First time property

Rightmove reports that asking prices have risen for the second consecutive month, with the most significant increases observed in London. I'm struggling to process this news.

www.rightmove.co.uk

The Institute for Fiscal Studies is urging the government to ease the pressure on landlords. They suggest several measures: "Lower the stamp duty surcharge (or even better, eliminate it), remove the limitations on mortgage interest relief, and overhaul the capital gains tax to apply only to actual increases in value." However, the IFS shouldn't expect these changes to happen anytime soon.

It's time to stamp on a tax that penalises landlords and renters | Institute for Fiscal Studies Stamp duty land tax, the tax paid on the purchase of a property, is among our worst and most damaging taxes.