We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Buy-to-let landlords rush to sell before capital gains tax rise
Comments
-
If anyone's selling they're only doing it right now to avoid a bit of tax if CGT rises. They would have sold soon anyway. It's not like every landlord's offloading their entire portfolio and ditching their business just to save a few quid in tax.
Same thing happened when people bought before the stamp duty went up again. Nobody said 'Oh look, everyone's suddenly rushing to buy houses whether they want one or not just to avoid a bit of tax'.
It artificially inflated the figure for a while as everyone who was buying pushed it through quick.
Same think is happening now but they're selling.0 -
Blacklight wrote: »If anyone's selling they're only doing it right now to avoid a bit of tax if CGT rises. They would have sold soon anyway. It's not like every landlord's offloading their entire portfolio and ditching their business just to save a few quid in tax.
Same thing happened when people bought before the stamp duty went up again. Nobody said 'Oh look, everyone's suddenly rushing to buy houses whether they want one or not just to avoid a bit of tax'.
It artificially inflated the figure for a while as everyone who was buying pushed it through quick.
Same think is happening now but they're selling.
Don't you find it a bit strange that some of the bears think it's 'landlords panicing' yet those same LL's would be doing it to avoid 40% tax, hardly a situation that equates to panic.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
Blimey these BTL landlords have rushed to sell about a hundred times now, how many properties do they have??This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
-
got to love the quotes - it reminded me of something and thought i'd put both into a search...
and i found this
maybe it was a coincidence... then i thought i'd put the other soundbite in the search and this came back... it looks like you've used it a few times now...
sorry to break it you but i'm still here and will be for a long time
welcome back a44downey, pizzagirl, fatpig, napoleon, banderman, rollerball and all of the other user names you got :T
Heh, I hadn't realised, the world's biggest 'tard is back, yay!This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Read the whole article, Hamish, rather than cherry-picking the paragraphs you like the look of.
The general direction is extremely clear.
Landords panicking - rushing to sell.
Which is good news, as we all know more supply without corresponding demand = lower prices.
Which is clearly what is worrying you.
Well I'm not rushing. I'm in it for the long term. Really.0 -
Are you named after the snooker or the 80s pop group of that name?0
-
Am I supposed to be panicking? Oh, ok.
Must come on here more often to see what I should be up to.A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort Mortgage Balance = £0
"Do what others won't early in life so you can do what others can't later in life"0 -
-
If landlords are rushing to sell, where are the tenants going to live?I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards