2021-03-03 17:17
Our esteemed Chancellor was kinder than we had feared. The hikes in Capital Gains tax which certainly would have affected the buy-to-let market, were not present and the Stamp Duty moratoriu… Read More
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Osborne’s Property Tax Changes | | Glentree Blog
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stamp duty escalator
As we all know, the Chancellor of the then coalition government introduced penal Stamp Duty rates in the Autumn Statement of 2014, at the higher end of the property market, whilst at the same time gave away ‘Tax bribes’ at the lower end of the scale.
2021-01-08 11:54
“30 to 40 years ago London was an interesting, souvenir city. But now all the centres of excellence are in one place. London is the happening place.” 30 to 4… Read More
2020-10-30 15:37
Although the mass-suicide of lemmings is disputed (apparently, they’re just following biological urges and can’t always see the edge of a cliff), it would seem that property valu… Read More
2020-08-07 08:53
I shout ‘Hallelujah!’ about the latest government proposals to circumnavigate the mindless red tape and labyrinthine process of planning procedures, which have held back the hous… Read More
2020-07-22 17:38
Additional 2% SDLT surcharge for overseas investors – is this dumb or dumber? I cannot believe my eyes when ‘proud as Punch’, the Revenue confirmed today that the ridiculou… Read More
2020-07-15 13:18
The Chinese government has much to answer for at the moment, as the world suffers 500,000 Covid-induced deaths and has cost probably ten trillion dollars worth of reparations to underpin the… Read More
2020-07-06 18:58
As the press media would have us believe, apart from tinkering with VAT, it looks as though Mr Sunak is going to raise the threshold of Stamp Duty as a limp gesture, for a year, to get the r… Read More
2020-06-12 16:08
Former Hampstead home of King Constantine II of Greece, sold by Glentree; venue for luminaries and glitterati, including the Late Princess Diana and her two Princes Not all is lost with Covi… Read More
2020-05-18 16:10
As estate agents offices open up again around the country, we need to adjust to a brave, new post-virus world. The current ‘lockdown affair’ has been tragic, farcical and surreal… Read More
2020-04-23 14:33
For goodness sake Mr. Sunak, take a wrecking ball to the Stamp Duty Escalator and let the markets fly free at last… the Treasury needs the revenue, retail spending needs the stimulus… Read More
2020-03-27 16:29
The devastating effects of this planetary curse – Covid-19 – is yet to be fully accounted for and one should never underestimate the devastation and sadness that this epidemiolog… Read More
2020-03-27 15:15
We are all concerned about the severity of this epidemiological virus. It is also allowing us a moment to reflect on the value of life and how lucky we are to have good health and to be able… Read More
2020-03-11 21:05
Here was a golden opportunity missed by the new Chancellor, to get the Residential Property Market off its knees, by reviewing the Stamp Duty Escalator, imposed by former Chancellor Osborne… Read More
2020-03-06 11:00
It seems to be a rite of passage that before the ink is dry on the employment contract, every new Chancellor entertains the notion of meddling with private pensions. So I thought it would be… Read More
2020-02-28 11:57
Glentree’s Trevor Abrahmsohn shares his latest thoughts on residential property issues… 1. We need a residential development Tsar/Ombudsman to resolve issues in this fiel… Read More
2020-02-13 22:25
Anyone who doesn’t reside under a stone and can barely colour in newspaper pictures, must have heard mutterings about the imminent Budget regarding resurrecting the Mansion Tax corpse… Read More
2020-01-31 09:10
Today, Friday January 31st, is Freedom Day, so crack open a bottle of Remainer tears, feast on a side of non-vegan, un-Fair Trade British beef and celebrate our release from the Euro-federal… Read More
2020-01-23 15:41
After a constant diet of doom-laden scaremongery for the past three years, it’s strange to see a major newspaper report that the IMF are now extolling the virtues of hugely resurgent g… Read More
2019-12-13 18:04
Gentlemen (and gentlewomen, plus everything else in between), let’s raise a glass and say a collective “Halleluiah” for the spectacular election result orchestrated by Capt… Read More
2019-11-06 13:14
