Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

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