Treasury team

And in other Budget news…

Leaving aside the dog's breakfast that's just been made of the Housing Benefit system, landlords seem to have heaved a sigh of relief after yesterday's Budget, largely because expected hikes in capital gains tax were not as huge as expected. Higher rate tax payers will see CGT increased to 28%; for lower rate taxpayers, it remains at 18%. Victoria Whitlock, the Evening Standard's "accidental... Read more

Posted by Sue @ Upad on June 23rd, 2010 in Landlord Tax, Property Rental

George Osborne

The Death of the Social Landlord?

Thousands of vulnerable families will lose their homes under government reforms of the Housing Benefit system announced in yesterday's Budget. Chancellor George Osborne has said that maximum rates of Local Housing Allowance will be reduced to between £280 per week for a one-bedroomed property to £400 for a four- or more bedroomed house. There has been no indication of any local weighting... Read more

Posted by Sue @ Upad on June 23rd, 2010 in Property Rental