Unsettled property investors across Scotland are facing an unexpected capital gains pitfall because of a little-known stealth tax change. Tax experts at one of Scotland’s accountancy firms have warned that many face trouble as they rethink their holdings, while unaware that the timeframe to pa
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Scotland has recorded ten high-value fraud cases during the first half of 2021, as logistical challenges for the country’s justice system begin to ease. The latest data from KPMG’s Fraud Barometer report reveals ten cases of alleged fraud took place, valued at over £2.5 million, in
Lismore Real Estate Advisors’ quarterly review of the Scottish investment market has pointed to more positive times ahead as transaction volumes in quarter two increased by 71% since quarter one, with circa £300 million traded. However, the review has found that activity still remains so
UK house prices rose 1.3% month-on-month in May, which lifted the annual rate of increase to a near seven-year high of 9.5%, according to the latest Halifax House Price Index.
Alistair McAlinden, managing director and head of the hospitality and leisure sector team for Interpath Advisory in Scotland discusses how operators across the hospitality sector in Scotland should beware of financial pitfalls as they fully reopen. With Scottish pubs and restaurants welcoming c
The UK is a more important growth prospect to global CEOs now than it was pre-Brexit, according to PwC’s 24th Annual CEO Survey. The survey of more than 5,000 CEOs globally, carried out in January this year, reveals that 11% of global CEOs selected the UK as a top 3 growth target, up from 9% i
The Alison Rose Review into Female Entrepreneurship (Rose Review), published in March 2019, demonstrated that up to £250 billion of new value could be added to the UK economy if women started and scaled new businesses at the same rate as UK men.
Scotland’s private equity deal activity struggled in 2020 as uncertainty and public health restrictions dampened investor appetite north of the border, according to the latest data from KPMG. The data reveals there were just 23 mid-market transactions involving private equity investors in Scot
Ahead of the 2021 Scottish Parliament election, CBI Scotland is calling on all parties to put the economy front and centre of the debate as we look to build back better from the pandemic and chart a successful path for Scotland’s economic future. Launching its Holyrood 2021 manifesto, CBI Scot
KPMG UK has published its annual results for the financial year ended 30 September 2020 reporting a resilient performance, despite COVID-19 challenges. Despite the pandemic’s impact on seven months of the firm’s financial year, revenue decreased by just 4% from £2.4 billion to
The final quarter of 2020 saw consumer confidence in Scotland fall by a further two percentage points, to -18%, as the country headed into the New Year under fresh lockdown restrictions, according to the latest Deloitte Consumer Tracker. With the exception of personal finances, all other measures of
Finance secretary Kate Forbes did not announce any changes to income tax rates and bands in the coming year after she set out the Scottish Government's budget plans yesterday. Ms Forbes said that in light of the current coronavirus pandemic, it is vital that the Scottish Government continues to supp
Finance secretary Kate Forbes has called on the Chancellor to guarantee further support for businesses impacted by the coronavirus pandemic ahead of the UK Government’s budget. Writing ahead of the Scottish Budget, Ms Forbes has urged the Chancellor to extend the furlough scheme beyond April a
The impact of the coronavirus pandemic on the global economy has shifted investor priorities and is expected to have a significant impact on UK Financial Services Firms’ investment plans over the coming year, according to EY’s latest UK Attractiveness analysis for financial services.
Scottish business organisations have responded to Chancellor Rishi Sunak's Spending Review statement, with some calling the announcement "disappointing". The chancellor announced that public sector pay will be frozen with the exception of NHS staff and those earning under £24,000. He also anno
