Sunday, October 14, 2007
BTL Receives Another Boost from NuLab.
NuLab continues to favour BTL. This time it's a reduction in Capital Gains Tax from 40% to 18%, thus having the CGT tax bill for most BTL's. Why ?. Longer term inverstors in industry are not surprisingly unhappy. To quote the leader of the British Chamber of Commerce, “People who buy and sell property will gain at the expense of genuine entrepreneurs".