The BBC working lunch team ask is the buy-to-let party over?
This is in response to the likelihood that Capital Gains rates are likely to rise significantly from the current 18% to 40%.
Many landlords are unaware that there are many things that they can do to reduce their capital gains tax liabilities.
Another tips for landlords is that if they don't need to sell over the next five years. They should hold on to their residential investment. Then vote at the next general election after the public finances have been fixed for a party who promises to deliver a more balanced CGT regime.
Buy-to-let is a medium to long-term investment so taking the long view may pay off in our currently financially challenging environment.
Expert tax advice
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment