Development Tax and Retirement Homes
Life expectancy and working age has been on the rise for the last 30 years in the UK. While policy seems to be focussed on helping first time buyers access the housing market, evidence suggests that we are failing to plan effectively for the older members of our society.
The government do seem to be floating some ideas to help, for instance making pensioners exempt from stamp duty when downsizing to smaller homes, and we anticipate more relevant announcements in the Autumn Statement next week.
