ASK160: What does the 2018 budget have in store for property investors?
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 30 October 2018
⏱️ 4 minutes
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| 0:00.0 | Hi, I'm Rob. And I'm Rob. And this is a Budget Special. |
| 0:10.0 | Yes, welcome to this very special episode of Ask Rob and Rob, where there is no question being asked. |
| 0:15.3 | We don't have a questioner because there hasn't been time. |
| 0:17.5 | We're recording this literally minutes after Phil Hammond has sat down after delivering his budget, |
| 0:21.6 | because we know that lots of you even though you haven't |
| 0:23.2 | sent in a recording we'll have questions around what this budget means for property investors |
| 0:27.7 | and Rob the absolutely wonderful news is the answer is not a lot isn't it? Yeah good old Phil |
| 0:34.8 | Phille, Philie mermaids, yeah well done Phil. A boring budget, thank God. |
| 0:41.0 | We've been hammered over the years and understandably, so pretty |
| 0:47.1 | nervous listening to this budget. But I'm please Rob that while we have news and |
| 0:52.0 | there is a few talking points it's nothing |
| 0:54.8 | scary and actually we can all breathe a sigh relief. Yes it's really slim |
| 0:58.2 | pickings when it comes to property he didn't say much at all we had to dig deep |
| 1:02.1 | into the big long official document |
| 1:04.6 | that goes along with the budget to find a couple of things that are so |
| 1:06.8 | minor he didn't even bother mentioning them in his proper speech but let's |
| 1:09.8 | quickly round off what those are now. Okay so first up we've got a stamp duty update, |
| 1:15.4 | so currently first-time buyers do not pay stamp duty on any homes |
| 1:19.6 | up to 300,000. |
| 1:21.5 | That is being continued, which is a good move, but also the scheme has been extended |
| 1:27.2 | for people purchasing through shared ownership schemes of up to |
| 1:35.0 | a five hundred thousand and he's backdating it generous fellow to anybody who's purchased since that scheme started |
... |
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