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Asia’s shrinking glaciers protect large populations from drought stress

first_imgAbout 800 million people depend in part on meltwater from the thousands of glaciers in the high mountains of Asia. Water stress makes this region vulnerable to drought, but glaciers are a uniquely drought-resilient source of water. Here I show that seasonal glacier meltwater is equivalent to the basic needs of 221 ± 59 million people, or most of the annual municipal and industrial needs of Pakistan, Afghanistan, Tajikistan, Turkmenistan, Uzbekistan and Kyrgyzstan. During drought summers, meltwater dominates water inputs to the upper Indus, Aral and Chu/Issyk-Kul river basins. This reduces the risk of social instability, conflict and sudden migrations triggered by water scarcity, which is already associated with the large, rapidly growing populations and hydro-economies of these basins. Regional meltwater production is, however, unsustainably high—at 1.6 times the balance rate—and is expected to increase in future decades before ultimately declining. These results update and reinforce a previous publication in Nature on this topic, which was retracted after an inadvertent error was discovered.last_img

Majority of buyers benefit from progressive stamp duty

first_imgSome 71 per cent of homebuyers in England and Wales will benefit from changes to the Stamp Duty Land Tax (SDLT) announced in the Autumn Statement, according to Nationwide.Nationwide said that 86 per cent of purchases in London and the South East would profit from the Government’s decision to abolish the slab structure on Stamp Duty tax.Homebuyers in London are set to be the biggest beneficiary of the change due to the fact that home prices are generally higher and thus a higher proportion of transactions are liable for stamp duty.Overall, it is estimated that 98 per cent of buyers will pay the same or less tax under the new system in which purchasers pay the marginal tax rate on the relevant elements of the purchase price. According to 2013/14 data from the Land Registry, homebuyers in England and Wales would save an average of £1,600.In fact, according to the latest H M Revenue & Customs Tax Receipts statistics released in recent days, the Chancellor’s reform of the SDLT regime is already having an impact on tax receipts. The figures show that following the changes, SDLT receipts in January 2015 were down £299 million month-on-month, and down £126 million compared to a year earlier.Robert Pullen, Personal Tax Manager at London Chartered Accountants Blick Rothenberg LLP, commented, “In the Autumn statement on 3rd December, the Chancellor announced that from 4th December the amount of SDLT charged on a transaction was to be calculated on a progressive basis, rather than a ‘cliff-edge’ system. A person buying a house for £300,000 on 3rd December would pay SDLT of £9,000, whilst someone buying the same house at the same price on 4th December would pay SDLT of £5,000, a saving of £4,000.”However, Pullen added, “Of course not all people have been made better off by these changes, with those purchasing houses over £937,500 being worse off, so for those people, this could instead be considered the first pre-election tax increase and was definitely not a tax break.”Meanwhile, the January Transaction Data from Land Registry shows that it completed over 1,319,660 applications from its customers in January. This includes 1,278,536 applications by account customers, of which 335,489 were applications in respect of registered land (dealings); 595,723 were applications to obtain an official copy of a register or title plan; 162,298 were searches and 93,018 were transactions for value.progressive_stamp_duty sdlt stamp_duty_land_tax February 24, 2015The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles 40% of tenants planning a move now that Covid has eased says Nationwide3rd May 2021 Letting agent fined £11,500 over unlicensed rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 Home » News » Majority of buyers benefit from progressive stamp duty previous nextRegulation & LawMajority of buyers benefit from progressive stamp dutyNew HM Revenue & Customs Tax Receipts statistics show that the Chancellor’s reform of the Stamp Duty Land Tax (SDLT) is having an impact on tax receipts.PROPERTYdrum24th February 20150583 Viewslast_img

Lavanda raises $5m investment to legitimise Airbnb-style rentals

first_imgLavanda, a technology platform enabling institutional real estate portfolios to profit legitimately from Airbnb-style homestays and homesharing, has secured a $5 million Series-A round led by Henley Ventures. The investment brings Justin Meissel, Henley CIO and MD Europe to Lavanda’s board with Harry Hill, founder of Rightmove, as non-executive director.Lavanda’s SaaS platform provides residential landlords and asset managers with a toolkit to execute high-yielding, hospitality-led short and medium term rental strategies uniformly across both domestic and international portfolios.A key feature of the platform is the flexibility that it offers customers; users can manage operations themselves, or tap into a curated marketplace of best-in-class local management companies operating within the Lavanda ecosystem.10,000 units are managed on the Lavanda platform and customers include some of the world’s best known real estate portfolios and managers – including JLL, Savills and LaSalle,.Justin Meissel, Henley CIO and MD Europe, said, “Lavanda legitimises and institutionalises short and medium-term rental options for commercial landlords, providing a best-in-class tech solution. As owners, operators and developers of over 10,000 residential units, Henley has first-hand exposure to the income uplift potential driven by Lavanda’s model. Henley Ventures is pleased to be supporting Lavanda and their top notch team as their business goes global.”Justin Meissel lananda technology platform Airbnb-style homestays and homesharing Lavanda’s SaaS platform Henley Ventures proptech harry hill November 12, 2019The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Lavanda raises $5m investment to legitimise Airbnb-style rentals previous nextProptechLavanda raises $5m investment to legitimise Airbnb-style rentalsThe Negotiator12th November 20190207 Viewslast_img

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