Inheritance tax raised to £1m
July 6, 2015
David Cameron and George Osborne writing in The Times on saturday confirmed that the threshold at which inheritance tax is levied will rise for couples to one million pounds from £650,000 after April 2017.
The policy will be funded by limiting the amount of tax relief on pension contributions given to those earning more than £150,000 a year.
It was reported that George Osborne will present the measures to parliament on Wednesday, although the Times article did not confirm they would form part of the budget speech.
Both Cameron and Osborne said in the Times: “It can only be right that when you’ve worked hard to own your own home, it will go to your family and not the taxman.”
You May Also Enjoy
Renters seek fixer-uppers, with over £40,000 cheaper price tag
A consumer survey from Rightmove of over 34,000 home-movers has revealed that 68% of renters are eager to take on fixer-uppers to help get on the housing ladder, compared to 54% of home-owners A study of available fixer-upper properties on Rightmove reveals that homes in need of renovation are 12%, or £44,634 cheaper than the…
Read More 
Breaking Property News 11/11/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Navigating new legislation in the Lettings sector Paul Starkey, technology and property industry veteran and also advisor for Symple, gives his take on how to better monetise lettings operations. ‘During a housing crisis, the last thing the UK needs is a subsequent catastrophe in…
Read More 
Areas in England with the best value for house prices and education, according to new research
Kingston upon Hull has the highest combined score of 75.30 out of 100 for bothhouse prices with adequate value and ‘outstanding’ schools Three Rivers is in second place with a score of 73.73, while Preston takes third place with a score of 72.66 The study created scores by determining areas with relatively low house prices…
Read More 
Why Every UK Estate Agent Needs a Modern CRM to Stay Competitive
Despite their best efforts, many estate agents in the UK are struggling to meet their business goals. What’s holding them back? According to industry experts, one key issue is the absence of an effective CRM (Customer Relationship Management) system. In today’s fast-moving property market, estate agents face numerous challenges—from managing client turnover and tracking leads…
Read More 
DeWalt: An Indispensable Helper During Your Move
Moving is a process that many of us experience with a mix of excitement and anxiety. From packing to unpacking, transporting to setting up furniture, every detail requires attention and effort. In such situations, having a reliable helper like DeWalt tools can significantly simplify and speed up the moving process https://www.ukplanettools.co.uk/dewalt/. 1. Packing and Disassembling…
Read More 
Exploring Homes for Sale in Spain: A Guide for International Buyers
Spain has long been a top destination for international buyers looking to invest in real estate. Its combination of sunny beaches, rich culture, delicious cuisine, and vibrant cities makes it a favorite for those seeking both a holiday retreat and a valuable investment. With a growing market and diverse options, homes for sale in Spain…
Read More