As a nation we are going through changing times, with the various political parties spewing out their pre-electoral rhetoric, like the drunkard that everyone tries to avoid. In their despera… Read More
2019-10-17 12:25
Moving house is ranked as stressful as death and divorce. No surprise then that the twin evils of gazumping and gazundering send buyers’ and sellers’ blood pressure through the r… Read More
2019-10-03 11:31
Secretary of State for Housing, Robert Jenrick, (yet another one through the revolving door of the department) wants to try and cure the ailing housing market, which only built 220,000 homes… Read More
2019-09-23 08:22
According to a new website ‘Addresspollution.org’, the chattering-class ghettoes of Chelsea, Notting Hill, Regents Park and Camden suffer air pollution of well above the legal li… Read More
2019-08-20 15:12
It’s always gratifying to see one’s ideas vindicated in reality – a kind of benign schadenfreude, if you like. This week, Sajid Javid mooted that he could switch Stamp Duty… Read More
2019-08-13 15:02
According to Winston Churchill, “There is no such thing as a good tax”. He could very well have been referring to the draconian changes to Non Doms and Stamp Duty, which are now… Read More
2019-08-07 09:53
The NHS is a national treasure and anyone who thinks otherwise should be in a psychiatric ward I genuinely adore and respect this country; we are the luckiest people in the world to live in… Read More
2019-07-19 14:54
One doesn’t have to be a carnival fortune-teller or political expert (the former being more accurate) to realise that Boris will be a shoo-in candidate for Prime Minister. Top of the j… Read More
2019-07-16 19:53
It’s always gratifying to see one’s ideas vindicated in reality – a kind of benign schadenfreude, if you like. This week, Boris mooted that he could switch Stamp Duty from… Read More
2019-06-27 13:49
Whilst few of the British reside in castles anymore (apart from our cherished Royal family), property owners of the nation regard their home as hallowed ground. In true socialist style thoug… Read More
2019-05-20 15:54
Despite the political turmoil swirling, there is now an acute shortage of residential property in some sectors. Could we be on the cusp of a rising market? Here is a man who bites a dog stor… Read More
2019-05-15 14:03
‘The road to servitude is paved with government intentions’ as economist Friedrich Hayek might have said. His prophetic ideas are pertinent today, where we are on the cusp of a g… Read More
2019-04-25 19:17
As the presence of a cowpat on a pasture, indicates that there has been a bovine presence, here we have one more reason (as if we need another) to fear the ravages of a Labour Party gaining… Read More
2019-04-16 18:12
The double dose of pain from Stamp Duty hikes and a faltering Brexit have induced torpor into the Residential Property Market. So it is an opportune moment to review marketing techniques tha… Read More
2019-04-08 14:57
Let’s face it, everyone loves a bit of shameless flattery. Whether it’s about your looks (“Darling, you look FABulous in that size 30 fluorescent bell tent) or your abiliti… Read More
2019-04-01 12:32
You can feel May’s frustration with those buffoons in Parliament and the EU. Who would want her job today? Read More
2019-03-29 13:46
2019-03-19 16:37
It might shock (or amuse) you to know that I am very familiar with the environs of the Law Courts. Not because I’ve done anything wrong; on the contrary, for the last 43 years I have f… Read More
2019-03-14 20:29
In 1674, the governors of London’s infamous Bedlam mental hospital stated that the venue couldn’t cope with the lunatics therein. Three hundred and forty-five years later, today… Read More
2019-03-07 17:53
Theresa, if you are going to ambush the Commons with your deal, make sure you’ve done your homework first since it’s four strikes and you’re out! Regular viewers of this bl… Read More
2019-03-05 20:02
Ah, the joys of Spring. Hosts of waving daffodils, cheery birdsong – and a mini Budget update. If the country is to emerge from its collective wintry torpor then Mr. Hammond has to gro… Read More
2019-02-27 17:30
The mad hatters’ tea party must have finished early. The ‘guests’ are treating us to a revolting spectacle of Tory ministers leaning heavily on the Prime Minister, pressuri… Read More
2019-02-26 13:43
The latest belch of warm air from the government’s Climate Change Advisory Body claims that developers have been cheating on energy efficiency standards, resulting in owners paying ove… Read More
It’s Official – Osborne’s Outrageous Stamp Duty Hikes Are Costing The UK £1billion Per Annum!
