News Archive: tax

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07, 2009 May:

RBA holds rates

The Reserve Bank of Australia has left its key interest rate unchanged at three per cent, citing indications of a revival in China as cause for hope that the worst may be over...

Brits set for ‘inheritance shock'

Falling property prices mean that many will get less than they expect, according to Friends Provident...

01, 2009 May:

New offer for first-time buyers

First-time buyers may find they benefit from a new initiative being offered by financial services provider Halifax...

29, 2009 April:

Wealthy British tax payers arguably emerged the greatest losers from this month's Budget - as from next April, anybody earning more than £150,000 per year will have to pay 50 per cent in income tax - an increase which is expected to drive hundreds more well-off UK citizens to consider investing in tax havens...

27, 2009 April:

Tax change for holiday lets

Thousands of UK holiday-home owners with places in Europe stand to lose a range of tax breaks under changes announced in last week's Budget - but, in the short-term, they have been given the chance to apply retrospectively for a tax rebate previously reserved only for owners of UK-based holiday lets...

24, 2009 April:

Naming and shaming

Putting the name of tax evaders in the public domain has been proposed as one of the ways of dealing with tax evaders...

23, 2009 April:

It's all over, Darling

The 2009 Budget has been read and the reactions are out - and they are not overwhelmingly positive - in fact, Alistair Darling's proposals have been met with scorn by property bods who say they totally ignore the industry - with one high profile expert likening Darling's Budget to ‘using a water pistol to try to put out a fire'...

21, 2009 April:

Brown to extend cut in house tax

Prime Minister Gordon Brown will extend an exemption on an unpopular tax on home purchases in tomorrow's Budget in a bid to boost the flagging housing market...

08, 2009 April:

Historic homes: less taxing?

Taking on a historic home may give you the wow factor but it is never going to be a cheap and cheerful option - the maintenance and upkeep involved with such a property will likely be hugely expensive - but now there is light at the end of the tunnel with news that the UK Government may introduce new EU regulations which will cut VAT on repair and maintenance for historic buildings...

OZ cuts interest rates again

The Reserve Bank (RBA) has cut interest rates by 0.25 of a per cent (25 basis points) taking the official cash rate to a historic low of 3.00 per cent...

06, 2009 April:

Taxing times in Malta

The Maltese Government has launched a new redemption scheme for property that is leased from the Government - which could means that homeowners stand to lose up to 25 per cent of the property's value as they have been prevented from applying for the ground rent redemption scheme for four years...

03, 2009 April:

UK Govt should 'axe stamp duty'

Mortgage broker John Charcol has called on the Government to axe the current stamp duty regime...

01, 2009 April:

Ontario suffers tax rise

About one in five new homes built in Ontario will see a six per cent price increase next year because of the provincial Government's plan to merge the provincial sales tax and GST, says Mike Collins-Williams, Policy Director for the Ontario Home Builders' Association...

27, 2009 March:

Council tax doubles in 10 years

Typical UK families are paying £726 more in council tax than they were ten years ago, according to research...

26, 2009 March:

Calls to end empty rates tax

Lord Mayor of London Ian Luder said the empty rates tax was harming London and would damage its attractiveness as a global financial centre...

20, 2009 March:

Tax cuts for South Korea

In an effort to stimulate their stalled domestic property market, South Korea has introduced new measures, including reducing the level of capital gains tax on land sales, in the hope that this will reverse the drop in demand...

19, 2009 March:

Men are from Mars

A higher real estate tax rebate and cheaper loans for women in some parts of India is increasingly attracting the fairer sex to invest in property, it is claimed...

18, 2009 March:

90% of Brits resent council tax

Nearly 90 per cent of Britons are unhappy with the services they receive in exchange for the council tax, a new survey has revealed...

17, 2009 March:

The £1 million stamp duty

That's how much the Stamp Duty threshold would rise to if the Government reacted as they did in the last major UK recession...

16, 2009 March:

Tax incentives not to move house

Householders who would prefer to improve rather than move could soon get tax incentives...

12, 2009 March:

No council tax rises in Scotland

There will be no council tax increases anywhere in Scotland for the second year running, it has been confirmed...

11, 2009 March:

British couple wins tax dispute

A British couple has won an unlikely legal battle against the Spanish Government over taxation...

