Home Depot, Lowe’s: remodeling idles as big projects lag

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Property owners and investors could face substantially higher capital gains tax bills on inherited assets if proposed reforms are implemented, according to analysis from wealth manager Rathbones. The research examines two potential policy changes: removing the capital gains tax uplift on death and aligning CGT rates with income tax bands. The findings suggest beneficiaries could…

Federal Reserve policymakers voted to hold interest rates steady at the July meeting, with three Federal Open Market Committee members voting against that decision and urging an increase instead, the central bank announced Wednesday. In announcing the 9-3 vote Wednesday afternoon, the Fed released this statement: “The Committee decided to maintain the target range for…

A proposed government Your First Home scheme could more than double the number of new-build homes affordable to single first-time buyers in England, according to analysis by Rightmove. The property platform estimates that the number of currently available new-build homes within the reach of an average solo first-time buyer could rise by 114% under the…

Family Building Society has appointed Paul Ormonde as a business development director covering Central London. Ormonde has joined from Quantum Mortgages, a start up lender he helped launch in 2022. He started his career at the age of 19 in estate agency, rising through the ranks until he moved into mortgages some 10 years later….