Capital Gains Tax – The Government?

CGT will rise to 28% but only for higher rate taxpayers. We await full details but, on the face of it, this is less severe than anticipated, but still not a welcome change for most investors on the higher rates, unless you can limit  your income. Could it be that simple ?  Many expect there will be further details and hurdles to jump through.

Private Tenants ?

Some commentators are suggesting that the clear winners could be private tenants not in receipt of Local Housing Allowance / Housing Benefits because the Chancellor has imposed  limits on the Housing Benefits to be paid for a 4 bedroom house at £400 per week and £280 per week for a one bedroom property meaning benefit tenants are not as attractive as they once were. However, there are of course benefits to having benefit tenants and we doubt that ultimately there will be a huge shift in the market on the basis of the changes, although Landlords with benefit tenants are clearly being squeezed.  

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