Today saw the Chancellor deliver his first Spending Review & Autumn Statement since the General Election and whilst we did not see anything near as radical as the Stamp Duty and Capital Gains Tax Reforms of last year, there were still a few items to note in terms of housing:
The Review targeted:
The latter will be certainly benefit anyone who has been left property as part of their estate which is a subject we have previously covered in our Probate Valuation blog.
In another announcement that slipped under the radar this week the Government firmed up its proposals to extend the Right to Buy to Housing Association tenants. The Right to Buy has already helped 2m families own their own home with the help of substantial discounts.
Peter Barry Surveyors regularly undertake valuations for both probate and Right to Buy. Please feel free to contact us if you would like to discuss any matters such as these or to arrange a valuation. Our Head Office number is 020 7183 2578 or alternatively you can send us an email.