Taxation of property
Bricks and mortar
Becoming a landlord has been an attractive proposition for anyone who could raise a deposit, thanks to a prolonged period of low borrowing costs and generally rising property values. However, the outlook is currently a lot less clear.
House prices were mostly stagnant throughout 2019, but are expected to rise by 2% during 2020 with the Conservative party’s re-election. However, any price rise will be subject to regional variation, and Brexit is still far from settled. From April 2020, finance costs will generally no longer qualify for relief at higher tax rates, with various adverse capital gains tax (CGT) changes also coming in at the same time.