The new High Value Council Tax Surcharge, announced in the November 2025 Budget, could leave some families with an additional tax bill to settle from an estate under proposals from the government. The government published its consultation on 19 May 2026, setting out some of the potential structure for how the so-called ‘mansion tax’ would …
The “baby-boomer” generation (62 to 80 years of age) is sitting on £3.84 trillion in UK property wealth according to research by estate agent Savills. Around £2.92 trillion is held in main family homes with the rest in buy-to-let property investments and other residential properties such as second homes. For context, the annual gross domestic …
The Government is weighing up potential reforms to the way capital gains tax (CGT) is applied to property. Reports suggest one option under discussion is whether to alter the generous tax treatment of primary residences, particularly those at the higher end of the housing market. At present, private residence relief means homeowners do not pay …
House sales in the UK were 5% higher in August 2024 compared to the same month in 2023, according to figures from HM Revenue & Customs (HMRC). An estimated 90,210 homes were sold across the UK, reflecting this increase, though the number was slightly down—by less than 1%—from July 2024. The housing market’s resurgence has …
When your children have grown up and left home, your house can suddenly feel a lot bigger and emptier. But despite there being many compelling reasons to move to a smaller property, many of us stay put. So should you be thinking about downsizing? According to a study by Zoopla, more than nine in ten …
