UK house prices have remained steady, with the average asking price just above £368,000. Increased housing supply — the highest for this time of year since 2015 — has given buyers more negotiating power. Improved affordability from lower mortgage rates, rising wages and relaxed lending rules has supported activity. Confidence has strengthened following Budget clarity,...
Mortgage lending in the UK is expected to grow at a much slower pace over the next year, according to industry forecasts. Lending volumes are predicted to rise only marginally, while property transaction numbers are set to fall. At the same time, repossessions are expected to increase as affordability pressures continue to affect households. Analysts...
The UK government’s inheritance tax (IHT) receipts are on track to hit a staggering £9 billion by 2027, according to forecasts from the Office for Budget Responsibility (OBR). This sharp rise in UK Inheritance Tax (IHT) revenue reflects a combination of frozen thresholds and rising property values — factors that could impact many families who...
HM Revenue and Customs (HMRC) has announced a reduction in late payment and repayment interest rates, offering some relief to taxpayers and businesses managing their financial obligations. Understanding these changes can help individuals and businesses plan their tax payments more efficiently. Why has HMRC reduced interest rates? The changes in interest rates are directly linked...
Copyright by CareAccountancy. All rights reserved.
Copyright by CareAccountancy. All rights reserved.
