Money Tips Daily by Charles Kelly, former IFA and author of

By Charles Kelly Business CoachBusiness

Money Tips Daily by Charles Kelly, former IFA and author of episodes

September 26, 2024 When Will Bank of England Interest Rate Fall?
In this Money Tips Podcast:
Inflation has fallen from 11% to 2.2% yet the Bank of
England base interest rate remained at 5%.
Energy prices will rise by 10% in October – time to fix your
deal.
“Painful budget” could see higher capital gains (CGT) and
inheritance (IHT) taxes, the end of the single persons council tax discount and
a possible wealth tax.
Section 24 landlord
tax forcing landlords to rethink buy-to-let, but the is a solution.
Protect your assets.
Watch video version - https://youtu.be/Tq1P2UbYp4A
Labour Hint Of Wealth Tax, Higher Inheritance and Capital
Gains Taxes And “Painful” October Budget
Concerns over potential tax hikes, as the Labour Party hints
at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even
introduce a wealth tax, are already causing an exodus of the rich.
Watch full video version - https://youtu.be/P0WTdbIAuks
How will Labour’s new Renters Rights Bill 2024 affect
buy-to-let landlords?
The Labour Party’s Renters' Rights Bill 2024 is poised to
bring significant changes to the UK’s rental market, impacting both tenants and
buy-to-let landlords. Understanding these changes is crucial for landlords to
navigate the evolving landscape effectively.
Watch video version - https://youtu.be/Wx1HXgVW1bM
Section 24
Landlord Tax Hike
Interview with Chartered Accountant and property tax
specialist who reveals options and solutions to move your properties from your
own name into a limited company or LLP whilst mitigating the potential HMRC
pitfalls.
Email [email protected]
for a free consultation on how to deal with Section 24.
Watch video now: https://youtu.be/aMuGs_ek17s

#finance
#moneytraining #moneymanagement #wealth #money #marketing #sales #debt
#leverage #property #investment #Homeownership #financialplanning
#moneymanagement #financialfreedom #section24tax
#financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife
#UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment
#LandlordChallenges #RentControl #PropertyStandards #UKProperty
#PropertyInvestment #RentToRent #JointVenture #NoMoneyDown #PropertySourcing
#CharlesKellyMoneyTips #FinancialFreedom #PropertyDeals
14 min
September 26, 2024 When Will Bank of England Interest Rate Fall?
In this Money Tips Podcast:
Inflation has fallen from 11% to 2.2% yet the Bank of
England base interest rate remained at 5%.
Energy prices will rise by 10% in October – time to fix your
deal.
“Painful budget” could see higher capital gains (CGT) and
inheritance (IHT) taxes, the end of the single persons council tax discount and
a possible wealth tax.
Section 24 landlord
tax forcing landlords to rethink buy-to-let, but the is a solution.
Protect your assets.
Watch video version - https://youtu.be/Tq1P2UbYp4A
Labour Hint Of Wealth Tax, Higher Inheritance and Capital
Gains Taxes And “Painful” October Budget
Concerns over potential tax hikes, as the Labour Party hints
at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even
introduce a wealth tax, are already causing an exodus of the rich.
Watch full video version - https://youtu.be/P0WTdbIAuks
How will Labour’s new Renters Rights Bill 2024 affect
buy-to-let landlords?
The Labour Party’s Renters' Rights Bill 2024 is poised to
bring significant changes to the UK’s rental market, impacting both tenants and
buy-to-let landlords. Understanding these changes is crucial for landlords to
navigate the evolving landscape effectively.
Watch video version - https://youtu.be/Wx1HXgVW1bM
Section 24
Landlord Tax Hike
Interview with Chartered Accountant and property tax
specialist who reveals options and solutions to move your properties from your
own name into a limited company or LLP whilst mitigating the potential HMRC
pitfalls.
Email [email protected]
for a free consultation on how to deal with Section 24.
Watch video now: https://youtu.be/aMuGs_ek17s

