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Despite weeks of speculation, the Chancellor’s speech contained no changes to Stamp Duty and, disappointingly, no announcement on LHA rates , which remain frozen. However, Rachel Reeves, MP, has pushed ahead with plans for a ‘mansion tax’ on properties worth over £2 million, an increase in property income tax, and increases to the National Minimum Wage.
The British Institute of Innkeeping (BII) launched the Panel to give publicans reliable, specialist support on property and valuation matters. Advisors are selected only after demonstrating rigorous professional standards, deep sector expertise, and a strong track record, and we are delighted that three Propertymark members have been appointed to this national panel.
Propertymark audit visits are receiving excellent feedback and giving firms greater confidence in their compliance processes—challenging the perception that audits are designed to catch agents out. Increasingly, members use the visits as a practical check on how daily procedures work and to identify improvements early.
Propertymark shared member survey data to illustrate the challenges faced by agents when the UK Government requested evidence on how the UK Money Laundering Regulations could be improved. Ministers have listened, and regulations expected to take effect in early 2026 will have sensible changes to Customer Due Diligence and improve access to compliant business banking services for agencies.