Editions by Evelyn Partners: Expected changes to the taxation of real estate in the UK and the US

On 30 October, the new Labour Government delivered its first Budget since 2010. Labour’s election platform was built on boosting economic stability and growth, whilst keeping taxes as low as possible. The Budget needed to balance raising taxes and spending cuts, alongside promoting a growth economy. In this recording we explore the impact of this Budget on the real estate sector.

In addition, the United States has been heading toward a significant tax policy debate since 2017, when major tax reform legislation introduced several temporary policies set to expire in 2025. With the presidential election being a tight contest, and the possibility of a contested result, the future tax environment remains highly uncertain. Both of the top presidential candidates have published varying levels of detail about their tax plans, while other tax bills have become stale in congress during the past two years without enactment into law.

Businesses can evaluate future actions by having a clearer understanding of the potential tax changes and their effect on operations and investment strategies. Proactively assessing the opportunities, risks, and challenges may create transparency in an uncertain environment.