#finance
#moneytraining #moneymanagement #wealth #money #marketing #sales #debt
#leverage #property #investment #Homeownership #financialplanning
#moneymanagement #financialfreedom #section24tax
#financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife
#UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment
#LandlordChallenges #RentControl #PropertyStandards #UKProperty
#PropertyInvestment #RentToRent #JointVenture #NoMoneyDown #PropertySourcing
#CharlesKellyMoneyTips #FinancialFreedom #PropertyDeals
14 min
September 20, 2024 500,000 Millionaires Will Leave UK Says Swiss Bank Wealth Report
As Labour warn of a “painful” budget and a “broken” economy, the wealthy are leaving the UK or making plans to relocate to lower tax countries.
The Swiss bank, UBS, predicts it its latest Global Wealth
Report that 500,000 millionaires will leave the UK by 2028, a 17% fall.
Watch video version - https://youtu.be/P3AaRyeqZfA
The FT said the UK will lose the most millionaires among the
countries covered by UBS due to a combination of threatened ‘non-dom’ taxation,
higher taxes and Russian sanctions, which has also seen billions flow out of
the country.
UBS’s report estimates that $83.5tn of wealth would be transferred within
the next 20 to 25 years.
This puts in doubt London's position as a haven for the
global elite, currently a haven for the third highest number of dollar
millionaires after the US and China.
At the same time, low growth and high taxes and regulation
is moving global investment to countries where the see more opportunity in
Asia, North and South America and Africa, according to the media tycoon Sir Martin
Sorrell.
Taiwan has seen the highest growth of millionaires largely
due to high tech growth businesses in the microchip sector.
Labour Hint Of Wealth Tax, Higher Inheritance and Capital
Gains Taxes And “Painful” October Budget
Concerns over potential tax hikes, as the Labour Party hints
at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even
introduce a wealth tax, are already causing an exodus of the rich.
Watch full video version - https://youtu.be/P0WTdbIAuks
How will Labour’s new Renters Rights Bill 2024 affect
buy-to-let landlords?
The Labour Party’s Renters' Rights Bill 2024 is poised to
bring significant changes to the UK’s rental market, impacting both tenants and
buy-to-let landlords. Understanding these changes is crucial for landlords to
navigate the evolving landscape effectively.
Watch video version - https://youtu.be/Wx1HXgVW1bM
Section 24
Landlord Tax Hike
Interview with Chartered Accountant and property tax
specialist who reveals options and solutions to move your properties from your
own name into a limited company or LLP whilst mitigating the potential HMRC
pitfalls.
Email [email protected]
for a free consultation on how to deal with Section 24.
Watch video now: https://youtu.be/aMuGs_ek17s
#finance
#moneytraining #moneymanagement #wealth #money #marketing #sales #debt
#leverage #property #investment #Homeownership #financialplanning
#moneymanagement #financialfreedom #section24tax
#financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife
#UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment
#LandlordChallenges #RentControl #PropertyStandards
12 min
September 20, 2024 500,000 Millionaires Will Leave UK Says Swiss Bank Wealth Report
As Labour warn of a “painful” budget and a “broken” economy, the wealthy are leaving the UK or making plans to relocate to lower tax countries.
The Swiss bank, UBS, predicts it its latest Global Wealth
Report that 500,000 millionaires will leave the UK by 2028, a 17% fall.
Watch video version - https://youtu.be/P3AaRyeqZfA
The FT said the UK will lose the most millionaires among the
countries covered by UBS due to a combination of threatened ‘non-dom’ taxation,
higher taxes and Russian sanctions, which has also seen billions flow out of
the country.
UBS’s report estimates that $83.5tn of wealth would be transferred within
the next 20 to 25 years.
This puts in doubt London's position as a haven for the
global elite, currently a haven for the third highest number of dollar
millionaires after the US and China.
At the same time, low growth and high taxes and regulation
is moving global investment to countries where the see more opportunity in
