What changes could the Autumn Budget bring for landlords?

by Readers Question

9:46 AM, 23rd September 2024, 2 years ago 2

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Advice Budget Landlord News Landlord News Landlords Questions

Hi, I have a couple of BTL properties which I purchased/invested in as a result of redundancies etc. (won’t bore you with detail). However, I keep hearing rumours of significant impacts proposed on landlords by the new government, maybe at the Autumn budget such as aligning capital gains tax with income tax?

What do readers on Property118 think will be in the Autumn budget for landlords? Will any of it be positive for landlords?

Thanks,

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Tags: Autumn budget 2024, buy-to-let properties, Capital Gains Tax, government policy for landlords, housing market changes, income tax alignment, landlords uk, Property investment, rental property management

Comments

Tim Rogers

Member Since November 2017 - Comments: 263

10:41 AM, 23rd September 2024, About 2 years ago

I think the CGT alignment is a certainty, but I wouldn’t be surprised if Property CGT was made higher.

CGT on gains realised at death is likely, again with Property being singled out for special treatment.

Possible, but unlikely as it would hit labour perceived core voters, would be abolishing IHT but applying CGT across the board on all gains above £10,000. If this happened the rate of CHT would be interesting.

Possible, making trusts eligible for CGT on change of trustee, but difficult to implement apparently, ( I’m no tax expert).

Possible, introduction of tax on secondary mortgages. Possibly limited to additional property rather than non property business funding.

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Reluctant Landlord

Member Since September 2018 - Comments: 3538 - Articles: 5

3:04 PM, 23rd September 2024, About 2 years ago

CHAOS is what it will bring with the result of rental shortages. Carnage only to be increased when the RRB is passed…..

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