NAVIGATING REAL ESTATE REGULATIONS AND MARKET TRENDS
Property Insights
Navigating the complexities of property investment can be an overwhelming endeavor. To empower you with essential insights, we’ve collaborated with our esteemed partners to curate a series of comprehensive newsletters. Delivered biweekly or monthly, these informative editions are meticulously designed to equip you with the critical knowledge necessary for making informed and strategic investment choices.
May 2024
In Budget 2024, which took place on 6 April, the Chancellor announced that the concept of Furnished Holiday Lettings (FHLs) will be abolished from 6 April 2025. This means that the tax reliefs available to those operating FHLs will no longer be available.
June 2024
On 9 May 2024, the Bank of England announced that the interest base rate will be held at 5.25%. The governor has said that he is "optimistic that things are moving in the right direction" but needs to "see more evidence" of falling inflation before cutting the interest rate.
July 2024
The Conservative party manifesto contains the following pledges that are of relevance to those in the property sector: A temporary 2-year capital gains tax(CGT) exemption for landlords selling a property to existing tenants;