Asia, North and South America and Africa, according to the media tycoon Sir Martin
Sorrell.
Taiwan has seen the highest growth of millionaires largely
due to high tech growth businesses in the microchip sector.
Labour Hint Of Wealth Tax, Higher Inheritance and Capital
Gains Taxes And “Painful” October Budget
Concerns over potential tax hikes, as the Labour Party hints
at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even
introduce a wealth tax, are already causing an exodus of the rich.
Watch full video version - https://youtu.be/P0WTdbIAuks
How will Labour’s new Renters Rights Bill 2024 affect
buy-to-let landlords?
The Labour Party’s Renters' Rights Bill 2024 is poised to
bring significant changes to the UK’s rental market, impacting both tenants and
buy-to-let landlords. Understanding these changes is crucial for landlords to
navigate the evolving landscape effectively.
Watch video version - https://youtu.be/Wx1HXgVW1bM
Section 24
Landlord Tax Hike
Interview with Chartered Accountant and property tax
specialist who reveals options and solutions to move your properties from your
own name into a limited company or LLP whilst mitigating the potential HMRC
pitfalls.
Email [email protected]
for a free consultation on how to deal with Section 24.
Watch video now: https://youtu.be/aMuGs_ek17s
#finance
#moneytraining #moneymanagement #wealth #money #marketing #sales #debt
#leverage #property #investment #Homeownership #financialplanning
#moneymanagement #financialfreedom #section24tax
#financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife
#UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment
#LandlordChallenges #RentControl #PropertyStandards
12 min
September 15, 2024 Game Changing Renter’s Rights Bill Explained - What Landlords And Tenants Should Know As New Government Bill Introduced To Parliament
Game-Changing Renter’s Rights Bill Explained - What
Landlords And Tenants Should Know As New Government Bill Introduced To Parliament
Prime Minister Sir Kier Starmer presented the Renters Rights
Bill to Parliament on Wednesday during PM Questions.
The Bill appears to be a rebrand of the Conservatives
Renters Reform Bill which failed to become law before Rishi Sunak’s disastrous snap
election.
I would urge you to read to Bill or at least the ‘Guide’
published here: https://www.gov.uk/government/publications/guide-to-the-renters-rights-bill/82ffc7fb-64b0-4af5-a72e-c24701a5f12a
Many landlords are retiring, considering their options or
selling up after years of landlord bashing, red tape and higher taxes under
Section 24.
Less new landlords are entering the market in such great
numbers due to higher mortgage rates, stricter lending criteria and lower yields
on but-to-let properties as prices have risen much faster than rents.
The Renters' Rights Bill 2024 signals a major shift in the
dynamics of the private rental market. While these changes aim to protect
tenants and ensure fair practices, buy-to-let landlords will need to adapt to
new regulations and potentially alter their investment strategies. Smaller landlords
could be pushed out by corporates and hedge funds looking to build or buy thousands
of properties for rental.
Section 24
Landlord Tax Hike
Interview with Chartered Accountant and property tax
specialist who reveals options and solutions to move your properties from your
own name into a limited company or LLP whilst mitigating the potential HMRC
pitfalls.
Email [email protected]
for a free consultation on how to deal with Section 24.
Watch video now: https://youtu.be/aMuGs_ek17s
#finance
#moneytraining #moneymanagement #wealth #money #marketing #sales #debt
#leverage #property #investment #Homeownership #financialplanning
#moneymanagement #financialfreedom #section24tax
#financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife
#UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment
#LandlordChallenges #RentControl #PropertyStandards #rentersrightsbill
#rentersreform
39 min
September 06, 2024 Labour Hint Of Wealth Tax, Higher Inheritance and Capital Gains Taxes In “Painful” October Budget
Prime Minister Sir Kier Starmer and Chancellor Rachel Reeves say “thing will get worse”, and refuse to rule out a “painful” October Budget.

