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.
Back British Farming: Celebrating a Decade of Support
Today marks ten years of Back British Farming Day—a milestone that highlights a decade of unwavering public support and growing awareness of the importance of British agriculture.
Back British Farming: Celebrating a Decade of Support
Renters' Reform Bill Returns To The Commons
Earlier this week, the Renters’ Reform Bill returned to the House of Commons for consideration of the proposed amendments put forward by the House of Lords.
Renters' Reform Bill Returns To The Commons
Richard Greasby Runs Another Ultra Marathon - Running In a Land Of Fire & Ice
There was a certain inevitability that soon after my double marathon in the Atlas Mountains in 2024 that I would be open to another challenge whilst legs, health and my wonderfully supportive wife Carol allowed. This has all followed a growing, but unplanned, running adventure since 2019 with 14 ultra marathons and over 6000 training miles (including 100-ish half-marathon training runs). Needless to say, my physio is seeing more of me than ever!
Iceland Ultra Marathon
Then & Now - Can you spot who is who?
We’ve dug into the archives and asked our team to share a photo of themselves from their younger years. Can you match the childhood faces to our team members?
The Team - A Blast from the past
