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News Archive: tax: 2008

24, 2008 December:

Spanish Wealth Tax Dumped

Although yet to be ratified, the abolition of wealth tax approved last April by the Spanish parliament will come into force in 2009...

17, 2008 December:

Sterling work: US rate cut boosts Pound

In the wake of the historic interest rate cuts in the US yesterday, the pound has risen against the dollar and it looks set to stay that way...

11, 2008 December:

Portugal condemned for unfair tax rules

The European Commission (EC) is to take action against the Portuguese Government for unfair taxation rules regarding foreign pension funds and restrictive exit taxes, designed to entice foreign investors to hold Portuguese stocks...

10, 2008 December:

Aussie land tax ‘outrageous'

The Australian Treasurer Troy Buswell has described recent rises in land tax bills as outrageous and says he will work to design a better property tax system...

04, 2008 December:

£400 million boost to Treasury

As a result of this year's base rate cuts, the buy-to-let sector will boost the Treasury's coffers by more than £400 million, according to property portfolio managers, Young Group...

03, 2008 December:

Long-haul flight tax doubles

Holidays to Spain are likely to grow in popularity as destinations such as Australia and Singapore are hit by flight tax hikes...

Polls apart

Another poll of economists and representatives of financial institutions has tipped the Bank of England's Monetary Policy Committee (MPC) to cut the base rate this week...

02, 2008 December:

Central Bank to cut rates

President of the European Commission, Jose Manuel Barroso, yesterday called on European Central Bank (ECB) to cut interest rates this week in order to boost the economy...

01, 2008 December:

Bank to slash rates again?

A new poll of economists has tipped the Bank of England's Monetary Policy Committee (MPC) to slash the base rate again when it meets next week...

More lending the way forward

Getting the banks to return to lending at normal levels is essential for the economy, Bank of England Governor Mervyn King has told MPs...

26, 2008 November:

Facebook claims victim

A taxman tracked down a bill dodger using the social networking site Facebook...

25, 2008 November:

Irish malt

To improve commercial activities between the two countries; Malta and Ireland have signed a convention that aims to avoid double taxation as well as preventing fiscal evasion...

24, 2008 November:

Empty rates attract full house

Councils have universally backed the commercial property industry's campaign for the restoration of tax relief on empty buildings...

21, 2008 November:

Robin Hood policies

The Costa Rican Government has come over all Robin Hood and is taking from the rich to give to the poor, introducing a new ‘luxury home tax' in a bid to eliminate the rash of shanty towns in the country...

A good time to invest?

Window of opportunity now open for investors and homebuyers...

Empty promises, empty rates

The Government is coming under increased pressure to abolish the empty property rates in the UK when it announces its pre-budget statement on Monday...

20, 2008 November:

Change please, Darling

The reintroduction of mortgage interest tax relief and an extension of the reduced VAT rate to include all repairs and maintenance on domestic property are two of the ten recommendations that the Federation of Master Builders (FMB) is calling on the Chancellor of the Exchequer to adopt...

18, 2008 November:

Boris to bring relief

Boris Johnson asks Government to reintroduce empty rate relief...

12, 2008 November:

Did you buy in Spain 2004-2006?

Thousands of Brits who sold properties in Spain between June 2004 and December 2006 could be owed a tax rebate...

One, two, amendment three is passed

Amendment Three has been passed in the US state of Florida after it was deemed a recount was not necessary, it has emerged...

11, 2008 November:

Stamp out tax on aspiration

The National Association of Estate Agents is urging the UK Government to abolish stamp duty, which would help the thousands of first time buyers who, despite the downturn, are still priced out of the UK property market...

10, 2008 November:

'Bombsite Britain' tax hits Bond

The new Bond film has not attracted rave reviews, and nor has the removal of rate relief on empty properties. Now, the ‘Bombsite Britain' tax has hit the Bond film studio and firms have decided it is time to take drastic action...

Through the keyhole

Following the shock UK interest rate cut on Thursday last week, TheMoveChannel.com takes a look at what moves the banks have made to introduce the rate cuts and help out desperate borrowers...

03, 2008 November:

The 39 steps

Banks in Asia are taking steps to ease the strain on lending and help stimulate falling property markets...

