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22 May 2020

A five-phase route map was released on 21 May, with a brief mention in Phase One about the safe reopening of the housing market. Read More...

Scottish Government to introduce additional changes to the property sector

21 May 2020

The Coronavirus (Scotland) No 2 Bill was passed on Wednesday 20 May and is likely to receive Royal Assent imminently. The Bill introduces new emergency measures and adds to the changes made by the Coronavirus (Scotland) Act 2020. Read More...

Propertymark puts forward suggestions for spring budget

Monday 10 February 2020

Suggestions have been sent to HM Treasury on new policy ideas for both estate and letting agents to be included in 2020’s Spring Budget.

HM Treasury invited interest groups, individuals and representative bodies to comment on government policy and/or suggest new policies for inclusion in the upcoming Budget.

Propertymark suggests that Government:

  • Make the retail discount for business rates available to estate agents
  • Exempt downsizers from stamp duty or give them incentives to encourage them to “right-size”
  • Raise the property value for Stamp Duty Land Tax (SDLT)
  • Abolish the three per cent surcharge on additional residential property and review landlord taxes
  • Legislate to ensure developers remedy leaseholders with onerous clauses
  • Introduce a digital logbook for every property bought and sold

Our full representation which includes comments on the impacts for the sector and revenue implications can be found below.

Spring budget representation

WHAT PROPERTYMARK IS DOING

Propertymark will continue to lobby and challenge decision-makers in the industry to make vital changes.

To view the work Propertymark has undergone when lobbying Government, view the NAEA Propertymark website below.

Lobbying