12% has crippled the South East, prevented inward investment (even with a cheaper pound) and is damaging businesses, says top Chelsea estate agent Charles Curran.
In 1726 Daniel Defoe wrote, in the Political History of the Devil, “Things as certain as death and taxes, can be more firmly believed”. At this time, England was subject to the Window Tax (1696-1851). The larger the house, the more windows it had and consequently the more tax was paid. As a counter to the tax, windows were bricked up leading to darkness in many homes. The Sales market in July and August certainly felt as if a wave of darkness had fallen over Prime Central and Prime London but we are happy to report that September has brought a new level of enquiry and more properties to the market (we are launching 16 new instructions this month). SDLT remains however a key concern, and more so than BREXIT.