Registered with Property118.comMonday 30th March 2015
"The current rates of CGT will remain for residential property and carried interest."
This seem to suggest that residential property will remain at the normal rates Does anyone know if this is the case as I have a sale going through right now. And I can easily delay it till next year and save myself 8%.... Read More
Reply to the comment left by "Costas Tzanos" at "15/12/2015 - 09:07":
clause 24 affects you weather you are buying or not. just if you have a mortgage.
the SDT change only affects you if you buy, yes it's going to have an effect, but it's less damaging on the whole I think.... Read More
Reply to the comment left by "Puzzler " at "08/12/2015 - 08:17":
not claimed back, but yes I believe there is relief on it.
So if you don't make enough of a gain, then you are paying the extra no matter what.... Read More
Reply to the comment left by "Appalled Landlord" at "10/12/2015 - 15:12":
Don't forget that all other benefits that are means tested will disappear as well.... Read More
Reply to the comment left by "Karen Archer" at "08/12/2015 - 23:30":
Karen, the huge risk is that many unaware landlords risk having huge tax bills because of Clause 24.
Hence they need to make sure that the rent covers the mortgage plus 20% for the tax.
Thank god that they thought about the stability of the BTL market before they went and added huge amounts of tax for having a buy to let.... Read More