Rate cuts called for

A survey from the NAEA says another rate cut from the Bank of England in November and further help from the Government would ease the ailing property market...

28, 2008 October:

Bombsite Britain

British Airways, Tesco, McDonalds and Nokia are some of the big brands backing a British Property Federation (BPF) call for the scrapping of empty rates in an open letter being sent to the Prime Minister...

15, 2008 October:

Irish commercial stamp duty cut

Following news that Ireland is officially in recession, the Government has slashed stamp duty on commercial property in the 2009 Budget, in an attempt to breathe life back into the ailing property market...

09, 2008 October:

Feeling empty

The removal of empty rates relief is ‘immoral', according to a senior Tory speaking in the House of Commons...

30, 2008 September:

Tory stamp duty pledge not enough to save housing market

Conservative party leader David Cameron has pledged to abolish stamp duty for first-time buyers in a radical move which aims to boost Tory election chances...

Empty property rates reversed?

The Shadow Business Minister has said the Tories will reverse punitive taxes on business, including empty property rates...

26, 2008 September:

French inheritance laws

Foreign holiday home buyers or investors looking to France should research the country's inheritance laws before making a purchase, as French inheritance tax can be as much as 60 per cent...

25, 2008 September:

New tax for property developers

The Communities Infrastructure Levy (CIL), the provisions for which are currently going through Parliament, will be a new charge which local authorities in England and Wales will be empowered, but not required, to charge on most types of new development in their area.

15, 2008 September:

Spain's new tax breaks

New policies regarding tax breaks have been unveiled by the Spanish Government, and aim to revive the Spanish property market.

10, 2008 September:

Councils retain rent to improve housing

The Chartered Institute of Housing (CIH) has said that all councils in England should be able to retain income from council house rents in order to plan for better quality housing in the long term and improve services for tenants.

08, 2008 September:

Inflation eases down under

When interest rates were cut in Australia last week for the first time in seven years, second home owners breathed a sigh of relief, and now the Reserve Bank has tipped inflationary pressure to soon start easing.

France faces tax rise

Nicholas Sarkozy's introduction of an increase in tax on investment revenue could affect international investors who rent out their holiday or second homes in France.

29, 2008 August:

Liberal Democrats launch new housing plans

The Liberal Democrats have proposed new plans to boost the housing market that would involve the Government buying up council land and using it to build new homes on.

27, 2008 August:

Brush up on money matters

A new guide to managing your money when investing or moving abroad has been published.

21, 2008 August:

UK to sign four new taxation treaties

The UK is to sign four new double taxation treaties next year, and the Government is also negotiating with several other countries to establish new information sharing agreements.

20, 2008 August:

New build buyers must reveal all

From the 1st of September this year, anyone purchasing a new build property will have to disclose full details of any incentives received to their lender or mortgage broker

Bank of England urged to cut rates asap

The British Chambers of Commerce (BCC) has urged the Bank of England's monetary policy committee to lower the base rate as soon as they can, to avoid further housing market upheaval

Government stealth tax costs council thousands

Swindon Council has had to demolish buildings due to a Government stealth tax on empty shops, offices and warehouses

15, 2008 August:

Visa holders living in Dubai face new rules

The renewal of residency visas for families is now linked to the size of the family and the size of the accommodation they are staying in, so visa will be harder to get

13, 2008 August:

Will empty properties tax stifle economic recovery?

A controversial tax on empty properties will hit businesses, halt development and see a wave of existing buildings demolished in the face of huge tax bills, say the BPF

01, 2008 July:

RICS: Radical SD overhaul needed

The RICS has challenged the Government to take proactive action to boost the ‘faltering' housing market.

23, 2008 June:

Spanish tax rip-off: The fight begins

Investors caught up in the Spanish ‘Tax trap' are fighting back against the Government...

17, 2008 June:

MP slams ‘bedroom tax’ rip-off

A Dorset Council has come up with a novel way of squeezing extra money out of its residents…

28, 2008 February:

UK's council tax increase shock

In a shocking turn of events, council tax will NOT rise to rip-off levels this year…

04, 2008 February:

Homeowners released from ‘CGT prison’

Property investors will benefit hugely from imminent Capital Gains Tax reforms...

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