2019-02-04 10:42
The ‘reasons’ underpinning the former Chancellor’s draconian hikes on Stamp Duty in the autumn Budget of 2014 are widely known. Now, we can see that the full devastating an… Read More
2019-01-31 18:00
The government has announced that it will trial ‘reservation agreements’ this year. Although this is an admirable move, it is not clear as to how these will work in practice. The… Read More
2019-01-16 14:19
Is the Commons defeat a sophisticated Machiavellian two-part strategy or a case of the Keystone Cops? It is difficult to fathom whether the unprecedented defeat in the Commons is part of a M… Read More
2018-12-17 12:55
This has been an interesting year for residential property. While certain value ranges have experienced reasonable activity, others have been dormant. The reality is that Brexit has not had… Read More
2018-12-05 15:50
As you have probably realised by now, I am an incorrigible, unbridled and unashamed Brexiteer, who is grateful to the British populace for voting to release this great nation from the pernic… Read More
2018-11-28 13:19
Let me start by saying that my dislike for the corrupt, bloated, unaccountable, inefficient bureaucracy of Europe is deep-seated and visceral. I mean, what could possibly go wrong with an un… Read More
2018-11-15 09:35
According to the press, Westminster Council is considering a ban on the building of supersized homes. Is this a prudent planning measure or is the council suffering from a bad dose of the &l&hell…Read More
2018-11-13 19:12
After two tortuous years of clowning around in the Brussels three ring circus, we finally have a deal. And not just any deal. It’s a deal that our former European partners can agree to… Read More
2018-11-06 16:26
Ever since Magna Carta, the judiciary has reigned supreme. This is by common consent and has protected the sacred notion of democracy for over 800 years. Nothing or no one should ever superc… Read More
2018-10-31 12:29
Received wisdom is that the Cold War ended in the early 80s, when Ronald Reagan announced his Strategic Defensive Initiative (SDI, Star Wars Initiative). It was a quantum leap in nuclear def… Read More
2018-10-29 19:30
There were few Tax changes in today’s Budget, in respect of SDLT, for the Residential Property Market. Of the few measures put forward, was the £500million for the Housing Infras… Read More
2018-10-24 14:17
Dear Chancellor, I know you have some competing issues to consider at the moment, not least of which is finding the resources to meet ‘Maybots’ NHS largesse of £20billion… Read More
2018-10-19 10:16
The top priority for the government is to increase the housing supply for the UK. We build approximately one third of the new homes that we require to sustain ourselves and any measures by t… Read More
2018-10-11 09:54
If I may, I’d like to address all those 20-40 year old ‘Labour voting groupies’ who are ‘gooey eyed’, naïve, liberal minded idealists, who, thanks to other… Read More
2018-10-02 15:05
Whilst it is a laudable aim to raise a few hundred million pounds for homeless people, at this critical time for the country, when you want to encourage inward investment, why stick up a not… Read More
2018-09-26 08:16
Forget Eggs and Bacon, its Bratwurst and ‘Sour-Kraut’ for breakfast, lunch and dinner! According to the Governor of the Bank of England, a ‘no deal’ Brexit will manif… Read More
2018-09-24 14:52
I’m all for certain necessary regulation, whereby orderly business is carried out with a high degree of integrity and due diligence, but often there is a disconnect between over zealou… Read More
2018-08-15 13:40
If you speak to any layperson, who is selling, they will talk to you about their fears that if their property is on the market for too long, it will go ‘stale’. It is a real sour… Read More
2018-08-06 17:51
There is much talk today, in the press, about the consequences of a ‘no deal’ on Brexit, even Dr. Liam Fox has put it down to a 60/40 chance. The Governor of the Bank of England… Read More
2018-07-30 12:36
