Capital Gains Tax (CGT ) Changes Will Test Investors
The international credit ratings agency, Fitch Ratings, has advised that forthcoming changes to CGT will put the buy to let market to the test. The tax changes are thought to be implemented from April 6th.
Fitch Ratings believes that the lower rate of CGT will test investors’ ability when it comes to keeping their existing properties, enticing many to sell in order to profit from past capital appreciation.
Stuart Jennings, group credit officer at Fitch said:
With expectation of further house price decline in the coming months, the capital growth incentive for buy-to-let investment has faded.
Data on recent buy-to-let investor behaviour shows an increasing number ‘marking time’. This may change when the new tax treatment effectively makes it cheaper to sell.
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[…] Capital Gains Tax (CGT ) Changes Will Test Investors The international credit ratings agency, Fitch Ratings, has advised that forthcoming changes to CGT will put the buy to let market to the test. The tax changes are thought to be implemented from April 6th. Fitch Ratings believes that the lower rate of CGT will test investors’ ability when it comes to keeping their existing properties, enticing many to sell in order to profit from past capital appreciation. Stuart Jennings, group credit officer at Fitch said: With expectation of further house […]