Cat Ransacks House In Manchester

A cat caused £1,000 worth of damage after ransacking a house in Greater Manchester earlier in the month. The owners, who feared they were being burgled, rushed downstairs to find that a cat had broken in. It smashed ornaments, a bottle of champagne and damaged the blinds.  The cat even managed to ruin the television by spilling water from an upturned vase. Fortunately, the accounting records were spared.

Advantages of Setting Up A Limited Company

Many contractors are posed with the question of setting up as a Limited Company or Sole Trader. We highlight the key advantages in our hot topics section this month.

French President To Introduce 75% Tax Rate and Tax On Second Homes

French president Francois Hollande is proposing to increase the top rate of tax in France to 75% for individuals earning over €1m. He is also looking to tax second homes in a move which will affect British home owners. 

It is anticipated that French high earners will leave the country to escape the new taxes and many could flock to the UK which is seen as a relative tax haven in Europe. George Osborne’s latest proposal to reduce the higher rate of income tax from 50% to 45% is attractive in comparison to France. 

Estate agents and surveyors have already noticed increased activity from French individuals looking to buy property in the UK. The influx of French and Greek citizens is likely to put upward pressure on house prices in central London.