tomandlu Posted May 17, 2010 Report Share Posted May 17, 2010 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. Quote Link to post Share on other sites
VeryMeanReversion Posted May 17, 2010 Report Share Posted May 17, 2010 Can the BTL asset be transferred to the spouse and the value reset for future capital gains? VMR. Quote Link to post Share on other sites
plummet expert Posted May 17, 2010 Report Share Posted May 17, 2010 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? Quote Link to post Share on other sites
tim123 Posted May 17, 2010 Report Share Posted May 17, 2010 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 Quote Link to post Share on other sites
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