Spears Indices

Property Index

The sharpest-suited estate agents out there are of questionable virtue, and although the recession has flushed the worst of them out — taking the industry headcount down from 80,000 to 50,000 — a little guidance is always welcome. Click here for the full list.

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Q

In this new anti-tax-avoidance era, when so many tax reliefs have been withdrawn, I've heard that investing in a Business Property Renovation Allowance scheme is one of the few remaining good opportunities for maxing your tax position. Is it true that you can get up to 100 per cent tax relief on the amount invested? And what exactly are these schemes? How do they work? What are the upsides? Downsides?

A

In this climate, it is a relief to see one potentially attractive tax allowance come through unscathed from recent criticism

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