Breaking news! With the unprecedented hot summer this year, there will undoubtedly be an avalanche of subsidence claims so, insurance companies look out, there could be a tsunami coming your… Read More
2018-07-03 15:15
In the first two quarters of last year, trading for us, was positively awful in all price ranges, so much so, that we thought our phones had been ‘cut off’ by our competitors and… Read More
2018-06-22 07:08
You would think that common sense would prevail, when sellers or landlords are pitching their asking price in a challenging market wouldn’t you? If only it did. Vendors or landlords of… Read More
2018-06-18 12:23
Our bloodshot eyes and runny noses should tell us that the great British summer festival is in full bloom and we are on the eve of one of its iconic events, Wimbledon, which is the cherished… Read More
2018-06-05 13:54
How can you effectively rein-in Mr. Putin? ‘Tweaking the tails’ of his Russian cronies will not do the trick, since there is only one way. The Russian Trade Delegation Compound i… Read More
2018-06-01 08:30
Here we are, as a nation, trying our best to recover our economic growth, without having the benefit of the usual stimulants which helped us so profoundly after the ‘crash’ of 20… Read More
2018-05-01 13:50
The archetypical image of a ‘perfect President’ is that they should be an elegant, fragrant person, married to an ‘American apple pie wife’ ,to reflect family values… Read More
2018-04-19 11:01
The TV drama ‘The Split’ is airing shortly. Here’s the low down on how divorce affects estate agents… Of the three ‘D’s’ (death, divorce and debt)… Read More
2018-04-10 14:27
It looks as though the rental market, at the higher end, has gone completely ‘nuts’. The reason being that, believe it or not, we are presently trying to find a suitable super, l… Read More
2018-03-19 16:43
In a ‘bearish’ property market there are usually more properties available than there are buyers to purchase them and the negotiating power favours the purchaser rather than the… Read More
2018-03-01 18:02
Even intelligent observers of the Residential Property Market, particularly in London, are being fooled into believing that Brexit and its uncertainty, is responsible for the slump in activi… Read More
2018-02-26 11:30
It is perfectly true that property taxes in the UK, when taken as a whole (i.e. Council Tax, Stamp Duty, ATEDS, Capital Gains, Inheritance Tax etc.) are probably one of the highest in the wo… Read More
2018-02-20 11:47
There is now a perceptible mood change with buyers in the middle to upper sector of the Residential Property Market in London. As we all know, last year was a mixed bag of blessings and curs… Read More
2018-02-19 12:35
I have to say that the present febrile hysteria about moral rectitude may have gone quite mad. The shameful, rush to judgment by the PM, MPs, charities and the Press in the Presidents Club d… Read More
2018-01-03 14:55
You would think that the process of selecting a buyer for a particular property is important. You would also think that an appointment for them to inspect the property, is crucial. But, how… Read More
2017-12-13 15:53
We all know the reasons why the former Chancellor imposed those draconian hikes on Stamp Duty charges in the autumn Budget of 2014 and we can now see the full devastating and distorting effe… Read More
2017-12-05 15:27
Trevor Abrahmsohn, Founder and Managing Director of Glentree International, gives his predictions for 2018, covering topics including inflation, the Pound, the stock market, property, UK pol… Read More
2017-11-22 17:25
The abolition of Stamp Duty for first time buyers up to £300,000 is a very good initiative, however, whilst it is a very welcome £5000 gift for these vulnerable groups, it never… Read More
2017-11-08 16:48
The ‘broken housing market’ must be the biggest issue not only for the Chancellor but for the government and for the Country at large. There is much talk about reducing Stamp Dut… Read More
2017-11-02 15:11
For the first time in 10 years, Mark Carney and his ‘merry men’ at the Bank of England have decided to put Interest Rates up to ½%, which is where they were before the Ref… Read More
