As buyers and sellers brace themselves for the predicted fallout following the Budget on 30 October 2024, Britain’s property market is experiencing upheaval. Current homeowners are taking advantage of the falling mortgage rates, while landlords prepare for more regulation, specifically the Renter’s Reform Bill.
Commenting in articles for The Daily Mail, This is Money and The British Club, partner Lorna du Sautoy describes the activity taking place among high-net-worth individuals as they prepare for expected changes to capital gains and inheritance taxes.
‘Whilst landlords and owners of second or holiday homes may be looking to sell as quickly as possible before the October budget, we are also finding high-net-worth property owners making gifts of property – especially to children of the family – to expedite the transfer for assets and get in front of potential changes to inheritance tax and capital gains tax.’
The full articles can be read on the The Daily Mail, This is Money and The British Club websites.
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