The latest insight from specialist property lending experts, Octane Capital , has revealed that 41% of landlords would like to see recent changes to capital gains tax allowances reversed, with the government’s meddling in the sector also the biggest concern, along with the increasing day to day cost of buy-to-let investment driven by the cost of living crisis.
The latest research by the nationwide buy-to-let specialist, Sequre Property Investment , has revealed that despite a string of government changes around stamp duty, tax relief and a potential change to capital gains tax, UK landlords remain undeterred where their investment intentions are concerned.
While changes to tax relief and a three per cent increase to the rate of stamp duty...
Research by lettings and estate agent, Beham and Reeves, has estimated that buy-to-let landlords and second homeowners could see the capital gains tax (CGT) owed if they choose to sell increase by as much as £24,000. That’s if recommendations by the Office of Tax Simplification to change the tax threshold are introduced.
CGT is tax paid on the profit of an item sold that has...
Buy-to-let landlords are nervously eying the planned hike to Capital Gains Tax (CGT), which would drastically increase the amount they’d have to pay if they sold up.
The research, by lettings and estate agent, Barrows and Forrester , found that nearly half (48%) of landlords are worried about the potential increase to CGT.
Those with investment property in Spain will now be faced with a significantly higher rate of Income Tax as a result of Brexit. In addition, they may lose their right to an exemption from Capital Gains Tax arising from the sale of a former home.
Spanish Income Tax
If you are a landlord of Spanish property, you will be paying some form of Income Tax.
