AT A GLANCE
HIPs: To be abolished as both Conservatives and Liberal Democrats mentioned scrapping the Home Information Pack in their manifestos. HIP providers are lobbying for consultation and want a revised but still compulsory HIP.
Inheritance tax: The threshold will stay at £325,000 for now as the Conservatives have shelved plans to increase it to £1m.
Capital Gains Tax: This affects property investors and second home owners if they make a profit when they sell their property. It is now 18 per cent of the gain and there are fears it could rise to as high as 40 per cent.
Planning: The Conservatives want planning reform to make it easier for councils to grant permission but this may take time as they concentrate on other issues.
Greener homes: The Liberals propose green grants and Conservatives want to create financial incentives for homeowners to make their properties more energy efficient, but with a huge budget deficit there may not be money in the coffers for these measures.
Interest rates: These should stay low for at least another year and possibly beyond, according to Halifax chief economist Martin Ellis.
Mortgage lending: Will probably remain tight though there are more 90 per cent loan to value deals around. improve the energy efficiency of their properties.
The Tories also want a revised planning process and suggest abolishing planning inspectors’ powers to rewrite local plans; encouraging local authorities to compile infrastructure plans; giving local planning authorities a duty to co-operate across boundaries and allowing neighbours to prevent “garden grabbing”.
They also want to change useclasses to make it easier for buildings to be re-used.
But with the emphasis on getting the country out of debt, tackling property issues may be on the back burner.
Tim Waring, partner at Knight Frank, Harrogate, says: “HIPs are being abolished but I doubt that we’ll see a planning overhaul soon and I don’t think the Liberals’ plans for a mansion tax or VAT on all new housing will ever see the light of day.
“This coalition has more pressing issues to contend with.”
That is unless there is another election and the bookies say that there’s a 50/50 chance of that happening.