The coalition Government's Capital Gains Tax (CGT) proposals could force a quarter of landlords to leave the buy-to-let sector, according to LSL Property Services.
Its research revealed 26% of landlords are considering selling their property before changes to CGT are introduced, with an announcement due in the Emergency Budget on 22 June. A total of 71% of landlords are now reconsidering their future investment in property if the proposed hike goes ahead. Nine out of ten landlords oppose the Government's proposals. Despite profitability being determined by a mix of rental income and capital gains, LSL highlighted 36% of landlords consider capital gains to be the most important aspect of property investment. A quarter of those landlords sta...
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