death tax â so long as the estate goes to children or grandchildren and includes a family home worth between ÂŁ650,000 and ÂŁ2m.
Category: Budget & financial planning & Tax & Uncategorized
An analysis of the Chancellorâs Summer Budget recently published by âThis is Moneyâ presents the outcomes for individuals and families in relation to broad categories of âWinnersâ and âLosersâ. One category labelled as winners are Taxpayers.
