Category Archives: property

Read about the Marching Morons of the Residential Property Market

Lettings Industry Governments ‘Whipping Boy’

Posted on by

The Lettings Industry is the ‘whipping boy’ of the government. Before you look around there is another new fangled regulation, or change of legislation, to burden this already besieged industry. Long gone are the days of the Rachman era where scurrilous landlords and their sycophantic agents abused the tenants, now it could even be the other way around.

You would have thought that the pared down Queen’s speech would have needed higher priorities than to include the new regulation prohibiting agents from charging tenants fees, but there it is. Trivia rules KO!

Continue reading →

Capital Gains Tax on ones Personal, Private, Residences (PPR) above £5million is being ‘floated’ by the Torys

Posted on by

The press has mooted the idea of Capital Gains Tax on ones PPR above £5million. Usually in these circumstances there is no ‘smoke without fire’. Were this ‘fool hardy’ idea to be incorporated in the first Budget of the new Tory administration, were they to be elected, this would be the first time that any government has had the temerity to trounce on the sacred ground of the middle to upper classes. It unquestionably would be another ‘bash’ against London residents, which, lets face it, is hardly a Tory heartland, since it is has been historically left leaning.
Continue reading →

How to reduce that awful Stamp Duty Tax

Posted on by

We all know that a number of years ago, the former Chancellor Osborne hiked Stamp Duty (SDLT) rates for properties above £900,000 and this has now caused a DIY recession in the London Residential Property Market, such that turnover of sales is down by 70% and values by about 25% from the former highs of 2014.

In some sectors the market is stodgy and illiquid. What did Osborne expect?
Continue reading →