The Government’s new tax changes will quite possibly bring
an end to the heady easy-money days of Buy-To-Let investment, and landlords
will have to work a lot harder to see the returns they expect on their
investments. 2016 is shaping up to be a tough year for property investors of
all kinds, so what can you do to minimise the negative impact of new tax and
policy changes for your portfolio?
Property portal TheHouseShop.com have reached out to a
number of property investment experts from across the industry to ask for their
views on if property can still be profitable in 2016. From the BBC’s favourite
property expert, Henry Pryor, to professional landlord, Vanessa Warwick, and
investment specialist, Steve Bolton, the property investment experts look into
their crystal balls and reveal the future of the market for 2016.
The Government’s new tax changes will quite possibly bring an
end to the heady easy-money days of Buy-To-Let investment, and landlords will
have to work a lot harder to see the returns they expect on their investments.
2016 is shaping up to be a tough year for property investors of all kinds, so what
can you do to minimise the negative impact of new tax and policy changes for
your portfolio?
The Director and Editor of a property
investment website www.propertysecrets.net Daniel Peacock also added his opinion to the new chnages that will potentially damage UK landlords
He says – This kicks in from April 2016 and means buy to let
investors will now pay an additional 3% stamp duty on any properties, from
£40,000 upwards, compared to first time buyers/owner occupiers. This is an
understandable government scheme to try to reduce the demand from buy to let
investors and increase the chances of homeowners being able to buy