10, 2009 March:

Interest free mortgages

Tens of thousands of homeowners now have interest-free mortgages following the latest cut to the Bank of England base rate...

Relocation, relocation, relocation

With the UK economy deep in recession, unemployment rising and sterling at an historic low, nearly half of all British workers - 45 per cent - are considering relocating from the UK to work abroad, according to fresh research conducted by foreign exchange specialist Travelex Personal Payments...

05, 2009 March:

OZ holds interest rates

The Reserve Bank of Australia has defied expectations by leaving its key interest rate on hold while waiting for the full effect of previous rate cuts to spur the economy. The dollar soared on the news...

Council tax ‘frozen'

Hounslow Council has announced it will freeze council tax this year...

03, 2009 March:

Holiday homes tempting buyers

Bargain property prices in many countries are beginning to tempt buyers looking for holiday homes, industry professionals report...

26, 2009 February:

Romania FDI boost

Foreign investment in Romania soared by almost a quarter during 2008, new statistics have shown...

Council tax relief?

Council tax bills will rise by 3% this year, which is less than was originally predicted...

20, 2009 February:

MEPS tackle cowboy builders

Members of the European Parliament sent a strong message to the UK Government this week over VAT for building and repair maintenance work...

12, 2009 February:

Tax joy for France investors

Good news for overseas investors this week as France launches a new tax incentive..

06, 2009 February:

Councils revise council tax budgets

It is the time of year when councils are beginning to set the council tax for the forthcoming year. Any rises are likely to be more unpopular than ever, given the current state of the economy, job losses and the reduced spending power of the average Brit...

27, 2009 January:

Financial aid for Thailand

The Government in Thailand has unveiled a new financial aid package that could benefit helping homeowners and property investors in the country...

26, 2009 January:

Tax exchange with Guernsey

A new tax information exchange agreement between the Governments of the United Kingdom and Guernsey was signed by William Bach, Parliamentary Under Secretary of State for Justice, and Lyndon Trott, Chief Minister of Guernsey...

Brazil cuts interest rates

Brazil's central bank has cut interest rates by one per centage point which may be good news for Brazilian property investors...

23, 2009 January:

Thai it: the tax relief package

The new Government in Thailand has announced a £792 million tax relief package aimed at boosting the economy and the property sectors in particular...

20, 2009 January:

Doubling up on tax

Owners of overseas property could be in for a two-fold tax hit due to the falling sterling and property prices, warn PKF Accountants & business advisers...

European Central Bank loses interest

The European Central Bank (ECB) has announced a cut in its main interest rate, bringing the figure down to two per cent...

Tough buy-to-let terms offset bargains

Investors are missing out on property bargains because the cost of buy-to-let mortgages has barely fallen in the past year, in spite of interest rate cuts...

16, 2009 January:

A taxing question

Investors who are looking to sell European property have been urged to take into account the UK tax implications that may arise from a completed sale...

13, 2009 January:

Superbank hits UK

Taxpayers will own almost half of the "super-bank" created from Lloyds TSB's rescue takeover of HBOS...

Housebuilders to receive £500m rebate

Struggling housebuilders are set to receive a £500 million rebate from the taxman...

12, 2009 January:

Freeze on rates called for

Retailers claim changes to business rates could push retail's bill to £7 billion by 2011 and the British Retail Consortium (BRC) has called for a freeze on rates...

09, 2009 January:

Lenders not passing on cuts

76 per cent of mortgage providers have announced a cut to their standard variable rate (SVR), with only 19 lenders opting to pass the last interest rate cut on in full according to new data from Moneyfacts.co.uk...

08, 2009 January:

UK interest rates slashed again

The Bank of England's Monetary Policy Committee has cut interest rates yet again, from two per cent to 1.5 per cent, taking rates to their lowest level since the Bank was founded in 1694...

Seeking advice

More than one in eight borrowers in the UK has sought debt advice, according to new research by MoneyExpert.com...

Court shoes

More than one million people were summoned to court last year for not paying their council tax in full...

07, 2009 January:

Bank tipped to cut rates again

Two new polls of economists have led to predictions that the Bank of England's monetary policy committee will cut the base rate again this week...

05, 2009 January:

Big fat zero

Britain's struggling economy may force interest rates down to zero per cent in 2009, an expert has said...