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
60% of homeowners admit to stress & sleepless nights
Managing your mortgage and mental health as 60% of homeowners admit to stress and sleepless nights The latest insight from award-winning mortgage adviser, Alexander Hall, has shown that for the majority of homeowners, their mortgage is their single largest financial worry, with 60% stating that their mortgage worries have impacted their mental health at one…
Read More Improve Tenant Satisfaction with Expert Commercial Property Management
In the world of commercial real estate, tenant satisfaction can make or break a property’s success. Happy tenants are more likely to renew leases, recommend the property to others, and take better care of the premises. However, achieving and maintaining tenant satisfaction requires more than just a well-maintained building—it takes expertise, communication, and a strategic…
Read More Attic bedrooms can boost the price of a home by a quarter
Latest research from Nationwide reveals how home improvements can boost property prices in 2025 Analysis based on Nationwide’s HPI data shows extensions or loft conversions with a bedroom can increase value by up to 24% But kitchen and bathroom renovations most popular improvements amongst homeowners in last five years 34% made green improvements, such as…
Read More Prime London sellers exit the market
Prime London sellers exit the market, as high-end for sale stock falls in Q3 The latest look at prime London property supply from Jefferies London has shown that the volume of homes priced at £2m or more listed for sale across the capital fell by 4.3% during the third quarter of 2025, accounting for just…
Read More Government’s last-minute Planning Bill amendments will tackle blockers and boost growth
The Government has announced several major amendments to the Planning and Infrastructure Bill, which further streamline the planning process. They include reducing the length of consultation, stripping uncooperative councils of the right to make certain decisions, and paring back the impact and ability to raise legal disputes. Richard Beresford, Chief Executive of the National Federation…
Read More Next budget a “pivotal moment for the property market”
The UK government is due to unveil its next budgetary statement in November, with many rumours circulating on how it’ll affect the property market. While many rumours are circulating among thought leaders and economists, Mitchell Martyn, property expert from Pure Property Finance, a property finance specialist based in the UK, says that this next budget…
Read More