Chancellor Rachel Reeves emphasized Labour's commitment to avoiding austerity, addressing the £22 billion budget shortfall through targeted tax reforms and new investments.
Thomas Balashev noted that exempting buy-to-let properties from capital gains tax allows investors to remain confident, avoiding market disruptions that could harm local economies.
The budget includes capital gains tax increases but maintains lower rates for property to encourage investment, safeguarding working individuals from heavier tax burdens.
The stability of tax policies in the budget signals institutional investors' ongoing engagement in UK commercial real estate projects, vital for urban regeneration.
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