News Archive: tax: 2010

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17, 2010 December:

'Bombsite Britain' tax hike will harm recovery

The property industry has warned that government plans to levy an extra £400m a year on small businesses and struggling landlords risk harming its aim of a private sector led recovery...

Scottish borders debate council tax freeze

Councillors in the Borders are meeting to decide whether to sign up to a Scottish government deal which would see council tax frozen...

15, 2010 December:

Empty rate tax change angers industry

The property industry has accused the Government of a "damaging and retrograde step" after it was announced small properties will no longer be exempt from empty rates...

12, 2010 December:

Irish stamp duty falls but FTBs hit

A letter signed by 50 state-appointed rabbis telling Jews not to rent or sell property to non-Jews prompted widespread condemnation from Israeli Prime Minister Benjamin Netanyahu and human rights groups...

10, 2010 December:

Heathrow accused of 'exploiting' travellers

Heathrow airport has been accused of 'exploiting' travellers over its plans to raise its domestic passenger charge by up to £7...

08, 2010 December:

Council tax bands to be reassessed?

Residents on a street in Oxford could be facing a change in their council tax after one of them discovered she was paying more than her neighbour...

07, 2010 December:

Eternal City rolls out hotel tax for tourists

Tourists staying overnight in Rome will be charged an accommodation tax from 1 January next year, officials have confirmed...

05, 2010 December:

Ford vows to freeze Toronto's property taxes

Rob Ford promised to freeze Toronto's property taxes next year, an announcement that came on his first day as mayor...

21, 2010 November:

Pensioners 'keep mortgages to avoid IHT'

Wealthy pensioners are purposefully avoiding paying off their mortgages in an attempt to beat inheritance tax, lawyers have claimed...

15, 2010 November:

VAT rise 'unlikely to affect housing market further'

Although the planned VAT rise is an unwelcomed additional cost to the price of both buying and selling a property, Douglas Sleaper, Group Sales Director for Townends Estate Agents part of the Badger Holdings Group believes the two and half per cent increase will not be significant enough to unduly upset the housing market or deter those wishing to move from doing so...

14, 2010 November:

HK, France tax treaty to increase investment

A long awaited double taxation treaty between Hong Kong and France has been welcomed by French property agencies, as it makes the purchase of French real estate easier for expats based in Hong Kong....

12, 2010 November:

Stamp duty increasing year on year

Analysis of Treasury data by home improvement company Everest reveals that for the 12 months to 31 March 2010, the average amount of money paid in stamp duty on a home sold was £3,770.44 - £83.87 (2.28%) more than the equivalent figure for the earlier 12 month period (£3,686.57)...

10, 2010 November:

VAT increase will damage the Green Deal

The increase in the rate of VAT to 20 per cent next January will cost the very jobs required to deliver the Green Deal...

03, 2010 November:

Virgin slams UK's new departure tax

Virgin Atlantic has blasted the rise in Britain's airport departure tax being introduced on Monday, warning that many families would be priced out of a holiday...

22, 2010 October:

Venice plans to charge tourist tax

First it was controversial advertising billboards on the Bridge of Sighs and now Venice is drawing up plans to tax visitors in an attempt to raise revenue for the city...

24, 2010 September:

China gearing up for property tax measures

China is getting ready to introduce property tax measures to cool its real estate market and they could come as early as next month, it is claimed...

10, 2010 September:

Entry fee for travellers to US

Travellers from countries which do not require visas for the United States - such as Australia, New Zealand, Britain, France and South Korea - must pay a $US14 tax which started this week...

19, 2010 August:

Tax on Rome demonstrations proposed

The Mayor of Rome, Gianni Alemanno, wants to impose a tax on demonstrations and processions which take place in the capital...

11, 2010 August:

Tax rule changes to apply to overseas holiday homes

Proposals announced by the Government last week, on changes to the tax rules on furnished holiday lets (FHL) will also apply to the owners of properties in the European Economic Area if they are UK tax payers, warns accountants James Cowper...

04, 2010 August:

Second home owners to lose tax breaks

Tens of thousands of second home owners stand to lose generous tax breaks on furnished holiday lets...

02, 2010 August:

Most agree with airline 'fat tax'

Economy class seats are already cramped enough and overweight passengers should be forced to pay more if they need extra space. That is the sentiment shared by more than 70 per cent of holidaymakers, according to a new survey...

30, 2010 July:

China to roll out property tax

A property tax trial is expected to be introduced in parts of China in 2012 with Shanghai likely to be the first city to introduce the new levy. If it is successful it could be introduced across the country, it is claimed...

28, 2010 July:

Bin taxes confined to scrapheap

Immediate action to scrap laws introduced by the previous government to tax homeowners for bin collections has been confirmed by the Communities Secretary Eric Pickles and Environment Secretary Caroline Spelman...

23, 2010 July:

Holiday home tax window to end?

The Chancellor's announcement in the Emergency Budget to keep the tax breaks for holiday homes was a boost for their owners and the leisure industry in general, as the Furnished Holiday Lettings tax regime had been due for abolition from April 2010...

22, 2010 July:

CGT rate is capped, pledges Osborne

Capital gains tax rates are set to stay the same for at least five years or at least the life of this Parliament, according to Chancellor George Osborne...

