Analysis

Government grants coronavirus extension to save sellers from stamp duty tax trap

Homeowners stuck in a property tax trap by coronavirus have been offered a reprieve by the Government. 

It has pushed back the deadline for additional stamp duty refunds for house sales that were delayed because of the property market freeze.

The extension will be a particular lifeline for people who had spent time building a new home for themselves before selling their old one.

The tax trap was inadvertently created by the property market being frozen. In April 2016, the Government introduced an extra 3pc stamp duty surcharge on properties purchased in addition to a main residence. Buyers could apply

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The lessons Britain’s restaurants can learn as Europe reopens

Analysts at Goldman Sachs have noted “tentative” signs of a recovery in Germany’s hospitality sector following a rebound in diners seated in restaurants and searches for holiday accommodation in the country.

According to data from online reservation platform OpenTable, restaurant bookings in Germany were up by almost a third on Monday this week compared with the same day a year earlier. Reservations also nudged up 0.3pc on the Sunday, sparking hopes of an early recovery for the hospitality sector.

The figures, however, should be taken with a pinch of salt. 

Many states in Germany have made reservations compulsory post-lockdown in

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Can anyone stop the Zoom boom?

It’s a question millions of people have been asking every day during lockdown: “Are you free to Zoom later?”

The video conferencing app has achieved every marketers dream, by rapidly entering common parlance just like “I’ll Google it” or “let me get an Uber”.

Even the less technologically savvy have become big users of its intuitive service.

Founded by chief executive Eric Yuan,  Zoom has done its name justice and soared in value in a remarkably short space of time. The videoconferencing app has been the big winner from lockdown. Its share price has trebled in value since the start

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British Airways warned it could lose Heathrow landing slots amid jobs row

British Airways could be stripped of prized landing slots at Heathrow airport because it is cutting staff while still taking advantage of the taxpayer-backed furlough scheme, a minister has suggested.

Officials will review whether they can intervene in slot allocations at ­Europe’s busiest airport as BA plans to slash 12,000 jobs, Kelly Tolhurst, the aviation minister, told MPs. Warnings of state intervention drew a sharp rebuke from the airline’s boss Alex Cruz. Addressing staff, he said: “Every slot lost will lead to jobs in BA being permanently lost.”

British Airways has benefited from state subsidies for the wages of thousands

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