Nationwide’s House Price Review and outlook for 2025 highlighted that the housing market showed remarkable resilience in 2024, despite continued affordability challenges. Given this strength, Nationwide forecasted house price growth to generally range between 2% and 4% in 2025. Robert Gardner, Nationwide’s chief economist, reflected on the unexpected resilience of the housing market in...
UK house prices experienced a notable increase in November, climbing 1.2% month-on-month. This sharp rise marks a rebound in the annual growth rate, which surged to 3.7%, up from 2.4% in October. The annual growth is now at its fastest pace since November 2022, highlighting a renewed strength in the housing market. As a...
Introduction On 30th October, Chancellor Rachel Reeves gave no indication that the government would extend the current stamp duty threshold for first-time buyers (FTBs), which is due to expire in March. This scheme sees first time buyers pay no stamp duty on home purchases below £425,000, an increase from the previous £300,000, although this...
Stepping onto the property ladder can be overwhelming, so we have provided an overview of a range of borrowing schemes to help you secure the home you’ve been dreaming of. Our experts are here to guide you through every step of the process, ensuring you find the right mortgage product tailored to your financial...
Despite interest rates falling for the first time since the initial Covid lockdown in March 2020, borrowing costs remain high. What are interest rates, and why do they fluctuate? An interest rate indicates the cost of borrowing money or the return on saving it. The Bank of England adjusts rates to manage UK inflation,...
With many businesses approaching the end of the accounting period’s final quarter (31st March), this is a perfect opportunity to review your employer pension contributions. For the contributions to be deductible against corporation tax, they must be paid on or before 31st March. From 1 April 2023, the headline (i.e. main) corporation tax rate...
On 22 November 2023, Chancellor Jeremy Hunt presented his Autumn Statement to Parliament and started making, in his words, the long-term decisions necessary to strengthen the economy and build a brighter future. Fuelled by falling inflation and stabilised public finances, focus is now being applied to reducing debt, cutting tax and rewarding hard work....
UK resident Individuals selling UK residential property at a gain, where the gain is not fully covered by private residence relief, need to submit a capital gains tax on property disposal (CGT PPD) return within 60 days of completion whereas non-resident individuals need to submit this return regardless of whether the property is sold...
Tax free allowances on capital gains have been slashed, resulting in increasing CGT liabilities. With effect from 6 April 2023 the CGT annual exempt amount will fall from its present level of £12,300 to £6,000 for 2023/24 and further to £3,000 with effect from 6 April 2024. By way of an example, a client...
PK Group have released a revised version of the mini budget review to inform you of the updated government budget announcements. Click here to view: Mini-Budget-2022 V2 For more information, please do not hesitate to contact us via welcome@pkgroup.co.uk or +44 (0)20 8334 9953