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Budget "relatively kind to business and property investors"
Business property owners may have found the emergency Budget is kinder in some ways than they expected.
This is according to Tom Entwistle, director of Landlordzone.co.uk, who said there had been fears in the run up to Chancellor of the Exchequer George Osborne's speech last week.
He concluded: "The Budget has been relatively kind to business and property investors."
Commercial property owners should note the rise in capital gains tax (CGT) for high-rate tax payers "should not have a great impact on investment", Mr Entwistle continued.
And other landlord-friendly moves include cutting the amount of red tape involved in the industry and cancelling proposed changes to tax incentives on holiday lettings, he added.
Chairman of the National Landlords Association David Salusbury responded to the Budget by saying the CGT rise was not as high as expected, at 28 per cent.
However, he noted many landlords with a modest income who use lettings to supplement earnings could be affected.
Posted by Darren Purse
This is according to Tom Entwistle, director of Landlordzone.co.uk, who said there had been fears in the run up to Chancellor of the Exchequer George Osborne's speech last week.
He concluded: "The Budget has been relatively kind to business and property investors."
Commercial property owners should note the rise in capital gains tax (CGT) for high-rate tax payers "should not have a great impact on investment", Mr Entwistle continued.
And other landlord-friendly moves include cutting the amount of red tape involved in the industry and cancelling proposed changes to tax incentives on holiday lettings, he added.
Chairman of the National Landlords Association David Salusbury responded to the Budget by saying the CGT rise was not as high as expected, at 28 per cent.
However, he noted many landlords with a modest income who use lettings to supplement earnings could be affected.
Posted by Darren Purse
Mon, 28th Jun 2010