Episode 224

The Budget's Impact on Property Businesses and Mortgages


March 13th, 2024

33 mins 22 secs

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About this Episode

In this episode, Stuart, Simon, and resident mortgage broker Simon Glastonbury discuss the recent budget's impact on property businesses.

They cover the VAT threshold increase, the capital gains tax reduction for property sellers, and the decrease in the tax-free allowance. Stuart welcomes tax reductions, while Simon Glastonbury highlights how the lower allowance might negate tax rate benefits for some. They address the budget's effects on landlords and first-time buyers, expressing disappointment over the absence of 99% loan-to-value mortgages. They also debate the abolition of multiple dwellings relief and its implications for large investors. The episode offers a detailed analysis of the budget's influence on property investment and ownership.

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