Cutting capital gains tax on second homes will worsen the housing crisis in
the countryside, the Prime Minister’s adviser on rural affairs warned today.
He says the move will cause a frenzy of speculation as owners of second homes
– many of them MPs – will rush to capitalise on the cut, making it even more
difficult for first-time buyers and young families to get on the property
The move for lower taxes is curious, says the Times, as a separate review is
examining whether councils in beauty spots should be able to prevent houses
being sold as second or holiday homes.
If the tax cut goes ahead, second-home owners will pay just 18% on the sale
of their homes instead of the standard 40% rate.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy