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The Property Podcast

TPP209 What does the Spring 2017 budget mean for property investors

The Property Podcast

Rob Bence & Rob Dix

Business News, News, Business, Education, Investing

4.82K Ratings

🗓️ 16 March 2017

⏱️ 16 minutes

🧾️ Download transcript

Summary

The teams at RMP and Yellow have both grown in this past week. RMP have said hello to Julia and Christa, and Yellow have welcomed Donna and Nicole. So that's been a pretty busy week for us all round really! We've also been creating some more free courses this week. Check out the ones that are there already here, and look out for a brand new course in the next few weeks. News story: World's fastest hover train could go from Liverpool to Manchester in 7 minutes.  The Robs could not be more excited about this, even if it does seem quite a long way off right now. It combines some of our favourite cities to invest in, plus trains (and we all know how much Rob B like's trains!). So this is probably one of the most exciting news stories they've seen in a while. Check out more about the potential Maglev train here. The Spring Budget This is a mini-budget, if you will. We've had to dig pretty deep to find something to say on this as The Chancellor did not mention housing at all. Here's a brief summary of points you might want to note though. Nothing about mortgage relief or stamp duty...in fact, nothing about housing at all! As before – Corporation tax will fall to 19% this April, and will then fall to 17% in April 2020. So good for those holding properties in a company The tax free dividend allowance for company directors will be reduced from £5K to £2K from April 2018. Extension until 2019 until landlords need to keep digital records and send quarterly updates to HMRC Rent-a-room relief – The government will consult on proposals to redesign rent-a-room relief, to ensure it is better targeted to support longer-term lettings. This will align the relief more closely with its intended purpose, to increase supply of affordable long-term lodgings. And from the makers of The Northern Powerhouse... Did you enjoy the Northern Powerhouse...then you’ll love the Midlands Engine!  We don't have much to say on this right now, but watch this space. Resource of the week A lack-lustre budget but to make up for this we have not one but two resources of the week! Managing your credit file is not exciting, but it is important. It's good to checkout a regular snapshot of how things are doing. The first resource this week is from Money Saving Expert and is called Credit Club. It's super useful and once you're signed up they will do the rest. You can also get a free score from Experian now. This used to be around £15 per month, so is well worth checking out. Continue the conversation over in the forum What did you think to The Budget? Did you get as ridiculously excited over the prospect of the hover train, as Rob B did? Let us know over in the forum. If you enjoyed The Property Podcast, please leave a review on iTunes Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air. If you’d like to hear your name on the show, leave us a review on iTunes here. Not sure how to leave a review? This video shows you how to review and subscribe on iTunes. See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Hi Rob B here with Rob D and you are listening to episode 2009 of the property

0:04.2

podcast this week we look at the spring budget what's happened for property investors

0:08.7

nothing see you next week, bye-bye. Yeah, that is about the size of it, but it's okay. We have actually dug a bit deeper

0:20.5

and we have found some points of interest for property investors.

0:23.0

But hey, if our only complaint is that Philip Hammond's made it difficult for us to put a

0:26.4

podcast episode together, then we should count ourselves very lucky.

0:30.6

So we're going to be talking about that.

0:32.0

We've got a great news story and a couple of handy resources as well.

0:36.0

So it is going to be a super useful episode as always.

0:39.0

But also as always we should start by getting caught up on what's been happening over the

0:43.4

last week and Rob our team has gone through a bit of a growth spurt yeah R&P and

0:48.1

yellow both growing in the last 10 days for new starters so at RP, hello to Julia and hello to Krista.

0:55.2

And at Yellow, hello to Donna and to Nicole. So in the budget we were hearing

1:00.5

about how employment is it is best ever. I think we might be the reason why.

1:04.0

Single-handedly pushing the economy forward.

1:08.0

Yeah, our egos, if you've got, they couldn't get any bigger, we've just took it to the next level.

1:12.0

But don't worry, we will compensate with some fantastic resources.

1:17.0

Rob and I have been very busy, be even away creating courses for the Property Hub.

1:22.0

These are free courses. If you haven't checked the ones that they're already, you're mad, they're free, they're really good.

1:27.0

Go and take advantage of them at the Property Hub.net.org, forward slash courses. There's loads of free stuff there already but we've made a

1:34.3

commitment to ourselves that we're going to bring you even more this year and the

1:38.1

next one will be up live in the next few weeks. We'll let you know when it happens

...

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