It has gotten to the point these days that every other article I write is about buy to let property investments and the raw deal many landlords are receiving at the hands of the government of the United Kingdom, and unfortunately this I one such article.
We are in the midst of the worst housing crisis that Great Britain has ever known and these very same buy to let landlords play a big part in helping in some way to solve it, so how much more will they take before they start to look for alternative to the buy to let investment.
Recent reports state that buy-to-let landlords with bigger than average portfolios could face sizable capital gains tax bills if they are forced to sell off some of their properties following tax and regulation changes.
Their warnings come as HM Revenue & Customs target landlords who have undisclosed income, including from capital gains on the disposal of investments such as property.
Capital gains tax is paid on profits made by an individual selling an asset that has increased in value, and it applies to ex-pat landlords as well as those based in the UK.
Georgina Partridge, head of marketing and communications at London-based Plutus Wealth Management, said: “It is certainly a conversation we have had with investors who are looking to go down the buy-to-let route.
“It seems a very romantic idea to hold a property as an investment, but you need to take into account taxation on disposal.
“There is no way to avoid capital gains tax. People often ask a question about putting properties into a company to avoid it, but it is not – because you have to sell the property to the company.
“If you are selling to a company, then the company will have to pay stamp duty again on that property. I don’t think non-professional investors consider that.”
However, buy to let landlords need not despair as there is a way they can still make the returns that want and deserve through a collective investment scheme property investment.
We here at DevDosh Ltd have just the right opportunity for you by the way of a fixed income, asset backed property investment with annual returns as high as 10%. For more information call DevDosh Ltd today or visit www.devdosh.com