Capital Gains Tax
Much has been made of the detrimental effect that higher Capital Gains Tax will have on the buy-to-let market.
But if you are a long term investor, will it really make that much difference?
CGT was only reduced from these levels in 2008 – and the possibility of paying CGT at up to 40% didn’t deter investors before then.
Whatever the pessimists say, there are still more investors who believe in the long term value of buy-to-let and when you look at the alternatives, it isn't difficult to see why bricks and mortar retain their charm.
House prices are continuing to rise and mortgage completions saw a healthy increase in March according to the latest figures from the Council of Mortgage Lenders, with loans to first time buyers – traditionally the main competitors to landlords – up 27% on February.
Article Courtesy of Ross Quin @ Morgan Grey
