BREAKING NEWS – 5 top stories 27/01/2021
MONDAY 1ST FEBRUARY WATCH SDLT HOLIDAY DEBATE LIVE
After immense pressure, the government is now allowing a debate on the extension of the SDLT holiday until the September, for those who are keen to see how it plays out, tune in https://www.youtube.com/watch?v=0420gQEA9Hs&feature=youtu.be.
THE RELOCATION NETWORK CHANGES HANDS
Richard Tucker who headed (RAN) is stepping down and the company will continue in its present form but will be absorbed by Dwellworks an established international provider of services for corporate relocation.
NEW STUDY SHOWS LEGAL SECTOR SUGGESTS WORKING FROM HOME IS EFFECTIVE
Pete Watson of Atlas Cloud has recently done some analytics on WFH for the legal sector and says that typically workers are contributing over half an hour extra, which over a year is nearly three weeks of extra production time.
He comments, ‘Companies in the legal industry already putting in place pioneering plans to give staff the flexibility to work from the office, home, or remotely from another location when the pandemic is over. This is a really encouraging step towards a better future for employees and businesses … the pandemic has transformed the way we think about the workplace’.
LONDON AGENT SAYS ANY CHANGE TO CAPITAL GAINS TAX COULD SLOW MARKET
A London agent has contacted us saying that if the present level of CGT, which is running at 28% if a rental or second home is sold, rises to 40% for those in a higher tax bracket, this will definitely skew the property market and make investment buyers move in a different direction in the prime London sector.
With a March budget on the cards it will be interesting to see if the Chancellor does make any movement in this sector.
FALLOUT FROM THE CLADDING DEBACLE CONTINUES
Whilst there have been some positive soundbites in recent weeks that works and assessments of buildings affected by the use of unsuitable building materials, it has now been reported that although the government had set aside a substantial sum, over £2BN, this is not going to be anywhere near what is needed.
Which means that owners of the properties may well be in the loop for the costs, which given that the Homebuilders actually constructed these properties, begs the question of accountability, especially with multi-million profits being seen by the big developers.
If you have a view – please let us all know by emailing me at [email protected] – Andrew Stanton Executive Editor – moving property and proptech forward.