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Call to change tax on bulk purchases

The British Property Federation has appealed to chancellor Alistair Darling ahead of the Budget this week to change the way Stamp Duty is levied when properties are bought in bulk.

Currently, bulk purchases are charged on the total price at 4%, the highest tax rate applicable. But individual properties are taxed at marginal rates which range from 0% to 4%. The trade body says this is a disincentive to investment.

In a letter to Darling, Liz Peace, chief executive of the BPF, states: “We would like to see bulk purchases of residential property taxed at the marginal rate applied to each unit, levelling the playing field between individual purchasers and those making larger scale investments.”


Get in shape for the better times ahead

It’s 12 months since I began working with clients across the professions involved in the mortgage and savings markets, and to say it’s been a revealing time would be as much an understatement as believing 12 months ago that we would now have a base rate of 0.5%.

Bluefin gets rid of Thinc brand

Bluefin Advisory Services last week disposed of the Thinc brand as it transferred Thinc Network Services and Thinc Assured Network to Sesame.

Pink adds May date to its course on selling cover

Pink Home Loans has added an extra date to its course on improving sales skills in the protection sector on May 14 in Lichfield. Bright Grey and Paymentshield are among the firms that will give presentations.

Tricky business of comparing eggs with eggs

How the other half lives. Last week I read about the UK’s most expensive house – 10 Belgrave Square, London SW1. A snip to you sir at just £100m, carpets and curtains not included.

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Health Shield announces strong results

Health Shield, a corporate health cash plan provider, has announced that it has increased gross annual premium income to more than £25m in another year of strong organic growth.


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