CPS Homes

Capital Gains Tax Raised

Capital Gains Tax (CGT) rises from 18% to 28% at midnight tonight for higher rate tax payers. This was probably the most controversial of the budget announcements, although not as dramatic as some forecasted. Still - shareholders, entrepreneurs, buy-to-let investors, holders of share options and many others can both win or lose out under the new rules announced in the Budget.

However, it is thought that serious property investors will not be deterred from investing in buy to let properties by this tax rise.  As the rise was almost immediate, investors would not have had time to realise any profits, even though there has been speculation that Capital Gains Tax (CGT) was to rise significantly in the emergency budget. It is thought that landlords will now not be tempted to flood the market with their investment properties, as some commentators had feared.

Buy-to-let property in Cardiff remains a good medium to long term investment as they typically generate a good income with competitive returns.

If you are thinking of selling or buying in Cardiff then please contact our sales team on 02920 454 555 or drop into any of our branches.

22 June 2010

The information contained within this article was correct at the date of publishing and is not guaranteed to remain correct in the present day.

Back

Posts by date

Sign up for updates

By using this form, you agree with the storage and handling of your data in accordance with GDPR for the sole purpose of communication. We respect your privacy and will not share your data with third parties. For more information, please view our Privacy Policy.

cwtch tile

Festive opening hours 2024

Festive opening hours 2024

Festive opening hours 2024

Please find our festive opening days and hours below: Woodville Road, Cathays branch Mon 23rd Dec: 9.30am - 2pm Christmas Eve: CLOSED Christmas Day: CLOSED Boxing Day: CLOSED Fri 27th Dec: 9.30am - 2pm Sat 28th Dec: …