At the meeting that ended on November 4, the Bank of England raised Bank Rate from 3.75 to 4.00% (8 votes to 1); the next decision is on December 17, 2026.
The alternative return and the mortgage rate in the UK are higher; savings rates do not change.
Capital gains tax in the tax year from April 6, 2026 is 18 and 24%, with a GBP 3,000 annual exempt amount. A non-resident pays a 2 point surcharge on stamp duty land tax, and a buyer of an additional home pays a further 5 points.
Tax on selling an apartment in the UK is 18 or 24% of the gain; a non-resident buying an additional home pays stamp duty 7 points above the base rates.
Finance Act 2026 has been enacted. From April 6, 2027 rental income and interest are taxed at 22, 42 and 47% instead of 20, 40 and 45%.
For UK residents, tax on rent and deposits is 2 points higher from April 6, 2027.
According to Deloitte, Budget 2026 sets rates of 24, 44 and 49% for savings and property income from April 6, 2027 instead of 22, 42 and 47%; they will be enacted by the Finance Bill 2026-27, which had not been published as of October 31.
Nothing yet; once the law is passed, deposits and bonds from 24 to 49%.