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Tag: 2024

2024

  • Overview of Inheritance Tax (IHT) and 2024 rates

    amoore70

    Inheritance Tax (IHT) is a tax on the estate (the property, money, and possessions) of someone who has died. The standard Inheritance Tax rate is 40%, which is only charged on the part of the estate that’s above the threshold. Thresholds and Allowances Tax Rates Exemptions and Reliefs Seven-Year Rule (Potentially Exempt Transfers) Gifts made… Read more

  • Gazumping: How prevalent is it in 2024?

    amoore70

    What is Gazumping? Gazumping occurs when a seller of a property accepts a higher offer from a new buyer after having already agreed to a sale price with an initial buyer, but before the contracts have been exchanged. This practice leaves the initial buyer in a difficult position, often having invested time and money into… Read more

  • Green party announce their housing policy for July election

    amoore70

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    The Green Party’s housing policy for the July 2024 UK election emphasizes creating sustainable, affordable housing while prioritizing environmental and social considerations. Key aspects of their policy include: Overall, the Green Party’s housing policy aims to address the housing shortage in the UK through sustainable practices, enhancing affordability, and supporting community development. Read more

  • Housing policy for 2024 election from the conservatives

    amoore70

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    The Conservative Party’s housing policy for the upcoming UK election focuses on increasing homeownership, supporting renters, and addressing the housing supply shortage. Key elements of their policy include: The Conservative Party’s housing policy is designed to increase the supply of new homes, support homeownership, improve rental conditions, and ensure that housing development is sustainable and… Read more

  • What is labour’s housing policy for the upcoming election?

    amoore70

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    The Labour Party’s housing policy for the upcoming UK election includes a comprehensive plan aimed at tackling the housing crisis and ensuring access to affordable and secure housing for all. Key elements of their policy include: Labour’s housing policy focuses on increasing the supply of affordable housing, protecting renters, supporting first-time buyers, and ensuring that… Read more

  • Labour to introduce mortgage guarantee scheme

    amoore70

    As of my last update in 2023, the Labour Party in the UK has proposed the introduction of a mortgage guarantee scheme aimed at helping more people, particularly first-time buyers, get onto the property ladder. Here’s an overview of the proposed scheme: Overview of the Mortgage Guarantee Scheme The proposed mortgage guarantee scheme by the… Read more