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tomandlu

Btl Recovering

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I read this in Saturday's Grauniad, and it confused the hell out of me... I see from the comments on the article, I'm not alone...

CGT on non-business assets such as buy-to-let is expected to jump from 18% to 40% when chancellor George Osborne unveils his emergency budget. Some landlord groups are predicting a "fire sale" of properties, but lenders are confident that, in the medium term, sales of buy-to-let mortgages will recover strongly.

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I read this in Saturday's Grauniad, and it confused the hell out of me... I see from the comments on the article, I'm not alone...

Lenders are bound to put out confident sounding press releases. What else can they do when every fact points to a HPC?

Rates must rise, employment must fall, public spending will be savagely cut, homes are grossly overvalued against the longterm average, people cannot afford rate increases, 43% of all UK mortgages are on interest only. Anything I missed?

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Can the BTL asset be transferred to the spouse and the value reset for future capital gains?

VMR.

No.

A transfer to a spouse is at "original" price.

tim

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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