9 h. ago Tories to challenge Rachel Reeves to rule out ‘damaging property taxes’

Tory leader Kemi Badenoch said the Chancellor was trapped in a ‘tax doom loop’.

Politics

61 h. ago Court orders seizure of counterfeit underwear seller’s £90m assets

Ferrari and property owned by Arif Patel, tax fraudster who has been on the run since 2011, will be sold at auctionA self-styled clothing tycoon who sold counterfeit socks and pants while operating an extensive fraud ring will have all his UK assets seized after the Crown Prosecution Service won a court order to confiscate up to £90m worth of property and luxury cars.Arif Patel, 57, from Preston, Lancashire, who has been on the run since 2011, will have homes and business premises he owned taken from him after a confiscation order granted by a judge at Chester crown court on Thursday. Continue reading...

Economics

63 h. ago Phil Spencer: catastrophic rumoured tax reforms would hit ordinary Londoners

Rumours that Chancellor Rachel Reeves is considering property tax reforms that include scrapping stamp duty, a tax on home sales over £500,000 and collecting capital gains tax (CGT) on homes over £1.5 million when they sell are likely to slow the housing market according to Zoopla.

Events

66 h. ago Labour's property market armageddon: Landlords selling up, soaring rents and home moves at a 'grinding halt'. Now the Mail's experts reveal what every homeowner must do to protect themselves

A series of property market tax proposals which have been floated ahead of the Autumn Budget are already hitting confidence among landlords and home movers.

Society

69 h. ago Welsh holiday property tax faces changes after owners hit out at controversial rules

The legislation was first introduced in 2023 and differs to that in England

Events

3 d. ago Can I use a trust to pass my property to my two adult children?

How can I pass my property to my two adult children and minimise inheritance tax? Are there trusts open to me, or other options I should look at?

Society

3 d. ago Rachel Reeves warned hiking levies on landlords will 'hurt tenants' with increased rents and fewer homes amid fury at 'Baldrick' Chancellor's latest property tax raid

The Chancellor is reportedly considering a tax raid on landlords by imposing National Insurance on rental income as she looks to plug a £50billion spending hole.

Events

3 d. ago Kirstie Allsopp leads fury at Rachel Reeves' latest property tax raid: Anger at Chancellor's 'cunning plan' to hike levies on landlords sees her accused of 'running the economy like Baldrick'

Treasury officials are said to be looking at proposals to levy £2billion from property earnings as they scramble for revenue-raisers ahead of the Budget this autumn.

Economics

5 d. ago What do you think about the proposed new property tax on homes worth more than £500k?

Take our poll to share how you feel about the proposed new tax

Economics

7 d. ago Rayner faces questions after purchasing third property in Hove

The deputy PM has a property in her constituency near Manchester and a grace-and-favour flat in London

Politics

1 week ago Inheritance tax receipts hit record high as high property prices drag more families into the net

The nil rate band remains frozen until 2030, and with property prices still elevated, an increasing number of families will have to pay the death tax.

Society

1 week ago Voices: What is the fairest way to tax property in the UK? Join The Independent Debate

Readers are divided over the fairness of proposed reforms to UK property taxes, debating whether they tackle unearned wealth or unfairly penalise ordinary homeowners

Society

1 week ago Can a nation in crisis rely on the baby boomer generation to step up? I think the UK is about to find out | Phillip Inman

A raid on property wealth and pensions is being signalled by the Treasury, and it has sound reasons for doing just thatDear baby boomer, the government is coming for you and your store of wealth. The property and pensions built up over the past 40 to 50 years are, for the first time, in play. The triple lock on the state pension might be guaranteed, at least for the time being, but for the wealthier boomer, it looks like their private assets are being laid out on a chopping board, ready to be carved like a Sunday roast and fed to hungry government departments starved of funds for almost two decades.These are desperate times and taxing the wealthy is a desperate measure. No government wants to do it. If you tax the rich, they might fly away in their private jets. That’s happened in Norway, one of the few European countries to retain a wealth tax. It’s true that older middle-income voters are more likely to stay put, but they also have a tendency to vote with their self-interest in mi...

Events

1 week ago Rachel Reeves' proposed 'mansion tax' could hit pensioners hard, experts claim

Rachel Reeves is currently considering the introduction of a new property tax on high-value properties, with experts warning of its potential ripple effects on pensioners across the UK

Economics

1 week ago Rachel Reeves' proposed property tax could hit pensioners hardest, experts warn

Rachel Reeves is reportedly mulling over the introduction of a new tax on higher-value properties, which experts warn could hit pensioners looking to downsize post-retirement

Events

1 week ago How could Labour shake up the property tax system in the Budget?

Chancellor Rachel Reeves is looking at reforms designed to target wealthier individuals

Economics

1 week ago Rachel Reeves' new property tax could hit downsizing pensioners in the pocket by changing the rules for selling a family home

In what has been dubbed a form of 'mansion tax', the Chancellor is reportedly looking to end the exemption from capital gains tax when owners of higher-value properties sell up.

Society

1 week ago Rachel Reeves' 'mansion tax' plan: What is capital gains tax, who pays and what could change?

In the latest furore over Labour's plans for property taxes, Chancellor Rachel Reeves is reported to be considering taxing some of those who sell their home and make a profit.

Economics

1 week ago Plumbing tycoon Charlie Mullins joins fury at Rachel Reeves as he accuses Labour of 'ROBBING' hardworking Brits with property tax raid

The millionaire hit out at the Chancellor's 'atrocious' tax plans and claimed she was 'robbing' working class Brits.

Economics

1 week ago Fears new Labour property tax will hit the hardest workers, as Rachel Reeves's minister refuses to rule out controversial new levy to replace stamp duty

Labour vowed before the last election that it would 'not increase taxes on working people', ruling out rises in National Insurance, income tax or VAT.

Politics