Add another BTL now or wait after April rush?

Glover1862

michaels wrote: »

I think it is a false market that the moment due to the tax change...but then going forward the supply/demand fundamentals remain very supportive so who knows....

Obviously currently it is nice that standard rate taxpayers won't be taxed on turnover but the fact that they have made one change towards taxation of turnover makes me nervous about what else they might do.

You could be right, who knows what else is planned, but closing off a massive industry seems crazy to me. Maybe waiting is better, see if anything more in the March Budget, even heard rumors of some lobbying by accountants to delay the stamp duty changes as they can't give answer to clients until maybe a couple of weeks before the deadline, daft situation. will make them look massively incompetent so I can't see it happening.

michaels

Generali wrote: »

It's yo pension yo messin' wid.

Overweight Anglo? Sheeesh.

Dunno - some sort of medium risk international and uk growth fund - in other words slight underperformance of the world index and a hefty charge for the priviledge but there only seems to be a choice of 3 funds through my work pension, 'low risk', 'medium risk' and 'adventurous' and of course the pension company does well whichever you choose. I have this hopeful view that a might see 2% pa real terms growth after fees by the time I retire but I am not convinced that I haven't paid in more over the last 20 years than the fund is currently worth in nominal terms let alone in real terms

michaels

Glover1862 wrote: »

You could be right, who knows what else is planned, but closing off a massive industry seems crazy to me. Maybe waiting is better, see if anything more in the March Budget, even heard rumors of some lobbying by accountants to delay the stamp duty changes as they can't give answer to clients until maybe a couple of weeks before the deadline, daft situation. will make them look massively incompetent so I can't see it happening.

I wouldn't take my advice, I decided that the risk reward balance dictated selling my btl before the election last year so have missed out on 10% plus capital growth since last May

Generali

michaels wrote: »

Dunno - some sort of medium risk international and uk growth fund - in other words slight underperformance of the world index and a hefty charge for the priviledge but there only seems to be a choice of 3 funds through my work pension, 'low risk', 'medium risk' and 'adventurous' and of course the pension company does well whichever you choose. I have this hopeful view that a might see 2% pa real terms growth after fees by the time I retire but I am not convinced that I haven't paid in more over the last 20 years than the fund is currently worth in nominal terms let alone in real terms

Don't tell my boss I said this but most research shows that if you minimise your TER then you maximise your returns in the long term on average.

Money has been flying into index funds across the world for the last 15 years. The dot com crash and the Equitable Life debacle removed any confidence boomers had in asset managers.

Generali

michaels wrote: »

I wouldn't take my advice, I decided that the risk reward balance dictated selling my btl before the election last year so have missed out on 10% plus capital growth since last May

Always leave something on the table for the next guy.

purch

Generali wrote: »

Xstrata

Please don't mention that name (or Anglo American)

I still get flashbacks :eek: and it was 7 or 8 years ago.............

Thrugelmir

Glover1862 wrote: »

You could be right, who knows what else is planned, but closing off a massive industry seems crazy to me.

What massive industry? Highly leveraged LL's hardly generate huge amounts of revenue for the Treasury nor do they more importantly create jobs.

kabayiri

Thrugelmir wrote: »

What massive industry? Highly leveraged LL's hardly generate huge amounts of revenue for the Treasury nor do they more importantly create jobs.

I believe you are entitled to call something an "industry" as long as you can dredge up a spokesperson to represent it on breakfast telly or similar.

Glover1862

Fair few letting agents and maintenance firms might regret the the passing of BTL, must be quite a few other jobs connected to BTL. Fairly large tax take I would think, CGT, SD, income tax, particularly as lots BTL are owned cash. They also bought a fair few new builds

chucknorris

Generali wrote: »

Always leave something on the table for the next guy.

I like that saying, a friend of mine who used to go racecourse booking with me, and worked in the city, used to say 'feed the ducks while they are quacking'. It was a reference to laying a horse when everyone is falling over themselves to back it, the tendency is to shut up shop and try reduce the odds to lay it shorter, his point was, lay it now. Because sometimes they drift back out again, it was more apt prior to betfair (betfair gives bookies an out, providing they keep an eye on the market of course).