Latest News, Blogs and Posts from the Team
Navigating Economic Waters: Bank of England Ponders Interest Rate Moves Amid Inflation Tumble
In the fast-paced realm of finance, the Bank of England (BoE) finds itself at a pivotal crossroads, mulling over whether to tweak interest rates in response to a significant dip in inflation to 3.2%. BoE Governor Andrew Bailey has hinted at potential rate cuts,...
What is the relationship between inflation, interest rates and mortgages in the UK?
Inflation, interest rates, and mortgages are interconnected elements of the economic landscape, each exerting influence on the others. Changes in inflation can have significant repercussions on interest rates and subsequently impact mortgage borrowers and the housing...
Budget Briefing – Capital Gains Tax, Multiple Dwellings Relief and Capital Allowances
Would the Spring Budget bring any surprises after the numerous ’leaks’ running up to the big day? We’ve put together a run-down of the biggest changes affecting the property market and specifically landlords. Please click through for a more detailed analysis on each...
Capital Gains Tax implications – Spring Budget
Suzannah Povey-White, our Group Marketing Manager takes a broad look at Capital Gains Tax and the Spring Budget How is the cut in Capital Gains Tax going to affect the property industry? The Chancellor has reduced CGT from 28% to 24% in the spring...
Furnished Holiday Lets and Capital Allowances – Spring Budget
Lewis Gimple, our Capital Allowances Surveyor takes a look at Furnished Holiday Lets and how Capital Allowances are affected from the Spring Budget. The Spring Budget and what it means for FHL owners and capital allowances The chancellor announced in the spring budget...
Other tax changes – Spring Budget
A quick look at some of the other tax changes in this week's budget Child Benefit Under the current system, if at least one parent earns £50,000 a year, they will start to lose child benefit and if they earn over £60,000 a year, it will be taken away entirely. This...
Non-dom tax implications
Tim Crook, our Head of Private Clients at OCG Legal, takes a look at the Spring Budget in detail. Non-Dom Tax Regime The Chancellor announced the abolition of the non-dom tax regime and provided some detail on the new system that would replace it from April 2025....
Multiple Dwellings Relief – Spring Budget
Hayley Blackett, Conveyancing Team Leader at OCG Legal, takes a look at the implications of MDR abolishment Multiple Dwellings Relief Abolished – Budget 2024 What is Multiple Dwellings Relief (MDR)? MDR applies to the purchase of two or more dwellings in a single...
What are the implications on Inheritance Tax in tomorrow’s budget?
As anticipation mounts for the UK Spring Budget, one area of interest for many individuals is potential changes to inheritance tax (IHT) laws. In recent years, IHT has been a subject of much debate and speculation, with calls for reforms echoing throughout the...
Empowering your future – The importance of creating a Lasting Power of Attorney
Life is unpredictable, and unforeseen circumstances can arise at any moment. While we may not have control over everything, creating a Lasting Power of Attorney (LPA) is a proactive and prudent step towards securing our future. In this blog, we'll explore the crucial...
