Anticipated stability following the certainty of the Autumn Budget
Senior Partner
Keep up to date with the latest properties, rural business insights, market commentary and events:
Join mailing listIn the event, after much anticipation and speculation The Chancellor has announced little which will directly affect the Cotswolds residential property market.
Despite the fears of many, there have been no increases to CGT on second homes, and the only increase in SDLT on residential property has been in respect of second homes. This will be a consideration for the holiday let investors, as well as those who continue to enjoy the Cotswolds as their rural escape. Even this rise has in fact been lower than many anticipated, up by 2% to 5%.
Whilst Capital Gains Tax is to be increased with the lower rate going up from 10% to 18% and the higher rate up from 20% to 24%, the rates on residential property will remain at 18% and 24%, much to many landlords’ relief.
The proposed changes, effective from April 2026, to Agricultural Property Relief and Business Property Relief will have a direct impact on farm and estate owners. They will undoubtedly affect future succession and IHT planning, as well as potentially reducing the attractiveness of buying bare land to investors, who are driven by the APR/BPR benefits that have existed to date. Further detail is required to enable a full assessment of the impact of these particular changes.
In view of the impact that will undoubtedly be felt by the private school sector, as fees will become subject to VAT from January 2025, the Cotswolds should expect to see demand for property increase in areas around the state schools. The Cotswolds have a number of particularly good state secondary schools, including The Cotswold School in Bourton-on-the-Water and Campden School at Chipping Campden.
We anticipate the uncertainty that has been stalking the property market in recent months, in the lead up to this budget, will now have been dispelled, and this should encourage buyers and sellers to reactivate and commit to their next move.
Overall, the Autumn Budget should have set a steady foundation, restoring confidence in the Cotswold property market, which is well-positioned to navigate current conditions. The area’s natural beauty, desirable communities, and high demand for rural living make it resilient against rapid market fluctuations. This confidence is key for both buyers considering a long-term investment and sellers hoping to make the most of strong interest in the region.
For those who value lifestyle and heritage, the Cotswolds remains a lovely area in which to make ones home whilst offering a worthy and stable investment.
The Process Of Buying & Selling Your Home - A Solicitor's View
After making or accepting an offer, staying focused is crucial, as only two-thirds of sales reach completion. Familiar terms like "exchange," "completion," "protocol forms," and "enquiries" can be confusing, especially if it's been a while or if it's your first time. Here’s a concise breakdown to guide you through the process confidently.
The Process Of Buying & Selling Your Home
The Barnsley Village Festival
This year, we are delighted to sponsor the Barnsley Festival, which was established by one of Britain’s greatest gardeners, the late Rosemary Verey. The festival is cherished by thousands.
Local Happening's
Spring - Market Comment
The spring market has taken off as the sunshine arrives. There seems to be a positive sentiment in the market, despite the turbulent world economy.
Spring - Market Comment
‘Twelfth Night’ in Charlbury: Wednesday 11th June
The acclaimed theatre company, The Lord’s Chamberlain’s Men, is coming to Charlbury for an unforgettable night, presenting Shakespeare’s enchanting comedy, ‘Twelfth Night.
Local Happening's
