Wealth Knowledge, September 2021

Stamp duty land tax holiday fuelled equity release spike
Homeowners released £1.17 billion of property wealth between April and June 2021, said the Equity Release Council (ERC). 
Tax savings on offer from the stamp duty holiday are thought to have spurred on over-55s to help their children get onto the property ladder. 

Wealth Knowledge, August 2021

Lower stamp duty land tax threshold in place until October
The stamp duty land tax-free threshold in England and Northern Ireland reduced last month, as the tax holiday introduced in July 2020 began to be phased out. 

Wealth Knowledge, July 2021

Home movers fuel spike in mortgage borrowing as prices rise
A record proportion of mortgage borrowing in the first three months of the year was fuelled by home movers as the ‘race for space’ hotted up. 
The Financial Conduct Authority said this group accounted for 42% of total mortgage lending – the highest proportion since records began in 2007. 

Wealth Knowledge, June 2021

UK homeowners borrowed a record £11.8 billion more on mortgages than they repaid in March 2021.
Figures from the Bank of England showed the net-borrowing level was the highest of any comparable month since records began in April 1993. 
The previous record of £10.4bn was set in October 2006. 

Wealth knowledge, May 2021

Cryptoasset investors have received further clarity on the tax treatment of their unregulated investments from HMRC. Bitcoin is by far the most well-known cryptoasset, although there are more than 1,000 others in existence. Last month, the value of one Bitcoin soared past $60,000 (roughly £43,383) for the first time after some high-profile companies adopted it as a payment method.