Black's Property Blog

Adrian Black delivers critical property market insights and the influences, behaviour and money driving them.

Blog entries tagged with: "mansion tax" - [remove filter]

High end property owners in West Prime Central London breathe a huge sigh of relief

High end property owners in West Prime Central London breathe a huge sigh of relief

by Adrian Black, Thursday 14 May 2015

Never has there been the degree of concern in west prime central London as existed before this General Election. The triple spectre of mansion tax, abolition of non-dom status and accelerated Annual Tax on Enveloped Dwellings “ATED” (which will probably continue) resulted in a large fall in both spend and transaction volumes. We estimate that half the money was sp

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Under 100 days to the general election on May 7th - the starting gun has fired - and nothing has happened...

Under 100 days to the general election on May 7th - the starting gun has fired - and nothing has happened...

by Adrian Black, Thursday 29 January 2015

The election will be upon us much sooner than we know. It’s really interesting that the 100 day countdown arrived this week - and there was virtually no interest.  I expect because there are no real stand-out polices that attract attention. In reality, the debate will focus heavily on the economy; the UK has a massive and growing deficit in absolute terms.  Already this y

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Is Mansion Tax going to morph to a tenant tax?

Is Mansion Tax going to morph to a tenant tax?

by Adrian Black, Thursday 22 January 2015

Just a simple observation that tenants pay council tax.  If the bands of council tax are changed or the amounts payable at each council tax band are increased then this will simply have the effect of increasing the cost of living for tenants.   Given that the number of people who let is expected to increase - this simply increases the cost of living for this constituenc

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As predicted, spend on London property has fallen sharply - perhaps by a half, possibly more

As predicted, spend on London property has fallen sharply - perhaps by a half, possibly more

by Adrian Black, Thursday 08 January 2015

The latest Land Registry information analysed for west prime central London property market shows a very sharp drop in spend on residential property in the area. In the graphic below contains data up to the first two weeks of November. I would not be surprised if the full November report when known showed spend in November 2014 at perhaps as low as a half – perhaps a third? of th

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Autumn Statement - more tax on London property

Autumn Statement - more tax on London property

by Adrian Black, Thursday 04 December 2014

As we predicted the tax take rates on London property is increasing and I also expect it will increase further - also the tax take from non-doms is increasing.   A 50% hike in the Annual Tax on Enveloped Dwellings was an easy target and one we expected as we have signalled before. Stamp duty rises on homes over roughly £1m are significant and accelerate as valu

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Mansion Tax is Really a Prime Central London Tax

Mansion Tax is Really a Prime Central London Tax

by Adrian Black, Monday 30 June 2014

Reporting of mansion tax and political focus continues.  I estimate with a broad back of the envelope calculation covering our focus areas (see below) that the total mansion tax payable in these focus areas will be roughly £400m per annum.  Given that the total mansion tax payable is estimated to be between £1.2bn and £2bn per annum (depending on whose

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Spend, volume and prices all up  - Q1 2014 versus Q1 2013

Spend, volume and prices all up - Q1 2014 versus Q1 2013

by Adrian Black, Monday 12 May 2014

Total spend estimated to be up £300m from £1.3bn to £1.6bn and an additional 80 transactions (from 820 to 900) in areas covered by London YOUeye based on our processing of land registry data. The areas covered in the analysis are Artesian Village, Bayswater, Belgravia,

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