.jpg "Residential Research Update December 2024")
Over the past week or so we have seen a series of potential tax changes floated in the press in advance of this year’s Autumn Budget. It is unclear if and how these will translate into actual proposals, leaving a lot of questions unanswered for prospective buyers and sellers.
If these proposals were to be adopted it is unclear how they would be applied in Scotland and Wales relative to England and Northern Ireland, given different responsibilities for different parts of the tax system, which adds to the complexity.
With that in mind, we have sought to unpick what these could mean and have produced a presentation which we hope you will find useful.
Since running this webinar, we have re-run some of the calculations, resulting in minor changes to some of the numbers as detailed in the slides below:
I will continue to update you in coming months via my monthly market update, as things become a little clearer.
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