Tag: Capital Gains Tax
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CGT Cut Too Small to Tempt Landlords to Sell, Says Expert
In the recent Budget announcement, Chancellor Jeremy Hunt introduced a reduction in Capital Gains Tax (CGT) from 28% to 24% for higher-rate taxpayers, a move aimed at encouraging property sales among landlords. However, Jo Eccles, head of the London-based buying and selling agency Eccord, believes this tax relief is too minor to motivate landlords to…
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Housing Market Sales and Enquiries Climb
The UK’s housing market is buzzing with activity, showcasing signs of recovery and optimism. According to the latest report from the Royal Institution of Chartered Surveyors (RICS), the property sector is experiencing an upward trajectory in house sales, buoyed by a resurgence in buyer interest and an increase in new listings. Buyer Enthusiasm and Market…
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Dream Home in France – A Guide to Avoiding Common Pitfalls
Moving to France is a dream for many, thanks to its easy access, beautiful landscapes, and surprisingly affordable properties. However, the journey to owning a piece of this paradise can be fraught with obstacles, especially when navigating a nation known for its intricate bureaucracy. Whether you’re buying or relocating, The Telegraph had a guide to…
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Big Changes for Short Let Landlords – Lower Taxes vs. Stricter Rules
After the Spring Budget, landlords are facing a mixed bag of changes that could significantly impact their investment strategies. Jeremy Hunt has introduced a new set of rules that will see the capital gains tax on properties cut by 4 percentage points, while simultaneously axing the beneficial ‘furnished holiday lets’ regime. This one-two punch leaves…
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Budget Blow or Boon for Home Seekers?
Chancellor Jeremy Hunt recently unfurled a duo of decisive policies within the latest Budget announcement, sparking widespread debate on their potential impact on the UK housing market. Aimed squarely at bolstering the availability of homes for renters and first-time buyers, these measures signal a significant shift in the government’s approach to the property sector. But…
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Time’s Up for Second Home Owners? Chancellor’s Latest Move Shakes the Market
In the Spring Budget, Jeremy Hunt has introduced sweeping tax reforms aimed squarely at second home owners. With a clear intention to favour first-time buyers and alleviate the housing crisis, these changes could mark the end of the lucrative second home era. But is this really the curtain call for property investment in Britain, or…
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UK Landlords Brace for Impact – Major Tax Changes Announced in 2024 Budget
Jeremy Hunt has unveiled a significant shake-up of property-related taxes in the latest Spring Budget. The overhaul aims to streamline tax rates and remove certain reliefs, promising to stir the pot in the real estate market. Here’s a breakdown of what these changes mean for landlords, investors, and the average UK resident looking for a…
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Stamp Duty Change Could Impact BTR Investment
Chancellor Jeremy Hunt’s recent budget announcement could introduce a major shake-up for the build-to-rent market. At the heart of the controversy is the abolition of Multiple Dwellings Relief (MDR) on stamp duty, a decision that has sparked a wave of concern among investors, legal experts, and housing associations alike. A Surprising Pivot While the Chancellor’s…
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UK House Prices Almost Back to 2022 Peak After Consecutive Rises
The UK’s housing market has shown impressive resilience, with house prices nearing the peak levels of June 2022 after experiencing the fifth consecutive monthly increase. According to the latest figures from Halifax, the average UK house price in February was a mere £1,800 short of the peak, showing a 0.4% rise for the month. This…
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Good News for Landlords as Mortgage Rates Hit a New Low
The latest data from Moneyfactscompare.co.uk reveals a dip in fixed rates for both two-year and five-year BTL mortgage terms. For the first time in over a year, landlords are witnessing a significant drop in the rates for fixed buy-to-let mortgages. If we’re talking numbers, the average fixed rates across both two-year and five-year terms are…