Budget 'not too detrimental to housing market'
Homeowners who have invested in a bespoke conservatory to increase the appeal of their property can breathe a little easier following last week's Budget announcement.
While there had been concern that some of the decisions taken by chancellor George Osborne would be detrimental to the housing market, LandlordZone.co.uk has suggested that there were actually a few investor-friendly inclusions.
Director Tom Entwistle noted that the new chancellor had been relatively kind to potential landlords.
"Whilst the VAT increase and increasing income tax will have their effects on activity generally, the rise in CGT [capital gains tax] for high rate tax payers to 28 per cent should not have a great impact on investment," he said.
Mr Entwistle added that the decisions to cut some of the red tape imposed by the previous government would also be beneficial.
Despite this, there will still be difficulty for investors looking to access finance until the debt burden is relieved and the economy begins to grow again, the expert claimed.
Posted by Cheryl Stevenson
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