Property News · March 17, 2016

Buy-to-let lobby accuses Osborne of 'outright assault on the sector'


Budget measure exempting buy-to-let landlords from capital gains tax cut branded as a direct attacks on landlordsA surprise reduction in capital gains tax has been welcomed by investors but is expected to prompt outrage from buy-to-let landlords after residential property was exempted from the changes.The headline rates of CGT – which is paid on profits from asset sales – will be cut on 6 April from 18% to 10% for basic rate taxpayers and from 28% to 20% for higher rate taxpayers. Continue reading…

Source : theguardian.com
Read more…Buy-to-let lobby accuses Osborne of ‘outright assault on the sector’

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