Budget 2025: All the Housing and Property Announcements
Budget 2025 targets less than 1% of UK homes with values above £2 million by introducing a four-band annual surcharge starting in 2028, adjusted by inflation.
6 Articles
6 Articles
Reeves has just poured cold water on the housing market - this is how it'll affect you
This is Armchair Economics with Hamish McRae, a subscriber-only newsletter from The i Paper. If you’d like to get this direct to your inbox, every single week, you can sign up here. The Budget cannot be good for the housing market – but it could be a couple of years before we can see quite how bad it will turn out to be. There are two immediate blows. One, the more obvious, is the mansion tax, the levy on homes worth more than £2m. The other, wh…
Budget 2025: OBR leak confirms mansion tax and salary sacrifice pension restriction; inflation forecast to rise
The Office for Budget Responsibility has published details of the Budget early. In an extraordinary development, minutes before the chancellor’s speech, the Budget watchdog revealed the government’s plans to: The OBR also lifted its inflation forecast from 2.1% to 2.5% next year. The pound rose in anticipation that interest rates will not be cut as […]
Wealthy property owners ‘rush to avoid’ Budget Mansion Tax
Wealthy property owners are ‘rushing’ to avoid a Mansion Tax, which is strongly rumoured to be part of today’s Budget. Around one in four high-end homeowners have moved their properties into a trust for their children, the Daily Telegraph reports. And another 12% have also set up trusts for their grandchildren, according to a survey of 2,000 rich individuals by wealth management firm Saltus. Surcharge applied There is much speculation that Chanc…
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