Level playing field for commercial property tax law
The government has confirmed a radical change to tax law to take effect from April 2019. This will subject commercial property held by non-UK resident investors to both Capital Gains Tax and Corporation Tax.
For full briefing click here. Property Market Review May 2018
BOE EXPECTS ECONOMY TO BOUNCE BACK
Updated Bank of England (BoE) forecasts suggest the UK economy is set to bounce back in the second quarter of 2018, despite continuing signs of waning consumer sentiment.
For full briefing click here. Economic Review May 2018
Highest number of vacant houses in England for decade
The UK government’s ‘Ministry of Housing, Communities and Local Government’ has revealed that the number of vacant residential properties across England has risen for the first time in a decade, by 2.6% in 2017 to 205,293. This figure represents 0.9% of the housing stock available across the country; according to estate agent Savills.
For full briefing clcick here. Residential Property Review May 2018