View more on these topics

Foreign property owners now liable for CGT

The Government has confirmed it will introduce capital gains tax for foreign property owners.

Delivering the Autumn Statement last week, Chancellor George Osborne said foreign investors who do not reside in the UK will have to pay capital gains tax on future gains on UK residential properties from April 2015.

The current rates for capital gains tax are 18 per cent or 28 per cent, depending on your income tax rate, with the tax levied on profits made when reselling all but your main residence. 

Osborne said: “Britain is an open country that welcomes investment from all over the world, including investment in residential property. But it is not right that those who live in this country pay capital gains tax when they sell a home that is not their main residence, but those who don’t live here do not.

“That is unfair, so from April 2015 we will introduce capital gains tax on future gains made by non-residents who sell residential property here in the UK.”


OneSavings Bank in float rumours

OneSavings Bank, the bank created out of a rescue deal for Kent Reliance Building Society, is rumoured to be preparing to float on the stock market next year. The lender has reportedly begun talks with investment banks about a listing during 2014. A spokeswoman for OneSavings says: “I can confirm that OneSavings Bank is reviewing […]


Media Spotlight: Power Trip by Damian McBride

Damian McBride is a former spin doctor to Gordon Brown who came out of the political shadows in 2010 when an email discussion he was involved in about the disseminating of fictitious rumours about Conservative politicians’ private lives was published. As a result he resigned from his position within Government. His book Power Trip: A […]


Boulger: EU mortgage directive is ‘lazy and uneducated’

Earlier this week MEPs passed the EU Mortgage Directive, which has been about 10 years in the making and addresses a non-existent problem as far as the UK is concerned. The concept is based on the EU principle of harmonising everything – in this case mortgage regulation – in all 28 member states. However, one […]

MS Leader

MS Leader: Govt stamps out hopes

Sadly it came as no surprise last week that the Chancellor George Osborne failed to tackle stamp duty land tax in his Autumn Statement. For years, brokers, lenders and the mortgage industry as a whole have watched on frustrated as one Government after another has failed to get a proper handle on the impact it […]

Apple: a stellar technology story

By Ali Unwin, head of technology sector research

Apple recently announced the highest-ever recorded quarterly net profit ($18bn), with the sale of 74.4 million iPhones helping the company deliver $74.6bn of revenue for the quarter ending December 2014. These sales were largely driven by strong demand for the new iPhone 6 and iPhone 6 Plus. Highlights included Chinese iPhone sales doubling year-on-year and unit growth of 44% in the US — supposedly a well-penetrated market. Apple ended the quarter with $178bn in cash on its balance sheet, having generated a staggering $30bn in free cash flow during the quarter.

At Neptune, we have been long-term believers in the Apple story, and continue to hold the stock in a number of our portfolios based on the company’s long-term growth prospects. This is predicated on our belief that Apple has proved thus far that it can — unusually for a consumer electronics company — maintain high margins for a sustained period of time, even as adoption of new technology slows down and competitors produce similar-specification products.


News and expert analysis straight to your inbox

Sign up