Following the government’s update on 13th May 2020 regarding home moving in England during the Covid-19 outbreak, we are pleased to announce our branches in England will start re-opening their doors for booked appointments over the coming weeks. Health and safety remains our main priority, and a number of strict measures will be put in place to protect our staff and customers. Our offices in Scotland and Wales will continue to support customers from home. Visit our branch page to find contact details for your local office.

March 8 is next date for bad (or good) news on property taxes

March 8 is next date for bad (or good) news on property taxes

The government has announced that its next Budget will be on March 8 next year.

Until recently, Budgets and their 'mini-me' Autumn Budgets had been largely non-events for the agency industry, but that all changed in December 2014 when then-Chancellor George Osborne announced his reform of stamp duty - welcomed by many agents, except those handling properties priced £937,00 and above, most of which incurred more duty.

Since then, each Budget and Autumn Statement appears to have been the cause of more bad news for the industry, ranging from the three per cent additional stamp duty surcharge to the phasing out of mortgage interest tax relief for landlords and the reform of Wear and Tear allowances.

At last month's Autumn Statement, the ban on letting agents' fees levied on tenants was announced - although it is to be the subject of formal consultations, expected to begin next month.

Next March the Budget will be followed by a Finance Bill as usual; then there will be another Budget in the autumn of 2017 - date to be announced - following which, annual budget announcements will be made only once a year in the autumn.

Article courtesy of Estate Agent Today | Sign up for Estate Agent Today newsletter | Get this news on YOUR site!