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HovelinHove

Is This Just Part One Of The Cgt Story?

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May have been suggested in other threads, but haven't seen it. Personally, I think the Chancellor got it right on CGT yesterday. If he'd introduced a rate of 40% to be effective from next April, he'd have been blamed for crashing the housing market. This way, however, he gets money from all those who are selling now. Some might even say this will cause the market to hold firm as BTL people will want to make more from the sale of properties, so hold out for extra cash, but what if those BTL investors got the idea in their head that the Tories and Libdems did a deal, and that the CGT rise is being secretly staggered? Osbourne surprised everyone by making it effective immediately, why couldn't he surprise everyone by introducing a higher rate next April, or even the April after? This way his personal chums who are in property now will have time to get out, while the rest will get shafted next year.

Just an idea, but one worth discussing with amateur landlords…wouldn't want them feeling too comfortable would we!

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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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