Concerns over potential tax hikes, as the Labour Party hints at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even introduce a wealth tax, are already causing an exodus of the rich.

Watch full video version - https://youtu.be/P0WTdbIAuks

The prospect of higher taxes under a Labour government is
causing unease among property owners and investors alike.

Inheritance Tax is a particular area of concern, as Labour
has suggested that the current threshold could be lowered, increasing the tax
burden on estates. Currently, IHT is levied at 40% on estates worth over
£325,000, but this could change, leading to more families being caught in the
tax net.

Capital Gains Tax is also on Labour’s radar, with proposals
to align CGT rates more closely with income tax rates. This could see higher
earners paying significantly more on profits from property sales, stocks, and
other investments.

Additionally, Labour’s discussions around a potential wealth
tax are causing further anxiety. Such a tax would target the richest
individuals, potentially impacting those with significant property holdings,
investments, and savings.

As the political landscape evolves, investors and property
owners are advised to stay informed and consider their options carefully.
Whether you're thinking of selling, buying, or holding onto your assets,
understanding how these potential tax changes could affect you is crucial.

How will Labour’s new Renters Rights Bill 2024 affect
buy-to-let landlords?

The Labour Party’s Renters' Rights Bill 2024 is poised to
bring significant changes to the UK’s rental market, impacting both tenants and
buy-to-let landlords. Understanding these changes is crucial for landlords to
navigate the evolving landscape effectively.

Watch video version - https://youtu.be/Wx1HXgVW1bM

Section 24
Landlord Tax Hike

Interview with Chartered Accountant and property tax
specialist who reveals options and solutions to move your properties from your
own name into a limited company or LLP whilst mitigating the potential HMRC
pitfalls.

Email [email protected]
for a free consultation on how to deal with Section 24.

Watch video now: https://youtu.be/aMuGs_ek17s

For more insights into how to navigate these uncertain
times, keep an eye on market trends and consult with a financial advisor to
plan effectively for the future.

#PropertyMarket #TaxChanges #InheritanceTax #CapitalGainsTax
#WealthTax #LabourParty #UKProperty #FinancialPlanning #equityrelease
#section24tax #kierstarmer #finances #moneytraining

14 min
September 06, 2024 Labour Hint Of Wealth Tax, Higher Inheritance and Capital Gains Taxes In “Painful” October Budget
Prime Minister Sir Kier Starmer and Chancellor Rachel Reeves say “thing will get worse”, and refuse to rule out a “painful” October Budget.

Concerns over potential tax hikes, as the Labour Party hints at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even introduce a wealth tax, are already causing an exodus of the rich.

Watch full video version - https://youtu.be/P0WTdbIAuks

The prospect of higher taxes under a Labour government is
causing unease among property owners and investors alike.

Inheritance Tax is a particular area of concern, as Labour
has suggested that the current threshold could be lowered, increasing the tax
burden on estates. Currently, IHT is levied at 40% on estates worth over
£325,000, but this could change, leading to more families being caught in the
tax net.

Capital Gains Tax is also on Labour’s radar, with proposals
to align CGT rates more closely with income tax rates. This could see higher
earners paying significantly more on profits from property sales, stocks, and
other investments.

Additionally, Labour’s discussions around a potential wealth
tax are causing further anxiety. Such a tax would target the richest
individuals, potentially impacting those with significant property holdings,
investments, and savings.

As the political landscape evolves, investors and property
owners are advised to stay informed and consider their options carefully.
Whether you're thinking of selling, buying, or holding onto your assets,
understanding how these potential tax changes could affect you is crucial.

How will Labour’s new Renters Rights Bill 2024 affect
buy-to-let landlords?

The Labour Party’s Renters' Rights Bill 2024 is poised to
bring significant changes to the UK’s rental market, impacting both tenants and
buy-to-let landlords. Understanding these changes is crucial for landlords to
navigate the evolving landscape effectively.

