Investment

Treasury official demands ‘stablecoin’ legislation:

  Companies which are not authorised to offer 'stablecoins' , according to the U.S. Treasury for Domestic Finance, suggests they should be penalised under legislation imposed. This concern escalated after there was uproar in 2019 over a 'token' that potentially was used by millions to grow their crypto. This currency is "pegged" to the U.S. Dollar and should be protected to reduce the levels of corruption and for the industry to grow. The treasury demands the Congress to intervene and address the regulatory gaps. Addressing this issue will enable financial inclusion and U.

Property Consulting, Uncategorized

Tax corner: Considering the value of corporate-owned residential property

Annual Tax on Developed Dwellings (ATED) returns for properties - matching the criteria, owned between the April 1 2022 to March 31 2023 period is required to be filed by April 30 2022. It applies to properties whereby it is valued in excess of £500,000, that are owned by a company or within a corporate wrapper, furthermore if the value of the dwelling has increased in recent years and its market value is more than £500,000 by the end of March 2022. There are various reliefs from these returns:  Let to a third party on a commercial basis and isn’t, at any time, occupied

Investment

Ford investing billions in EV push:

Up to $20billion has been invested in electrical vehicles in order to increase the value of environment and boosted investor sentiment. The new plan also involves hiring engineers to work on niche concepts such as battery chemistry, AI and the software for electrical vehicles. This highlights the increase in the importance of software and digitalisation of the auto industry. As a result of the investment, the share worth increased by 2.7% for Ford. ____ Will you purchase the new EV's, if yes why? If no, why not?

Investment

Is the property industry ESG ready?

Environmental, Social and Governance (ESG) criteria are a set of standards for a company's operations, day to day, that socially aware investors use to check for potential investments. Investment is on the incline in the office sector but will the property industry be prepared to be compliant with the ESG criteria. However, the criteria is not standardised and may delay the current progress the industry needs post COVID. The industry needs to ensure that the information on and benefits of ESG are collected and disseminated by building owners and tenants. ______ Do you be

Investment

Caribou lands $3million to manage healthcare costs for clients:

In order to make healthcare insurance decisions easier, the fintech is currently collecting data to find the best possible deals and plans for the consumers. Caribou recently landed a $3 million funding round and is looking to significantly boost growth , by creating thousands of small to middle sized RIAs helping clients to save hundreds of thousands of dollars. Caribou, which was founded during the pandemic in 2020, now includes 12 employees working in locations around the world, including Europe and Africa. This team and funding will aid deliverance of efficient healthc

Property Consulting

Nearly 50,000 Buy-to-Let companies set up in 2021:

Last year, a record high of 47, 700 companies were set up across the UK according to Companies House data. This number is double that of 2017 when the news investors with properties under their personal could no longer claim interest. However, the rate growth between prior years had fallen, with their being a 14% increase from 2020-2021 whereas there was a 30% increase between 2019-2020. Buy-to-let companies currently hold a total of 583,000 mortgaged properties which accounts for approximately 30 percent of all buy-to-let mortgages across the UK. ____ What is the future

Investment

Terry Smith adds Google to Britain’s biggest investment fund:

The investing legend has bought shares in Google's owners, Alphabet for his Fundsmith Equity fund which adds to a total of £26bn. Smith now owns four of the five biggest technology companies in USA. He is able to add to his portfolio by monitoring the market falls and has since become a 'money - making machine'. Bringing in exponential revenues, forecasting a strong growth for 2022. _____ Will you be investing in these technology giants in 2022?

Investment

Boris pledges Brexit Freedoms Bill to propel U.K investment to No.1 for Business:

By pledging thus legislation he aims to make the UK more attractive for foreign investors and will allow the newest technologies to be available in the UK, as a result encouraging investment further. In addition, he suggested that increasing the national living wage and scrapping the taper rate on Universal Credit, also providing a £12 billion support package would aid people in coping with the current increase in rates. Advice that people should be looking towards high skilled jobs and therefore higher income in order to cope with the upcoming surge in prices.  

Property Consulting

Property tax revenue at record high:

Compares to 2020 values if property transfer tax (IMT), there has been an approximately 40% increase, highest since 2004. For the first time the IMT revenue has surpassed one million euros. This tax is levied on a purchase or sale of a property also when it is exchanged. It helps determine whether the taxable equity value of a property or the transaction amount is greater. —— Do you believe there is a beneficial party in this increase?  

Property Consulting

Profit accelerate in Property Group’s record year!

The U.K based sales and letting agents, Belvoir have had a good run for 2022. They have declared that their profits have already exceeded predictions for this, post signing for 2 large acquisitions. They have mentioned that they are continuing to work on their growth strategy and discern good investment opportunities. The additions from 2021, have led to almost a 40% increase in revenue. This meant that in comparison to other property firms, Belvoir was over 20% ahead of the pre-pandemic average. However, they have not disputed the fact that the market of 2022 will be incr