Taxation of property
The property outlook for 2024 is somewhat better than it was a year ago. Rents remain high, mortgage costs look like they will come down following the reduction in the rate of inflation to 3.9% (November 2023), and the recent extension of the mortgage guarantee scheme for a further 18 months to June 2025 will help support property prices at the lower end of the market. Although further regulation – in the form of the Renters Reform Bill – is on the cards, the government has backtracked over the introduction of energy performance targets for landlords.
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