Hot Topic

Question 1

Base Rate?

Answer 1

5% - 4.75%
inflation rate? Target rate is 2% current 1.7%

Question 2

What is the rate of Tax for Capital Gains following the budget?

Answer 2

18% for basic rate taxpayers
24% for higher rate taxpayers

Question 3

IHT

Answer 3

Argicultural exemption upto £1,000,000 then 50% relief
Pension Pot will be included in Nil Rate Band waiting on further gudiance

Question 4

What changes are there to business rates following the budget?

Answer 4

Relief 75% to 40% HLT upto cash cap £110,000
UBR Frozen for small rates for 2 years
Standard UBR is 55.5p from 54.6p inline with CPI

Question 5

SDLT increase?

Answer 5

Introduced a lower 125-250% new band
2%- 5% for second houses
Lower to 450K to 300K first time buy

Question 6

UK Sanctions page?

Answer 6

Refer to the UK sactions list - e.g. Russia, Afghanistan, Sudan, and others

Question 7

AI hot topic?

Answer 7

AI wont take your job, but surveyors that adopt it will a competiative edge.

Large Language Model (LLM) - the output is only as good as the language put in, our indemity insurance wont allows us to.

Question 8

WHAT ARE THE YEILD IN NOTTINGHAM?

Answer 8

Industrial 7%
Office 8%
Retail 9%

Question 9

WHAT ARE THE RENTS IN NOTTINGHAM?

Answer 9

Industiral £75sqm
Office £120sqm
Retail £170sqm or £300ITZA