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Category: Brits

  • Brits buying second homes in Spain set to be hit with 100% property tax

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    Investor Empires

    Spanish Prime Minister Pedro Sanchez has unveiled a controversial proposal that would burden non-EU property buyers who lack legal residency with taxes equivalent to the full purchase price of their new home. The move represents a new effort by Spain’s Socialist government to discourage speculation and ease pressure on a…

  • Over 4,000 Brits tucked into their tax return on Christmas Day

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    Investor Empires

    New figures from HMRC have revealed that more than 40,000 individuals found time between a turkey dinner and lodging their 2023-24 self-assessment tax return over the festive period. While many were eating leftover Christmas food or gathering around the television, 4,400 people submitted their returns online on Christmas Day itself.…

  • Brits brave storms to back small businesses, spending £634m on Small Business Saturday

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    Investor Empires

    Strong consumer solidarity prevailed on Saturday for small businesses despite stormy conditions sweeping the UK. According to new research from American Express, more than 10 million Britons shopped at independent retailers on December 7, braving the influence of Storm Darragh to pump an estimated £634 million into small businesses both…

  • Brits turn to ‘sweet treat economy’ for mood boosts amid economic challenges

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    Investor Empires

    Despite a blistering summer, high interest rates and looming tax rises, Britons are spending more on small luxuries such as pastries and cosmetics, a trend Barclaycard has dubbed the “confectionery economy”. According to Barclaycard, consumer spending on cards rose 1% in August after two months of decline, with nearly half…