Private Letting Relief Will be Axed

For those that don’t know, here is how politics works…. Private Letting Relief Will be Axed The government puts out in a series of “half leaks” that it is looking at eliminating or cutting the amount of buy to let mortgage and other loan interest and fees that a landlord can offset against rent. This is what they are doing now – and […]

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Why British Citizens Are Second Class Citizens for Capital Gains Tax

David Lawrenson, of property consultancy www.LettingFocus.com says British citizens are being treated like second class citizens when it comes to property tax. If you were following the recent mini statement from Chancellor George Osborne last week you will have heard how overseas investors in our residential property markets will now have to pay capital gains tax – just like they […]

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Housing Benefit and Local Housing Allowance Are Cut and CGT Rises in the Budget

So who wins and who loses from the emergency budget? Well, the trouble with the budget is that lots of the details are in the hard to get (and even harder to digest) documents that come out after the Chancellor has sat down.) But back at the desk and catching up, it seems clear that one winner could be the […]

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Buy to Let Mortgage Rates, Institutions and the PRS and a Word On CGT

A few months ago there was a ray of hope that the historically high margins that mortgage companies want to charge buy to let mortgage borrowers could be coming down. Readers of this column will know that back in November last year, for a 75% loan to value buy to let mortgage, you could get a reversionary (or “go to” […]

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