UK Autumn Budget 2017: Real Estate

Real estate was widely predicted to feature heavily in Philip Hammond’s second Budget and those predictions were proved correct as the Chancellor unveiled the government’s plan to “fix the broken housing market”. Comprising a number of measures representing a total £44 billion of support over the next five years, key parts of the government’s package included various financial incentives to boost investment in house building alongside regulatory changes to increase the land available for building. Inevitably, a number of tax measures were also announced. The main changes, some expected and some certainly not, are outlined in this alert.