Reform Warnings
Industry experts consider that stopping the taper relief may encourage short-term investments by buy to let landlords.
The pre-Budget report told of plans to start and 18% flat rate of Capital Gains Tax. This will increase from 10% to 18% for investors who sell after two years but this will drop from 24% to 18% if sold after ten years.
It is thought that this may encourage investors to turn over buy to let properties more quickly.
Overall it is good news to landlords as those thinking of selling may hold off, as their tax deal will be better after April.
Most landlords are in the market long-term hoping to use the profit from buy to let to supplement their pension
Buy To Let Property
Buy To Let Tips
|
