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
Rightmove’s weekly mortgage tracker 04/10/24
The average 5-year fixed mortgage rate is now 4.57%, down from 5.43% a year ago The average 2-year fixed mortgage rate is now 4.90%, down from 5.92% a year ago The average 85% LTV 5-year fixed mortgage rate is now 4.59%, down from 5.51% a year ago The average 60% LTV 5-year fixed mortgage rate is now 3.89%, down from 5.01% a year ago The average monthly mortgage payment on a…
Read More 
Zoopla finds 40% of full-time workers priced out of homeownership across Great Britain
New research from Zoopla finds over half (58%) of working households in southern England cannot afford to purchase an average priced two or three-bed home Almost three quarters (74%) of full time workers are unable to buy in London Homeownership is accessible to most workers across the rest of Britain, although there are hotspots emerging…
Read More 
Landlords urged to protect their tenants and properties as nearly half of renters struggle with mould
Rising concern over mould and damp in rental properties is a real issue which wetter UK weather is only making worse – as the last 18 months are declared the wettest on record. A survey conducted by experts at Quotezone.co.uk has revealed 43% of renters have reported issues with mould or damp. 65% say they have…
Read More 
Breaking Property News 03/10/24
Daily bite-sized proptech and property news in partnership with Proptech-X. RentalReady property management software company unveils Maia a fully autonomous AI agent RentalReady has added Maia to its existing service and is a leap forward in the company’s aim to revolutionise the hospitality industry. ‘After only one-week after going-live, Maia was already treating the majority of our enquiries,’…
Read More
Britain’s fastest and slowest markets revealed from Carluke to Chelsea
Rightmove’s Speed of Market Tracker reveals that Carluke in Lanarkshire is Britain’s quickest-selling market, with the average home finding a buyer in just 15 days Giffnock is second (16 days) and Uddingston is third (17 days), both commuter towns to central Glasgow It currently takes 33 days on average to find a buyer in Scotland,…
Read More
Lowest mortgage rates for 15 months drives double digit boost to buyer demand and home sales reports Zoopla
New sales agreed are 25% higher than a year ago as buyers return to the market Sales up the most in the East Midlands (32%) and North East (30%) Rebound in activity supports slow recovery in house price growth – UK house prices increase by 0.7% up from -0.3% a year ago More and more…
Read More