Will mortgage rates fall? Your Budget questions answered

Quick Summary:

Chancellor Rachel Reeves has announced a raft of changes to taxes and spending in the Budget.

Inheritance tax is paid if an estate is valued at more than £325,000, but currently any money saved in a pension does not count towards this.

Analysis by property portal Zoopla suggests about 80% of first-time buyers currently pay no stamp duty, but this would now fall to about 60%.

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Article Details

Category: Business

Markets: United KingdomIreland

Topics: Rises Been Says Businesses Pension Fall Rates Budget Lump Chancellor Tax-free

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 19:48:23 (1 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 887 words

Reading Time: 5 minutes read

Sentences: 43 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 23342575

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 6 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 14 hours ago

Coverage Areas: United Kingdom

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Publication Timezone: GMT +0:00

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News Language: English

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Publisher ID: #43

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