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What Does The Budget Mean For Property Values? 2021 Prices Update
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The main direct takeaways for property investing are
Extension of the Stamp Duty Holiday.
Freezing of CGT personal allowances.
The indirect takeaways are
A new Help to Buy scheme which will almost certainly boost the property market.
Extension of Furlough and other aid which means more people avoid being made unemployed,and more people can pay mortgages and rents, meaning less people need to be repossessed - (which is positive for property prices).
Corporation Tax for small businesses (profits of £50,000 and under) stays at 19%, which is good news for investors buying into limited companies.
All in all, I'd think the budget will continue to support a small but steady increase in property values over the next 12 months
Here's to Successful Property investing.
Peter
Peter Jones
(ex) Chartered Surveyor, author and property investor
PS. By the way, I've rewritten and updated my best-selling e-book, The Successful Property Investor's Strategy Workshop, which is an account of how I put together my multi-property portfolio, starting from scratch and with no money of my own, and how you can do the same.
For more details please go to:
Extension of the Stamp Duty Holiday.
Freezing of CGT personal allowances.
The indirect takeaways are
A new Help to Buy scheme which will almost certainly boost the property market.
Extension of Furlough and other aid which means more people avoid being made unemployed,and more people can pay mortgages and rents, meaning less people need to be repossessed - (which is positive for property prices).
Corporation Tax for small businesses (profits of £50,000 and under) stays at 19%, which is good news for investors buying into limited companies.
All in all, I'd think the budget will continue to support a small but steady increase in property values over the next 12 months
Here's to Successful Property investing.
Peter
Peter Jones
(ex) Chartered Surveyor, author and property investor
PS. By the way, I've rewritten and updated my best-selling e-book, The Successful Property Investor's Strategy Workshop, which is an account of how I put together my multi-property portfolio, starting from scratch and with no money of my own, and how you can do the same.
For more details please go to:
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