Tag: tax
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Budget tax fears threaten Labour’s 1.5 million homes pledge
Builders are hitting pause ahead of the November Budget, concerned that taxes could raise the cost of building homes and create broader uncertainty in the property market. A Knight Frank survey found 43% of developers expect housing starts to fall in the final quarter of 2025, reflecting widespread caution across the sector. Former Housing Minister…
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UK may introduce exit tax on homes and land for leavers
Leaving the UK could soon become more expensive for homeowners if a proposed exit tax is introduced for those looking to emigrate from the UK. The government and HMRC currently say there is no general exit tax in force, but recent reporting shows Treasury officials are modelling options and Ministers have not ruled out new…
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Council tax could soon be doubled — but which homes and which areas are most at risk?
Homeowners in the top council‑tax bands could see their bills almost double if proposals being considered by the Treasury and the Institute for Fiscal Studies (IFS) are adopted. The plan, which would target bands G and H, might raise around £4.4 billion a year, with surging house prices widening the gap in the current, 1991-based system.…
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300,000 homes face new Rachel Reeves ‘Mansion Tax’
More than 300,000 properties could fall within the scope of a new ‘Mansion Tax’ being prepared for next month’s budget, according to leading housing market analysts. The Labour Government are understood to be developing plans to tax homes based on house prices, particularly those valued above £1.5 million or £2 million. While no final announcement…
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How the One Big Beautiful Bill Act Boosts Construction Equipment Investment and Tax Relief
According to the Equipment Leasing and Finance Foundation, 42% of businesses plan to increase their equipment and software investments this year, with 32% citing increasing labor costs and labor shortages as the primary reason. For construction companies navigating these pressures, the Trump Administration’s “One Big Beautiful Bill Act” (P.L. 119-21) (“OBBBA”) can bring significant tax…
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New tax could add £24,000 to the cost of a new home
The UK government is considering significant changes to landfill tax that could substantially increase costs for the construction sector. While officials argue the reforms will support environmental goals, industry leaders warn of potential negative impacts on housing affordability. Experts estimate the proposed changes could add tens of thousands of pounds to the cost of building…
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Garden shed tax hits homeowners as councils crack down
More homeowners are facing unexpected council tax bills as local councils crack down on garden sheds converted into living spaces. If you’re thinking to buy garden sheds or already own one, it’s important to understand how certain outbuildings with kitchens or bathrooms could be taxed separately. This growing enforcement reflects councils’ efforts to make sure…
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Will there really be a ‘bath time tax’?
The idea of a “bath time tax” might sound like something out of a dystopian novel, but it’s become a hot topic in the UK’s ongoing water debate. While it’s not a direct tax on your bubbles, this controversial idea points to new plans aimed at encouraging us to save water and pay differently. We…
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Are Home Improvements Tax Deductible?
For many American homeowners, the allure of a gleaming new kitchen or the promise of energy-efficient windows often leads to a significant investment. As invoices pile up and new fixtures take shape, a recurring thought emerges: can these substantial expenditures yield a benefit come tax season? The straightforward answer, for the vast majority of standard…
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Are Home Improvements Tax Deductible?
For many American homeowners, the allure of a gleaming new kitchen or the promise of energy-efficient windows often leads to a significant investment. As invoices pile up and new fixtures take shape, a recurring thought emerges: can these substantial expenditures yield a benefit come tax season? The straightforward answer, for the vast majority of standard…