Watch video version - https://youtu.be/Wx1HXgVW1bM

Section 24
Landlord Tax Hike

Interview with Chartered Accountant and property tax
specialist who reveals options and solutions to move your properties from your
own name into a limited company or LLP whilst mitigating the potential HMRC
pitfalls.

Email [email protected]
for a free consultation on how to deal with Section 24.

Watch video now: https://youtu.be/aMuGs_ek17s

For more insights into how to navigate these uncertain
times, keep an eye on market trends and consult with a financial advisor to
plan effectively for the future.

#PropertyMarket #TaxChanges #InheritanceTax #CapitalGainsTax
#WealthTax #LabourParty #UKProperty #FinancialPlanning #equityrelease
#section24tax #kierstarmer #finances #moneytraining

14 min
August 30, 2024 New Property Listings Rise 14% On Last Year As Labour Warns of Future Tax Increases
Prime Minister Kier Starmer says “thing will get worse”,
warning of a “painful” October Budget.

The UK property market is showing signs of resilience with a 14% increase in new property listings compared to last year. However, the optimism is being tempered by concerns over potential tax hikes as the Labour
Party hints at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even introduce a wealth tax.

The surge in property listings can be attributed to
homeowners looking to capitalize on the current market conditions before any potential tax changes come into effect. With interest rates remaining relatively low and demand for housing still strong, many are taking the
opportunity to sell. However, the prospect of higher taxes under a potential Labour government is causing unease among property owners and investors alike.

Inheritance Tax is a particular area of concern, as
Labour has suggested that the current threshold could be lowered, increasing the tax burden on estates. Currently, IHT is levied at 40% on estates worth over £325,000, but this could change, leading to more families being caught in
the tax net.

Capital Gains Tax is also on Labour’s radar, with
proposals to align CGT rates more closely with income tax rates. This could see
higher earners paying significantly more on profits from property sales,
stocks, and other investments.

Additionally, Labour’s discussions around a potential
wealth tax are causing further anxiety. Such a tax would target the richest
individuals, potentially impacting those with significant property holdings,
investments, and savings.

As the political landscape evolves, property owners are
advised to stay informed and consider their options carefully. Whether you're
thinking of selling, buying, or holding onto your assets, understanding how
these potential tax changes could affect you is crucial.

How will Labour’s new Renters Rights Bill 2024 affect
buy-to-let landlords?

The Labour Party’s Renters' Rights Bill 2024 is poised to
bring significant changes to the UK’s rental market, impacting both tenants and
buy-to-let landlords. Understanding these changes is crucial for landlords to
navigate the evolving landscape effectively.

Watch video version - https://youtu.be/Wx1HXgVW1bM

Section 24
Landlord Tax Hike
Interview with Chartered Accountant and property tax
specialist who reveals options and solutions to move your properties from your
own name into a limited company or LLP whilst mitigating the potential HMRC
pitfalls.

Email [email protected]
for a free consultation on how to deal with Section 24.

Watch video now: https://youtu.be/aMuGs_ek17s

For more insights into how to navigate these uncertain
times, keep an eye on market trends and consult with a financial advisor to
plan effectively for the future. #PropertyMarket #TaxChanges #InheritanceTax
#CapitalGainsTax #WealthTax #LabourParty #UKProperty #FinancialPlanning #equityrelease
#section24tax #kierstarmer #finances #moneytraining

14 min
August 30, 2024 New Property Listings Rise 14% On Last Year As Labour Warns of Future Tax Increases
Prime Minister Kier Starmer says “thing will get worse”,
warning of a “painful” October Budget.

The UK property market is showing signs of resilience with a 14% increase in new property listings compared to last year. However, the optimism is being tempered by concerns over potential tax hikes as the Labour
Party hints at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even introduce a wealth tax.

