TPP293: Is It Time To Be Buying In London?
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 25 October 2018
⏱️ 23 minutes
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| 0:00.0 | Hello everyone, Rob B here with Rob D and this week London is calling. |
| 0:06.5 | Yes, we're looking at the London property market. Is it done? Is it over? |
| 0:10.0 | Or is it an investment opportunity that you should be taken advantage of? |
| 0:13.4 | We will give you all the answers this week. |
| 0:15.8 | Yes, thank you for joining us on the Property Podcast where every Thursday morning |
| 0:25.5 | property investors come together to be informed and inspired. Wherever you're based, |
| 0:29.2 | wherever you invest, what happens in London has massive knock-on effects for the rest of the country. |
| 0:33.6 | So we're going to share our thoughts about what's next for London. |
| 0:36.0 | And if you stick around to the end, we've also got a fantastic hub extra for you as well. |
| 0:39.4 | But first, deep breaths. |
| 0:41.2 | So Rob, this is a family show, the Property Podcast. |
| 0:46.0 | So it's lucky that when we started discussing this new story that our microphones weren't on, |
| 0:51.0 | because I may have said a few swear words. |
| 0:54.0 | Yeah, while our producer fires up the bleep machine just in case we have a relapse, I'll talk you through what has |
| 0:58.9 | prompted this. So this is a story from The Guardian and the headline is Treasury Ways Up Tax Break for Landlords, |
| 1:04.8 | oh sounds good, who sell to generation rent. |
| 1:07.6 | So we're into budget leaks and predictions and jockeying for position territory now. |
| 1:11.7 | And this is a proposal from a think tank |
| 1:13.5 | that the Chancellor supposedly is considering to give a tax break to investors who |
| 1:17.8 | sell to long-term tenants. So here's a gist when you sell a property that you hold |
| 1:22.4 | as an individual you need to pay capital gains tax on the difference between the selling price and your purchase price minus your costs and all the rest of it |
| 1:30.3 | That property is 28% minus your annual allowance. What's being |
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