http://www.guardian.co.uk/business/2...market.renting
"A combination of tightening lending criteria and successive interest rate rises has started to hit the buy-to-let market, but with the drop in capital gains tax due in April, many landlords are resisting selling until spring," said Rics spokesman Jeremy Leaf.
My understanding was that effectively CGT is almost doubling after April, due to the removal of taper relief?
i.e. Old system 40% but with 75% reduction with taper relief leading to 10% tax
New system flat rate of 18%
What are these people talking about, waiting until after April?
Have they only held the BTL for 5 minutes?
"A combination of tightening lending criteria and successive interest rate rises has started to hit the buy-to-let market, but with the drop in capital gains tax due in April, many landlords are resisting selling until spring," said Rics spokesman Jeremy Leaf.
My understanding was that effectively CGT is almost doubling after April, due to the removal of taper relief?
i.e. Old system 40% but with 75% reduction with taper relief leading to 10% tax
New system flat rate of 18%
What are these people talking about, waiting until after April?
Have they only held the BTL for 5 minutes?
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