Last week, the UK finance minister laid out the new Labour Government's plans for the UK economy, covering tax and spending, as well as expected borrowing requirements. A number of the measures impact the real estate market (in both helpful and unwelcome ways), including various announcements around business rates, and confirmation that the government would be going ahead with a new form of investment vehicle (the so-called Reserved Investor Fund). There was also an update on the government's plans to change the tax treatment of carried interest.
The British Property Federation has published a helpful guide to the measures announced last week that are relevant to real estate which can be found here.
