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Landlords selling up hits 10-year high as CGT TAX RAID looms
Manage episode 440651268 series 2478169
Rob talks about the alarming trend of landlords in London selling their properties, which has reached a 10-year high. This surge is largely attributed to the anticipated changes in capital gains tax, expected to be announced in the upcoming autumn budget. Rob delves into the broader implications of these potential tax hikes, including the impact on housing supply and rental prices, as well as the challenges posed by rising mortgage rates and energy efficiency regulations.
KEY TAKEAWAYS
- Landlords in London are selling properties at a 10-year high, largely due to anticipated changes in capital gains tax rates, which may increase significantly.
- The potential influx of properties for sale could flood the market, potentially suppressing property prices in the short term. However, this could lead to a decrease in rental property supply, driving rental prices higher.
- Despite claims of decreasing inflation, the reality is that many costs, such as fuel and food, have risen significantly, indicating that the economy is not as healthy as portrayed.
- The proposed tax changes and increased regulations, such as energy performance certificate requirements, could lead to higher rental prices, further trapping tenants in a difficult housing market.
- There is a need for government action to increase the supply of rental properties rather than imposing tax increases and regulations that could harm both landlords and tenants.
BEST MOMENTS
"London landlords selling up has hit a 10-year high... it seems highly likely that there are going to be changes to capital gains and the way that it is taxed."
"If demand remains the same... then your price will go higher. Then people that are renting are going to be even more trapped than they might already feel."
"The same government will then argue that they're trying to protect the renters... when really they're just lying out their ass."
"What we're hearing... the higher tax rate is going to increase from 20% to 45%. That's not good at all."
"We're basically in a scenario where it's no bueno. It's no good, as we say. And it's only going to get worse."
VALUABLE RESOURCES
GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOCIAL MEDIA/CONTACT US
https://linktr.ee/thepropertynomadspodcast
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
562 tập
Manage episode 440651268 series 2478169
Rob talks about the alarming trend of landlords in London selling their properties, which has reached a 10-year high. This surge is largely attributed to the anticipated changes in capital gains tax, expected to be announced in the upcoming autumn budget. Rob delves into the broader implications of these potential tax hikes, including the impact on housing supply and rental prices, as well as the challenges posed by rising mortgage rates and energy efficiency regulations.
KEY TAKEAWAYS
- Landlords in London are selling properties at a 10-year high, largely due to anticipated changes in capital gains tax rates, which may increase significantly.
- The potential influx of properties for sale could flood the market, potentially suppressing property prices in the short term. However, this could lead to a decrease in rental property supply, driving rental prices higher.
- Despite claims of decreasing inflation, the reality is that many costs, such as fuel and food, have risen significantly, indicating that the economy is not as healthy as portrayed.
- The proposed tax changes and increased regulations, such as energy performance certificate requirements, could lead to higher rental prices, further trapping tenants in a difficult housing market.
- There is a need for government action to increase the supply of rental properties rather than imposing tax increases and regulations that could harm both landlords and tenants.
BEST MOMENTS
"London landlords selling up has hit a 10-year high... it seems highly likely that there are going to be changes to capital gains and the way that it is taxed."
"If demand remains the same... then your price will go higher. Then people that are renting are going to be even more trapped than they might already feel."
"The same government will then argue that they're trying to protect the renters... when really they're just lying out their ass."
"What we're hearing... the higher tax rate is going to increase from 20% to 45%. That's not good at all."
"We're basically in a scenario where it's no bueno. It's no good, as we say. And it's only going to get worse."
VALUABLE RESOURCES
GET YOUR PROPERTY DEVELOPMENT FINANCE HERE:
https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration
SOCIAL MEDIA/CONTACT US
https://linktr.ee/thepropertynomadspodcast
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast
562 tập
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