Buy to let stamp duty surcharge and other related news

[Martin@AS Financial]

Buy-to-let homes face higher stamp duty:

Autumn Statement: Buy-to-let homes face higher stamp duty - BBC News


Good article showing the differing opinions on the BTL market:


theRatandMouse - London's property blog

[MarillionFan]

The other was the 'paying Capital gains' in 30 days of selling an asset. How does that work when you may have capital losses at a year end. Basically seems like a case of we want our pluses immediately, you'll have to wait for SA to make any adjustments.

[d000hg]

He linked the 30 day thing to the "digital revolution" but I guess that's a good point. However, would that affect many people? Only those who hold a substantial number of properties - in which case, oh well nobody cares

[MarillionFan]

He linked the 30 day thing to the "digital revolution" but I guess that's a good point. However, would that affect many people? Only those who hold a substantial number of properties - in which case, oh well nobody cares

It's not about just properties is it? What about shares? I still have 100 shares I bought in SKA back in the day when AtW needed to raise funds. I bought 10% of his company for a quid, just think of the gains I've made since then when I come to see 'em!.

[Sausage Surprise]

You can get a 3 bed Victorian terrace for about £70k in the north east and rent it for £550 a month. No stamp duty involved.

[vetran]

I still have 100 shares I bought in SKA back in the day when AtW needed to raise funds. I bought 10% of his company for a quid, just think of the gains I've made since then when I come to see 'em!.

one stuffed Squirrel & one sofa cushion (slightly soiled)?

[d000hg]

It's not about just properties is it? What about shares? I still have 100 shares I bought in SKA back in the day when AtW needed to raise funds. I bought 10% of his company for a quid, just think of the gains I've made since then when I come to see 'em!.

Oh, maybe. I don't know what attracts CGT TBH.

You can get a 3 bed Victorian terrace for about £70k in the north east and rent it for £550 a month. No stamp duty involved.

You wouldn't pay 3%? Exempt properties are exempt rather than 0%+3%?

[DimPrawn]

Big Landlords

Commercial property investors, with more than 15 properties, are expected to be exempt from the new charges.

Or, "Friends of the Conservative Party", as they are also known.....

[centurian]

How are they actually going to define BTL purchase and holiday homes.

Sounds easy, but I can think of a few tricks to get round it.

In fact, MPs should know all about this - given how many of them flipped their primary and secondary residences to avoid CGT.

[BrilloPad]

It's not about just properties is it? What about shares? I still have 100 shares I bought in SKA back in the day when AtW needed to raise funds. I bought 10% of his company for a quid, just think of the gains I've made since then when I come to see 'em!.

Have you made enough for a new DFS sofa yet?