Friday, April 24, 2009
Looks like high earners won’t be splashing the cash now Gordon’s budget has slapped up the tax
Estate agents are warning that the higher taxes introduced in this week’s Budget could increase the pressure on house prices, as buyers at the top end of the market decide to live elsewhere. Many buyers of multi- million pound properties earn enough to be hit by the higher rate of income tax from next year. Agents said this extra levy could lead to fewer people living and working in London and could reduce demand for properties in the prime market.