The UK’s largest, must attend event for private investors is back! February 23, 2022 Saturday the 19th March 2022 The Business Design Center, Islington Get your free ticket with code ‘CITYAM’ at checkout The UK’s largest investment show for private investors is back for 2022 and better than ever before. Join world leading entrepreneurs, investors and fund managers as they discuss today’s trends and tomorrow’s opportunities. Building on its [...]
Buy-to-let investors profit taking boosts CGT take to record level February 22, 2022 Buy-to-let investors taking profits on their properties has propelled capital gains tax (CGT) receipts to their highest ever level, revealed official figures published yesterday. The Treasury received 20 per cent more income from capital gains tax last year, with receipts climbing to £12.9bn from £10.8bn from the previous year, according to HMRC. A red hot [...]
HSBC profits double to £13.9bn as lender rebounds from pandemic slowdown February 22, 2022 HSBC has reported profits more than doubled last year as the lender recorded stellar growth across its divisions, driven by the release of expected credit losses stored up over the pandemic and a higher share of profits from the firm's associates.
£13bn in a year: Entrepreneurs selling businesses and assets cause capital gains tax bills to jump 20 per cent February 22, 2022 The UK’s Capital Gains Tax bills jumped 20 per cent from £10.8bn to a record high of £12.9bn in the past year, according to new research shared with City A.M. this afternoon. The increase is primarily due to a rise in tax on entrepreneurs selling businesses causing The value of capital gains in the UK [...]
Home transactions settle back to pre-Covid levels with ‘best sellers’ market in decades’ February 22, 2022 More than 85,000 homes changed hands in January, with property transactions up on pre-Covid averages, HMRC data has revealed. Official figures show that the provisional non-seasonally adjusted estimate of UK residential transactions for January 2022 was 85,520. This was 22.2 per cent lower than December 2021. There were seven per cent more transactions than the [...]
UK paid more tax on alcohol and cigarettes than stamp duty during the pandemic February 22, 2022 New analysis has revealed how the pandemic influenced tax growth across the UK, as HMRC received more from Alcohol and Tobacco duties during the 2020/21 tax year than they did for stamp duty. RIFT Tax Refunds’ data on the total receipts received by HMRC during the first full pandemic tax year of 2020 to 2021 [...]
Follow the money: Property market’s peak starts to push investors towards startups and small businesses February 22, 2022 Investment habits have changed rapidly over the last few years in the UK, with individuals leaning on investments to provide them with passive income. Property investing has been seen as a stable investment over the past decade. The UK housing market has registered substantial growth over the past few years, causing property investing to become [...]
Stock squeeze hindering buyers’ house hunts February 21, 2022 Nine in ten buyers have said a lack of houses on the market is hampering their property hunt. Buyers searching at the top end of the market have felt the impact of the stock crunch the most. Some 94 per cent of buyers with a budget of £1m and above reporting a lack of choice, [...]
Homebuyers flood back to London amid return to office February 21, 2022 Movers are flocking back to London as the spectre of the Covid-19 crisis over the capital’s housing market fades away, reveals fresh figures published today. The scrapping of restrictions on daily life to curb infections and the return to the office is driving homebuyers to put London back at the top of their desired locations. [...]
Week ahead: City braces for more bumper banker bonuses February 20, 2022 Investors are preparing to comb through the details of British high lenders’ results this week for any clues that higher interest rates are goosing their bottom lines. UK banks’ earning season has been underlined by a jump in bonuses for top deal makers which are expected to continue this week. Barclays, the last remaining British [...]