21, 2010 July:

Germany: anger over new airline tax

German airlines reacted angrily yesterday to details of a proposed new tax on passengers leaving the country's airports that could boost ticket prices for long-haul destinations by 26 euros...

14, 2010 July:

One month to go!

Spain is on cloud nine after winning two of the biggest sporting gongs in the world, but back on planet earth there is a rather more pressing matter for them to deal with - at least for the Brits who sold a property in Spain between 1997 and 2006 - who have just one month left to begin claiming back capital gains tax charged illegally on the sale of their home...

09, 2010 July:

Interest rates ‘to safeguard recovery'

CB Richard Ellis responds to yesterday's Monetary Policy Committee decision...

29, 2010 June:

VAT rise to ‘boost black economy'

The Chancellor of the Exchequer's announcement that VAT will rise to 20 percent in January 2011 will boost the black economy and cowboy builders as consumers resort to ‘cash-in-hand' to avoid paying VAT on building work, warns the Federation of Master Builders (FMB)...

25, 2010 June:

Govt stalling on axing APD

Chancellor George Osborne has refused to commit fully to a decision on scrapping Air Passenger Duty (APD) in today's Budget, meaning planned rises will go ahead this year...

24, 2010 June:

Lower than expected CGT rise

The UK Emergency Budget, although generally regarded as the best possible in difficult circumstances will do nothing to prevent residential property prices in the UK falling, experts predict...

21, 2010 June:

Landlords ‘must be protected' from CGT blow

The Chancellor must ensure landlords are not driven from the market by any rises in Capital Gains Tax in his first Budget this week, according to the Association of Residential Letting Agents (ARLA)...

Removing debt tax relief: ‘disastrous'?

Increasing the cost of debt by limiting the tax relief it attracts could have a disastrous impact on the economy, chancellor George Osborne has been warned ahead of this week's emergency Budget...

14, 2010 June:

Buy-to-let to remain strong despite CGT

Leaders, the UK letting specialists, are confident that buy-to-let will remain a popular investment option, even if the rate of Capital Gains Tax (CGT) rises. CGT is currently set at a flat rate of 18 per cent but there has been widespread speculation that this will be converged with Income Tax bands at 20, 40 or even 50 per cent under the new coalition government...

Landlords beg Govt to abandon CGT plans

Private landlords have called on the government to abandon plans to increase Capital Gains Tax (CGT), and instead to work to reduce red tape around the lettings industry. That's the finding from Upad's latest Rental Confidence Index survey, which asked 257 UK private landlords "do you feel more or less confident in the market than you did last month"...

11, 2010 June:

Agricultural property relief explained

Saskia Arthur from Boodle Hatfield explains the complicated rules governing the inheritance tax APR...

09, 2010 June:

Rome plans new hotel tax

Rome is planning a hotel tax on its 9 million annual visitors in a revenue-raising measure that may hurt its tourism industry and put further pressure on its credit rating...

07, 2010 June:

VAT advice on listed building restoration

VAT rules when it comes to listed buildings can be a minefield - this week we explore how you can save costs through careful planning...

03, 2010 June:

GST ‘threatens market recovery?'

Government Capital Gains Tax proposals could force a quarter of property investors from the housing market, according to a survey by LSL Property Services plc, owner of the UK's largest lettings agent network, including national chains Your Move and Reeds Rains...

01, 2010 June:

Second homes and CGT

If rumours are true, the new Government may raise Capital Gains Tax in next month's emergency budget. Cheryl Markosky asks what that means for second-home owners...

25, 2010 May:

Avoiding the CGT hike

With less than a month to go until the first Coalition Budget on June 22 the desire to avoid the expected higher rates of Capital Gains Tax is gathering pace...

21, 2010 May:

BTL investors facing 40% CGT

The possibility that the Government will raise capital gains tax from 18% to 40% is causing widespread alarm among landlords...

19, 2010 May:

Act now to claim Spanish tax rebate

Expats who paid out too much tax on their Spanish property sale may be entitled to a rebate amounting to thousands of euros, according to leading foreign exchange firm Currencies Direct...

14, 2010 May:

Landlords ‘must be included' in CGT exemptions

Capital gains from the sale of residential property must be included in the "generous exemptions" if Capital Gains Tax (CGT) is increased, according to the National Landlords Association (NLA)...

CGT rise ‘applauded' by homefinder

The coalition government's proposal to increase Capital Gains Tax (CGT) on the sale of second homes from 18% to a predicted 40% has been applauded by homefinder County Homesearch...

07, 2010 May:

Property tax: call in the professionals

Property investors who have received a letter from the taxman asking for a call about unpaid tax on income from property letting, then you need to speak to a property professional fast...

26, 2010 April:

Stamp duty paid for Scotland

Housebuilder Bett Homes is extending the government's Stamp Duty offer to second time buyers in Scotland, which could mean a saving of up to £2,500 on a brand new home...

07, 2010 April:

Stamp duty ban brings surge in demand

Estate agents and mortgage lenders are already reporting surges in demand from prospective first-time buyers after the Government's announcement of a two-year stamp duty holiday for them...

31, 2010 March:

UK exiles see Malta as less taxing

The UK is likely to see a flurry of exiles heading for sunnier and less taxing shores like Malta, predicts one property specialist - who says that this small English speaking Mediterranean island offers a warm welcome only 3 hours away from the UK...