2017-11-01 13:59
Three years ago there were more Russians that you could ‘shake a stick at’ hoovering up a plethora of prime properties in London, with gay abandon. We not only thought ‘the… Read More
2017-10-25 14:49
It appears that Prime Minister May and The Secretary of State for Communities and Local Government, Sajid Javid, are clearly ‘on the march’ in trying to fix the ‘broken&rsq&hell…Read More
2017-10-17 16:34
Here is another fabulous vignette of a somewhat alternative negotiating technique and probably the finest I have seen in my lifetime. Let me set the scene for you. My vendor client, Mr. Inst… Read More
2017-10-03 13:38
In 2022, or earlier, we could be looking down the barrel of a quasi-Marxist government, if the Tories don’t get their ‘act together’ and start to look like a cohesive gover… Read More
2017-09-13 19:17
Here is the scene; I set up a ‘summit’ meeting (my particular speciality) for the sale of two super luxury penthouses, in a landmark development overlooking the City of Lond… Read More
2017-09-07 12:58
About seven years ago a sales representative from one of the two major portals came to me and asked for a 50% increase in our yearly tariff. I was so horrified at the audacity of this propos… Read More
2017-08-16 11:54
Although I was not born in Britain, I am very proud and privileged to have lived and worked in this country for many years and I get so irritated by the ‘Remainers’ who cannot ge… Read More
2017-07-26 19:59
I must confess that I do appal the ‘clanking fist’ of government when it interferes in markets and where usually the ‘cure is worst than the curse’. However, the scan… Read More
2017-07-19 11:08
The only real benefit of the foolhardy Non Dom tax changes, instituted in the Autumn Statement of 2014 and exacerbated by the Referendum/Brexit result, is the emergence of the ‘uber te… Read More
2017-07-17 11:05
Halleluiah, there has been more activity in the last eight weeks in the London Property Market, than in the past two years. After all the negative effects of the Stamp Duty hikes, Non Dom ch… Read More
2017-06-22 20:09
The Lettings Industry is the ‘whipping boy’ of the government. Before you look around there is another new fangled regulation, or change of legislation, to burden this besieged i… Read More
2017-06-09 20:19
I’m afraid it was the battle of the manifestoes and Disney triumphed over reality! I thought that the British electorate would see through the thinly veiled Labour Manifesto as the mod… Read More
2017-05-24 08:00
The press has mooted the idea of Capital Gains Tax on ones PPR above £5million and usually in these circumstances there is no ‘smoke without fire’. Were this ‘fool ha… Read More
2017-05-15 16:37
We all know that a number of years ago, the former Chancellor Osborne hiked Stamp Duty (SDLT) rates for properties above £900,000 and this has now caused a DIY recession in the London… Read More
2017-04-18 15:53
Well, ‘the lady is for turning’ after all! Following today’s announcement that there will be a June Election, undoubtedly there will be a degree of uncertainty until the re… Read More
2017-03-20 12:11
1. John Major the incorrigible dinosaur…how do we shut him up? What is this old political ‘war horse’ doing pontificating on our TV screens and the press about a second re… Read More
2017-03-13 13:27
What a pity Chancellor Hammond did not consult more widely on the National Insurance Contribution (NIC) ‘grab’ in the recent Budget. The truth is that the employed pay 3% more in… Read More
2017-03-09 09:39
It was evident that Chancellor Hammond wanted to get rid of the Spring Budget since, for instance, its absence of anything to assist the housing market, was very noticeable. There was a gold… Read More
2017-03-02 15:09
Mr Hammond, Sir, a multiplicity of businesses and property owners are suffering from the ineptitude of your predecessor and his ‘shock and awe’ SDLT hikes which have served to gr… Read More
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