Growing numbers of buy to let investors are starting to unload their properties, according to NFU Mutual.
The financial advice firm made the announcement after analysing the tax receipts in January and found that the Treasury raked in £5.5 billion in capital gains tax payments.
The firm says that over the course of the year, the Treasury could make nearly £9 billion, or 5% more than it did last year.
The NFU says this rise is down to growing numbers of landlords who are now selling their rental properties.
The firm’s chartered financial planner, Sean McCann, says: “A large number of these receipts will be from those selling flats and houses they have been renting out. By selling, they are being hit with an 8% surcharge on the capital gains tax standard rates.”
Buy to let investors increasingly looking to unload their properties
He added that tax receipts will grow sharply in five years’ time to £13.3 billion a year which, Mr McCann says, could be down to growing numbers of buy to let investors increasingly looking to unload their properties as recent tax changes begin to bite.
For any BTL investor selling property that isn't their main home, they will need to pay a tax charge of 18% or 28% depending on other income and the gain.
Mr McCann says: “For growing numbers of investors, the figures do not add up - many will have enjoyed growing property prices and will now look to cash in which will provide a tax bonanza.”
Buy to let investors can use a new affordability calculator
Meanwhile, buy to let investors can use a new affordability calculator that has been unveiled by one firm to help them work out if they can afford an investment under new affordability rules.
The calculator from LendInvest takes into account the affordability criteria to help work out a property’s annual rental yield and the maximum gross loan amount available whether the applicant is a limited company or an individual.
The firm says their calculator will help investors get a better idea of the loan to value for HMOs, single properties and multi-unit freehold blocks.
The calculator works with the firm's online buy to let application system which utilises a panel of 200 intermediaries.
LendInvest's sales director, Ian Boden, said: “We want to ensure the technology is in place so brokers’ lives are made easier and the calculator will deliver a no-fuss, simple experience so intermediaries can make accurate and quick decisions for clients.”
Growing numbers of buy to let investors are starting to unload their properties, according to NFU Mutual.
The financial advice firm made the announcement after analysing the tax receipts in January and found that the Treasury raked in £5.5 billion in capital gains tax payments.
The firm says that over the course of the year, the Treasury could make nearly £9 billion, or 5% more than it did last year.
The NFU says this rise is down to growing numbers of landlords who are now selling their rental properties.
The firm’s chartered financial planner, Sean McCann, says: “A large number of these receipts will be from those selling flats and houses they have been renting out. By selling, they are being hit with an 8% surcharge on the capital gains tax standard rates.”
Buy to let investors increasingly looking to unload their properties
He added that tax receipts will grow sharply in five years’ time to £13.3 billion a year which, Mr McCann says, could be down to growing numbers of buy to let investors increasingly looking to unload their properties as recent tax changes begin to bite.
For any BTL investor selling property that isn't their main home, they will need to pay a tax charge of 18% or 28% depending on other income and the gain.
Mr McCann says: “For growing numbers of investors, the figures do not add up - many will have enjoyed growing property prices and will now look to cash in which will provide a tax bonanza.”
Buy to let investors can use a new affordability calculator
Meanwhile, buy to let investors can use a new affordability calculator that has been unveiled by one firm to help them work out if they can afford an investment under new affordability rules.
The calculator from LendInvest takes into account the affordability criteria to help work out a property’s annual rental yield and the maximum gross loan amount available whether the applicant is a limited company or an individual.
The firm says their calculator will help investors get a better idea of the loan to value for HMOs, single properties and multi-unit freehold blocks.
The calculator works with the firm's online buy to let application system which utilises a panel of 200 intermediaries.
LendInvest's sales director, Ian Boden, said: “We want to ensure the technology is in place so brokers’ lives are made easier and the calculator will deliver a no-fuss, simple experience so intermediaries can make accurate and quick decisions for clients.”
Growing numbers of buy to let investors are starting to unload their properties, according to NFU Mutual.
The financial advice firm made the announcement after analysing the tax receipts in January and found that the Treasury raked in £5.5 billion in capital gains tax payments.
The firm says that over the course of the year, the Treasury could make nearly £9 billion, or 5% more than it did last year.
The NFU says this rise is down to growing numbers of landlords who are now selling their rental properties.
The firm’s chartered financial planner, Sean McCann, says: “A large number of these receipts will be from those selling flats and houses they have been renting out. By selling, they are being hit with an 8% surcharge on the capital gains tax standard rates.”
Buy to let investors increasingly looking to unload their properties
He added that tax receipts will grow sharply in five years’ time to £13.3 billion a year which, Mr McCann says, could be down to growing numbers of buy to let investors increasingly looking to unload their properties as recent tax changes begin to bite.
For any BTL investor selling property that isn't their main home, they will need to pay a tax charge of 18% or 28% depending on other income and the gain.
Mr McCann says: “For growing numbers of investors, the figures do not add up - many will have enjoyed growing property prices and will now look to cash in which will provide a tax bonanza.”
Buy to let investors can use a new affordability calculator
Meanwhile, buy to let investors can use a new affordability calculator that has been unveiled by one firm to help them work out if they can afford an investment under new affordability rules.
The calculator from LendInvest takes into account the affordability criteria to help work out a property’s annual rental yield and the maximum gross loan amount available whether the applicant is a limited company or an individual.
The firm says their calculator will help investors get a better idea of the loan to value for HMOs, single properties and multi-unit freehold blocks.
The calculator works with the firm's online buy to let application system which utilises a panel of 200 intermediaries.
LendInvest's sales director, Ian Boden, said: “We want to ensure the technology is in place so brokers’ lives are made easier and the calculator will deliver a no-fuss, simple experience so intermediaries can make accurate and quick decisions for clients.”
Growing numbers of buy to let investors are starting to unload their properties, according to NFU Mutual.
The financial advice firm made the announcement after analysing the tax receipts in January and found that the Treasury raked in £5.5 billion in capital gains tax payments.
The firm says that over the course of the year, the Treasury could make nearly £9 billion, or 5% more than it did last year.
The NFU says this rise is down to growing numbers of landlords who are now selling their rental properties.
The firm’s chartered financial planner, Sean McCann, says: “A large number of these receipts will be from those selling flats and houses they have been renting out. By selling, they are being hit with an 8% surcharge on the capital gains tax standard rates.”
Buy to let investors increasingly looking to unload their properties
He added that tax receipts will grow sharply in five years’ time to £13.3 billion a year which, Mr McCann says, could be down to growing numbers of buy to let investors increasingly looking to unload their properties as recent tax changes begin to bite.
For any BTL investor selling property that isn't their main home, they will need to pay a tax charge of 18% or 28% depending on other income and the gain.
Mr McCann says: “For growing numbers of investors, the figures do not add up - many will have enjoyed growing property prices and will now look to cash in which will provide a tax bonanza.”
Buy to let investors can use a new affordability calculator
Meanwhile, buy to let investors can use a new affordability calculator that has been unveiled by one firm to help them work out if they can afford an investment under new affordability rules.
The calculator from LendInvest takes into account the affordability criteria to help work out a property’s annual rental yield and the maximum gross loan amount available whether the applicant is a limited company or an individual.
The firm says their calculator will help investors get a better idea of the loan to value for HMOs, single properties and multi-unit freehold blocks.
The calculator works with the firm's online buy to let application system which utilises a panel of 200 intermediaries.
LendInvest's sales director, Ian Boden, said: “We want to ensure the technology is in place so brokers’ lives are made easier and the calculator will deliver a no-fuss, simple experience so intermediaries can make accurate and quick decisions for clients.”
