I've just realised that the tax changes announced in the last budget will mean that btl is basically unworkable for most people. Even for those who are not higher rate tax payers. Turnover from rental income will now be considered as profit. So this will push loads of people into the higher tax band and wipe out profit from Btl.
www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/11816720/Death-of-buy-to-let-landlords-wake-up-to-Osbornes-150pc-tax.html
This could have huge implications with most landlords having to sell up. I wonder what it will do to the housing market?
Please or to access all these features
Please
or
to access all these features
Join our Property forum for renovation, DIY, and house selling advice.
Property/DIY
Buy to let: it's basically over for the average investor
25 replies
Efferlunt · 29/08/2015 11:14
OP posts:
Don’t want to miss threads like this?
Weekly
Sign up to our weekly round up and get all the best threads sent straight to your inbox!
Log in to update your newsletter preferences.
You've subscribed!
Please create an account
To comment on this thread you need to create a Mumsnet account.