Stuart Trow

England

Wealth Columnist at Freelance

Stuart Trow, columnist, writer and personal financial coach

Articles

London Rents Surge. Why Are Landlords Miserable?

6 days ago | bloomberg.com | Marcus Ashworth |Stuart Trow

LONDON, ENGLAND - FEBRUARY 04: 'For Sale' and 'To Let' signs stand outside a housing estate on February 04, 2025 in South London, England. Financial analysts are predicting that interest rates will be cut when the Bank of England delivers its next interest rate decision on February 6, making borrowing cheaper for British households. (Photo by Dan Kitwood/Getty Images)(Bloomberg Opinion) -- Something weird is happening to the London property market.
UK Boomers Need Tax Breaks to Downsize Houses: Ashworth & Trow

4 weeks ago | news.bloomberglaw.com | Marcus Ashworth |Stuart Trow

The easiest way of avoiding a transaction tax is not to transact. So one of the few things we can say with any great certainty about April 1’s stamp duty increase, as the UK’s property purchase levy is known, is that it will likely reduce the number of property transactions. The levy will now be imposed on all properties from as low as £125,000 ($162,000), halving from £250,000.
UK Boomers Need Tax Breaks to Downsize Their Houses

4 weeks ago | bloomberg.com | Marcus Ashworth |Stuart Trow

The government should incentivize older homeowners to move down the property ladder. The easiest way of avoiding a transaction tax is not to transact. So one of the few things we can say with any great certainty about April 1’s stamp duty increase, as the UK’s property purchase levy is known, is that it will likely reduce the number of property transactions. The levy will now be now imposed on all properties from as low as £125,000 ($162,000), halving from £250,000.
UK Boomers Need Tax Breaks to Downsize Houses: Ashworth & Trow

4 weeks ago | news.bloombergtax.com | Marcus Ashworth |Stuart Trow

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UK Pensions: Use It or Lose It, When It Comes to Retirement Savings

2 months ago | bloomberg.com | Marcus Ashworth |Stuart Trow

Rachel Reeves’ tax plans will provide a tailwind for annuities sellers. Chancellor Rachel Reeves has profoundly altered the UK’s pensions landscape. Starting in April 2027, any retirement savings not spent in a person’s lifetime will form part of their taxable estate, largelysubject to the 40% inheritance tax. That’s in addition to the income tax most people already pay when drawing down their pension.
Use It or Lose It, When It Comes to UK Retirement Savings

2 months ago | flipboard.com | Marcus Ashworth |Stuart Trow

UK snow maps show exact date '10cm per hour' storm will hit – just 2 areas sparedNew weather maps show 10cm of snow falling per hour in the UK soon - with only two parts of the country spared. Forecast data from WXCharts shows a …
Reeves Is Running Out of Time Against the Status Quo

2 months ago | bloomberg.com | Stuart Trow

There's still plenty that can be done to promote growth but the window for action is already closing. Traditionally, a new government is judged by the platform it establishes during its first 100 days in power. In that respect, the UK’s Labour government was already out of time when Chancellor of the Exchequer Rachel Reeves presented October’s underwhelming budget. Fortunately for all concerned, Milton Friedman, the late Nobel Laureate, and his wife Rose have offered a chance at redemption.
Labour Errs Badly by Discouraging Pension Savings

Dec 9, 2024 | bloomberg.com | Stuart Trow

Why save for retirement when you’re headed for just another tax hit? Labour’s recent budget profoundly altered the UK’s pension landscape, but the full significance of its impact has yet to be recognized. Before Chancellor of the Exchequer Rachel Reeves cracked down, the government was effectively providing generous tax breaks (of up to 45%) to enable the wealthy to salt away millions into their pensions, which could then be passed onto their heirs entirely free of inheritance tax (IHT).
UK Savers, Landlords Start to Feel Labour Heat: Ashworth & Trow

Nov 3, 2024 | news.bloombergtax.com | Marcus Ashworth |Stuart Trow

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UK Budget: Savers, Landlords Are Only Starting to Feel Labour’s Heat

Nov 3, 2024 | bloomberg.com | Marcus Ashworth |Stuart Trow

Taxes will likely keep rising on Britons’ and their assets. Chancellor of the Exchequer Rachel Reeves resisted the pressure from her own party for onerous wealth taxes in her first budget, as she focused revenue raising on business. Nevertheless, her shakeup of the UK fiscal landscape will still have profound implications, not only for the super wealthy but for the merely affluent.