Construction & Real Estate Community news

Highlights from the broader tax news for the week ending 10 June 2026, including the publication of detailed guidance on HMRC’s new advance tax certainty service.

A recent ICAEW event produces fascinating insights from industry experts on how the government can ensure its initiative to create seven new UK towns is put on a firm footing.

Labour’s mansion tax is expected to cost the Treasury more than a quarter of a billion pounds before a penny is raised. From 2028, homeowners will pay a surcharge on top of their council tax bill if the value of their property is £2m or more. The threat of this tax is estimated by Treasury Officials to lead to falls in property values resulting in a reduction of stamp duty and inheritance tax receipts of around £230m. Further costs for valuing and identifying properties estimated at £120m point to an overall cost of £350m for introducing this tax.

The Government has agreed to review the impact of its looming steel tariff crackdown after construction leaders warned it could derail projects and squeeze margins.

The latest national Business Confidence Monitor (BCM) shows that business sentiment was on course to move into positive territory in Q1 2026, but the outbreak of the Iran war had a dramatic impact in the final weeks of the survey period, with confidence deteriorating sharply. While businesses reported improved annual domestic sales and exports growth and easing input price inflation compared with Q4 2025, the war introduced significant downside risks to the outlook for the coming year.

The latest national Business Confidence Monitor (BCM) shows that business sentiment slipped deeper into negative territory amid uncertainty about the Budget and rising concern about both the tax burden and regulations. However, companies are optimistic that domestic sales and exports growth will improve over the next 12 months. The latest national Business Confidence Monitor (BCM) shows that business sentiment was on course to move into positive territory in Q1 2026, but the outbreak of the Iran war had a dramatic impact in the final weeks of the survey period, with confidence deteriorating sh...

Plagued by high costs, low confidence and regulatory issues, the UK construction industry is in a slump. Could the ambitious New Towns initiative put the sector back on track?

Topics include: AI, annual tax on enveloped dwellings, new towns and the Construction Industry Scheme.

An updated RICS Professional Standard revises the way that commercial property service charges are managed, with implications for accountants providing assurance to clients on the annual statement of service charge expenditure.

The latest national Business Confidence Monitor (BCM) shows that business sentiment was on course to move into positive territory in Q1 2026, but the outbreak of the Iran war had a dramatic impact in the final weeks of the survey period, with confidence deteriorating sharply. While businesses reported improved annual domestic sales and exports growth and easing input price inflation compared with Q4 2025, the war introduced significant downside risks to the outlook for the coming year.