Tax Hike ALERT: October Budget Insights
9:10 AM, 17th October 2024, 2 years ago
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Avoid these property tax traps in the October budget and safeguard your investments! As tax hikes loom, it’s crucial for property investors to stay informed and ahead of the curve.
In this video, Ranjan Bhattacharya delves into the potential implications of the upcoming budget changes on your property and business endeavors. Gain expert insights into:
- Proposed tax hikes and their impact on property and business
- Changes to council tax and how they might affect HMO landlords
- The potential alignment of capital gains and income tax rates
- Stamp Duty and Land Tax updates
Watch the video below
Tags:
Capital Gains Tax, HMO Landlords Council Tax Changes, October Budget Property Investors, Property investment, Property Tax Hikes 2024, Ranjan Bhattacharya Property Advice, UK Property Tax Updates
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Member Since February 2022 - Comments: 212
12:29 PM, 17th October 2024, About 2 years ago
Not sure I agree with his pension statement saying “the tax has got back sooner or later”. You pay no tax & NI on entry, no tax on the gain, and taxed on the way out but… on the way in if you are 40% or 45% then you are saving way more tax than on the way out when you are likely only needing 20% rate so the tax isn’t like for like. Most earn more before retirement then need less during retirement. Not saying i support a change here but its not “the tax has got back sooner or later”