The surge in property listings can be attributed to
homeowners looking to capitalize on the current market conditions before any
potential tax changes come into effect. With interest rates remaining
relatively low and demand for housing still strong, many are taking the
opportunity to sell. However, the prospect of higher taxes under a potential
Labour government is causing unease among property owners and investors alike.

Inheritance Tax is a particular area of concern, as
Labour has suggested that the current threshold could be lowered, increasing
the tax burden on estates. Currently, IHT is levied at 40% on estates worth
over £325,000, but this could change, leading to more families being caught in
the tax net.

Capital Gains Tax is also on Labour’s radar, with
proposals to align CGT rates more closely with income tax rates. This could see
higher earners paying significantly more on profits from property sales,
stocks, and other investments.

Additionally, Labour’s discussions around a potential
wealth tax are causing further anxiety. Such a tax would target the richest
individuals, potentially impacting those with significant property holdings,
investments, and savings.

As the political landscape evolves, property owners are
advised to stay informed and consider their options carefully. Whether you're
thinking of selling, buying, or holding onto your assets, understanding how
these potential tax changes could affect you is crucial.

How will Labour’s new Renters Rights Bill 2024 affect
buy-to-let landlords?

The Labour Party’s Renters' Rights Bill 2024 is poised to
bring significant changes to the UK’s rental market, impacting both tenants and
buy-to-let landlords. Understanding these changes is crucial for landlords to
navigate the evolving landscape effectively.

Watch video version - https://youtu.be/Wx1HXgVW1bM

Section 24
Landlord Tax Hike
Interview with Chartered Accountant and property tax
specialist who reveals options and solutions to move your properties from your
own name into a limited company or LLP whilst mitigating the potential HMRC
pitfalls.

Email [email protected]
for a free consultation on how to deal with Section 24.

Watch video now: https://youtu.be/aMuGs_ek17s

For more insights into how to navigate these uncertain
times, keep an eye on market trends and consult with a financial advisor to
plan effectively for the future. #PropertyMarket #TaxChanges #InheritanceTax
#CapitalGainsTax #WealthTax #LabourParty #UKProperty #FinancialPlanning #equityrelease
#section24tax #kierstarmer #finances #moneytraining

14 min
August 23, 2024 New Property Buyer Enquiries Surge Following Mortgage Rate Cuts
Housing Market Bounces Back Following Interest Rate Cuts Rightmove Reports.
New buyer enquiries rise according to Rightmove and Zoopla, as mortgage rates fall.
Watch video podcast - https://youtu.be/HInDo9iT_7w
How will Labour’s new Renters Rights Bill 2024 affect
buy-to-let landlords?
The Labour Party’s Renters' Rights Bill 2024 is poised to
bring significant changes to the UK’s rental market, impacting both tenants and
buy-to-let landlords. Understanding these changes is crucial for landlords to
navigate the evolving landscape effectively.
Watch video version - https://youtu.be/Wx1HXgVW1bM
Section 24
Landlord Tax Hike
Interview with Chartered Accountant and property tax
specialist who reveals options and solutions to move your properties from your
own name into a limited company or LLP whilst mitigating the potential HMRC
pitfalls.
Email [email protected]
for a free consultation on how to deal with Section 24.
Watch video now: https://youtu.be/aMuGs_ek17s
3 Steps To Success Financial Freedom And Money
Management!
I want to take you to the next level, help you get control
of your money, learn how to invest and become financially free.
Join me online on my free live money management training
Wednesday at 7.00PM.
Places are limited, so register
now below to avoid disappointment.
https://bit.ly/3QPp8IH
#finance
#moneytraining #moneymanagement #wealth #money #marketing #sales #debt
#leverage
#finance
#moneytraining #moneymanagement #wealth #money #marketing #sales #debt
#leverage #property #investment #Homeownership #financialplanning
#moneymanagement #financialfreedom #section24tax
#financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife
#UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment
#LandlordChallenges #RentControl #PropertyStandards
12 min