Changes to way buy-to-let property will be taxed.
August 30, 2016
Significant amendments to the Finance Bill slipped in at committee stage set a disturbing precedent of avoiding proper consultation and scrutiny, the Law Society said recently.
The changes, which alter the way buy-to-let properties will be taxed, may result in profits from the sale of an investment property becoming liable for income tax rather than capital gains tax as at present, according to the Society.
The Finance Bill will go before the House of Commons for its report stage on 5 and 6 September.
Source of information from The Law Society Gazette, read the article in full here
You May Also Enjoy
Rightmove’s Weekly Mortgage Rates Tracker
Average rates for 2-year and 5-year fixed-rate mortgages Term Average rate Weekly change Yearly change 2-year fixed 4.51% +0.00% -0.37% 5-year fixed 4.55% +0.01% +0.01% Lowest rates for 2-year and 5-year fixed-rate mortgages Term Lowest rate Weekly change Yearly change 2-year fixed 3.77% +0.05% -0.07% 5-year fixed 3.97% +0.10% +0.29% Average…
Read More
Data and commentary from Rightmove on stamp duty reforms
Colleen Babcock, Rightmove’s property expert said: “We’ve been calling for stamp duty reform for some time now, as it’s a significant barrier for many people moving home. Abolishing it completely would remove one of the biggest barriers to moving, unlocking more moves at all stages of the property ladder. “Our data shows that only 5%…
Read More 
Second-time buyers dominate demand for longer term fixed mortgage deals
Second-time buyers are dominating demand for longer term fixed mortgage deals, fresh data from Moneyfacts Analyser can reveal. Of those looking for fixed term deals on moneyfactscompare.co.uk: Almost two-thirds (58%) of second-time buyers who compared mortgage deals using the moneyfactscompare.co.uk website were considering terms of three years or longer in the 30 days to 1…
Read More 
59% Increase in First Time Buyers in Summer 2025
The summer of 2025 saw a 59% increase in first-time buyers getting on the property ladder compared to the same period in 2024, according to a report by Compare My Move who surveyed users purchasing a house with a conveyancing solicitor. Average Percentage of First-Time Buyers Year Entire Year Summer Months 2024 66% …
Read More 
Breaking Property News 09/10/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Goodwin Advises Madison International Realty on Strategic GP Stake Investment in Matter Real Estate Goodwin’s Real Estate Industry team has advised Madison International Realty Holdings LLC (“MIR”) on its acquisition of a minority stake in Matter Real Estate LLP (“MRE”), a UK-based real estate investment manager with approximately…
Read More Living within 20 minutes of your local town centre could add £30,000 to your home’s value
The latest research from geo-location property platform, The Property DriveBuy, has found that homes within a 20-minute walk of their nearest town centre command a significant price premium, adding as much as £30,000 to property values. The Property DriveBuy analysed more than 24,000 homes currently listed for sale across England, comparing average asking prices for…
Read More