LANDLORDS EXEMPTED FROM GAPITAL GAINS CUTS

Responding to the Chancellor’s Budget announcement to exempt residential property sales from cuts to the rate of capital gains tax (CGT), Richard Lambert, Chief Executive Officer, National landlords Association (NLA), said: “The Chancellor said that this government would tax the things it wants to reduce not the things it wants to encourage. “On that basis, it’s clear he does not regard ordinary people putting their own money into providing homes as worthwhile. “The steady upward ratchet of taxation on landlords over the past year shows that George Osborne is determined to bear down on the private rented sector, but he still depends on the tax revenues he expects to pull in from them. “The NLA called for a short term easing of CGT to allow landlords to restructure their portfolios or to exit the market altogether but it appears that however much he wants us out, he can’t afford to...
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Property Expert and eMoov CEO, Russell Quirk, Provides His Post-Budget Analysis

A Disappointing Budget for Housing – Something’s a Miss Despite the Conservatives claiming to be the party of home owning aspiration, many of us are left disappointed by the absence of any robust or meaningful housing initiatives or a dilution of George Osborne’s previous attacks on property purchasers, by way of stamp duty and tax relief changes today. Mr Osborne has refused to take his foot off the throat of UK residential market and a number of initiatives that could have been advanced to take the pressure of UK homebuyers today, have not been. Property expert, eMoov CEO and former Brentwood First councillor, Russell Quirk, commented: “A very disappointing budget from a property point of view and for UK buyers and sellers. The capital gains tax reductions, whilst bold, are a missed trick and a kick in the teeth for those second home-sellers, that will not benefit from a reduction...
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Emergency Budget Losers

LANDLORDS were given a nasty shock in Chancellor George Osbornes emergency budget earlier this month. In his first budget given as a Conservative rather than coalition chancellor, Osborne surprised property investors by scrapping mortgage interest tax relief at the higher levels. Buy-to-let owners were told they are to be stripped of the right to claim the tax relief at the 45 and 40 per cent tax bands. Kicking in from 2020, the change could have a significant impact on owners of multiple properties or those relying on rental income to pay outgoings. The surprise move caught landlords off guard in a budget aimed at encouraging home ownership rather than renting. Bank of England Base Rate With the Bank of England base rate still at its historic low of 0.5 per cent, the impact is likely to be minimal in the immediate future as returns on other financial investments are also...
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The Seven Massive Mistakes Costing Most People Thousands of Pounds in Lost Property Profits

This series of articles has been written by Nikki Pope, Property Investor, Lawyer, Educator. Nikki is running one of her fantastic seminars this Saturday in London.   How to Buy £1.5 Million Property for NO MONEY DOWN! Saturday, January 18, 2014 from 9:30 AM to 4:30 PM So you can hear right from the horses mouth!  Click here to register.  In the meantime enjoy the first of the seven massive mistakes.  Weve all heard about location, location, location when it comes to buying property but what about strategy, strategy, strategy? Property is an excellent way of generating real wealth - but it is a big slow boat and expensive to turn around. Get it right & the numbers are big. The prospects for property profits are excellent. Get it wrong and the numbers are big and in a stagnating or falling housing market it can be very difficult to move on from...
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The Autumn Statement

We have been waiting with interest to see what George Osborne was going to say in his Autumn Statement today. Opening remarks The Chancellor says Britains economic plan is working but the job is not done, we need to secure the economy for the long terms and the biggest risk to that comes from those that would abandon the plan. He says We need a plan where we dont pretend we can make things better by writing cheques to ourselves. Forecasts show the growth is up, but growth in productivity is still too low, business taxes are still too high and exports are still too low.
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Tips for selling a property abroad

Relocating to a foreign destination is something that appeals to many people in the UK, but the current economic climate means that some families have been forced to sell their homes overseas as they cut back on luxury spending. Due to favourable rates abroad, this may not be such a bad idea. More individuals than ever before are selling their properties abroad and exchanging their funds for pounds using a sterling account through their bank.
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Investing in Indian Property

In the second of a series of articles on property investment in emerging economies, Ruban Selvanayagam explores India as a feasible destination.
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From Sand and Sea to Spires & Suburbs

In a complete departure from the sun, sea and sand that we normally associate with overseas property investment, Id like to get you considering overseas [caption id="" align="alignright" width="299" caption="Czech Republic & Prague Location"]Czech Republic - From Sand and Sea to Spires & Suburbs investments in the same way we might evaluate any buy-to-let in the UK. In other words, a property purchased for long-term let to people who will make it their home and pay you rent to cover your mortgage, providing you with cash flow. Of course, were also looking for capital growth. What we need is a location with a very strong rental demand, a stable government, growing economy and tax advantages. We also need to be able to obtain mortgages (we still want to invest using other peoples money) at reasonable rates. So come with me now to the Czech Republic… where residential property investment is currently...
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Emergency Budget: So how has it affected the Property Investor

The coalition governments first budget was finally announced yesterday, an emergency budget after the election win that was talked about so much for its predicated impact on the UK in order to reduce the current debt levels. We have picked out the following key points from a pure Property perpective.
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Capital gains tax expected to be problematic for landlords

The Residential Landlords Association (RLA) said that the tax, which currently stands at 18 per cent, would be "devastating" to landlords if it is brought in line with earnings.
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Nationwide: Prices still rising (0.5%), yet out of double digits for yearly growth

Nationwide reports House Prices still rising though by only 0.5% as opposed to 1.0% last month. Yearly growth now at 9.8%, out of double digits.
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2010/11 Tax Busting Checklist

Colin Davison from Cranleys Property Tax Advisors has put together a very comprehensive 2010/11 Tax Busting Checklist. Below is his detailed section for Property and Loans. Has you accountant mentioned these points to you? You can download the full 2010/11 checklist covering all the following areas: Business Planning Business planning, especially if you have a Limited Company Employees – remember that if you are a director of your own limited company that this includes you. Benefits in Kind Personal Planning Investments Property and loans VAT Administration Property and loans 81 Consider buying your next buy-to-let property in the joint names of yourself and your spouse/civil partner as tenants-in-common. The rental income can then be divided between you according to the proportion of the property you each own, e.g. 20%: 80%, giving the lower earning partner a bigger share, so the rents may be taxed at the lower income tax rates. Yes...
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How is the Property Investor Impacted by the new Govenerment?

So we now have a new government, a new type of government! All great, we hope, for the economy and for Britain, but how does the new agreements made between The Conservatives and The Liberal Democrats effect us, the property investor?
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