As we all know, the Chancellor of the then coalition government introduced penal Stamp Duty rates in the Autumn Statement of 2014, at the higher end of the property market, whilst at the same time gave away ‘Tax bribes’ at the lower end of the scale. This was done to supposedly reform the Stamp Duty Calculator from a hitherto ‘slab-sided’ system to a more ‘progressive version’ and to demonstrate that they could tax the ‘middle/upper classes’ just as easily as an aspiring Labour government could, with their Mansion Tax proposals at the time. Continue reading
Glentree Blog
Author Archives: Trevor Abrahmsohn
What impact will the Referendum in June 2016 have on the Residential Property Market?
Well, the Referendum will, unfortunately, bring some uncertainty in the three to four weeks, before and after, the chosen date (which looks like June 23) and this is never a good time for positive decision-making activity particularly if the Polls are looking favourable for a Brexit. Continue reading
IN OR OUT – THAT IS THE QUESTION
Has Mr. Cameron covered himself in glory in his negotiations with the European ‘Bigwigs’? Is it enough to satisfy the Euro-sceptics of the Nation to vote to stay in? Is ‘Project fear’, in full swing?
These are the questions ‘swirling around’ the boardrooms and living rooms of the great UK voting populace.
In the past, I have been proud for Mr. Cameron to do the bidding for the UK on the International stage, but I fear, this time, he has been the architect of his own misfortunes by foolishly setting out beforehand, in great detail, the extent of his requirements from Europe, in order for him to advocate staying in. Continue reading