Saturday, May 29, 2010
The HPC begins?
Homes are flooding on to the property market and shares are being dumped by worried investors who hope to dodge the Government's controversial plans to hike Capital Gains Tax. The country's biggest estate agency group, Countrywide, said the number of homes put up for sale in the past week was 34 per cent higher than the week before and 68 per cent higher than this time last year. Investment experts believe plans to increase the tax on profits made on 'buy to let' properties and share portfolios are a key element of the great rush to sell.