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Not including the £600bn borrowed and plenty more printed to pay people to not go to work (genius) leading to rapid inflation and increased interest rates from 2022 to even date, the more than 2m mostly hostile, unskilled immigrants moved in on taxpayers' purse in the last 2-3 years, and allowing core institutions, including the civil service, to be fatally infected by woke, the below assessment on how - since 2008 - my broad economic activity has been taxed explains why these clowns in the current form should be kicked into the very long grass. My expectation is that Labour will be no better, they hate the working and middle classes as much as the Tories. Comprehensive Assessment of Tax Changes and Implications (2008-2024) 2008-2010 Personal Allowances for Income Tax: 2008-09: £6,035 2009-10: £6,475 Capital Gains Tax (CGT): Annual Exempt Amount: £9,600 in 2008-09, £10,100 in 2009-10 Rate: 18% for all gains above the allowance 2010 CGT Rate Change: Basic rate taxpayers: 18% Higher and additional rate taxpayers: 28% Annual Exempt Amount: £10,100 Introduction of 20% VAT Rate: Increased from 17.5% to 20% on January 4, 2011 2013 CGT Annual Exempt Amount: Increased to £10,900 2014 CGT Annual Exempt Amount: Increased to £11,000 Changes in Stamp Duty for Properties < £300,000: SDLT reform in December 2014 for properties valued under £937,500; first-time buyers exempt up to £300,000 from November 2017 2015-2016 Personal Allowances for Income Tax: 2015-16: £10,600 2016-17: £11,000 CGT Annual Exempt Amount: 2015-16: £11,100 2016-17: £11,100 Dividend Tax Changes (2016): Dividend tax credit replaced by a £5,000 tax-free allowance Rates: 7.5% (basic rate), 32.5% (higher rate), 38.1% (additional rate) Introduction of Higher CGT Rate for Residential Property (2016): 8% surcharge on sale of residential property not used as primary residence 2016 Removal of Interest Costs as Allowable Costs Against Rental Income: Phased reduction starting April 2017, completed by April 2020 2017-2018 Dividend Allowance Reduction: From £5,000 to £2,000 starting in April 2018 Personal Allowances for Income Tax: 2017-18: £11,500 2018-19: £11,850 CGT Annual Exempt Amount: 2017-18: £11,300 2018-19: £11,700 2019-2020 Personal Allowances for Income Tax: 2019-20: £12,500 CGT Annual Exempt Amount: 2019-20: £12,000 Dividend Allowance: Remained at £2,000 2021-2022 Personal Allowances for Income Tax: 2021-22: £12,570 (frozen until 2025-26) CGT Annual Exempt Amount: £12,300 Dividend Allowance: Remained at £2,000 2023-2024 CGT Annual Exempt Amount: Reduced to £6,000 Dividend Allowance: Remained at £2,000 2024-2025 Dividend Allowance: Reduced to £500 CGT Annual Exempt Amount: Reduced to £3,000 Rates of Tax Levied on Dividends and Capital Gains Dividend Tax Rates: Basic rate taxpayers: 7.5% (increased to 8.75% in 2022) Higher rate taxpayers: 32.5% (increased to 33.75% in 2022) Additional rate taxpayers: 38.1% (increased to 39.35% in 2022) Capital Gains Tax Rates: Basic rate taxpayers: 10% (or 18% for residential property) Higher rate taxpayers: 20% (or 28% for residential property) Key Tax Changes and Their Implications Removal of Mortgage Interest Relief: Increased tax liability for landlords by restricting relief to the basic rate (20%) by April 2020. Additional Rates of Stamp Duty: Introduced a 3% surcharge from April 2016, increasing upfront costs for second-home buyers. Additional CGT Rate for Residential Property: Higher tax on capital gains from selling secondary properties, impacting property investors. Dividend Tax Changes: Reduction in tax-free allowances from £5,000 to £2,000 in 2018, and further to £500 in 2024, increasing tax liability. VAT Rate Increase: Broad increase in costs for goods and services from January 2011. Personal Allowance Changes: Increases over time but frozen at £12,570 from 2021-22 until 2025-26, increasing the effective tax rate on income. CGT Annual Exempt Amount: Varied increases, with recent reductions to £6,000 in 2023-24 and £3,000 in 2024-25.
With new rent caps and other limits the residential new lettings market will decline. There had been no new lettings market in the UK up to the late 1980's, for at least 40 years. You pretty much HAD to buy.
The old bill is not necessarily dead. The new parliament can take it over at the same stage it was at if they wish. Although, that would only happen if they were largely happy with how it looked already
Hi guys - do you have an Excel model that you make available as a resource to show this example and that allows us to play around with the parameters (net yield, rental growth, LTV etc) to see what difference they make over the long run? Thanks, Toby
No airbnb is just one, they are hiding them in other platforms asnd apps or word of mouth. That way its just a 2nd home empty and not a rental for tax purposes. We are watching.
Some good observations. but please leave a little longer between statements, an extra 2 seconds would make it clear. If you don't vote, you can't complain.
Great content. As someone in the audio business. Can I suggest not always dipping the music but keep a couple of db lower throughout. The dips happen way more than they need to. The content and delivery is enough to not need to emphasise a point by ducking the music. Just saying from a massive fan of the podcast which has helped me build my portfolio.
this is what i was about to comment. the background doesn't even fit with the mood of the video. and the guy narration is not clear because of high volume
I live in England and I live in a rented property since 1995 now rent keeps going up its called cherry picking sort out the empty homes there are 200,000 and more we got three hundred empty in Hastings East Sussex lets all have a home for ever no more privet renting with landlords. sort out empty first then look at building.
My wife and I had recently retired. We bought a detached run down house in North Wales at auction without a survey and prior to covid.. We used most of our savings plus the lump sum from our pension. To our surprise we won the bid. Both in our late sixties, one an amputee (me) we slaved away for 6 years doing the place up including managing it's one acre of landscaped gardens. We sold the property in August 2022 completing in the November. We were lucky. We rode the property price increases in the area, plus profited from the work we did over the 6 years. At the end of the day we more than doubled the original purchase price and sold out at the right time before property prices dipped and mortgage rates rose. My biggest regret?? We waited until our late 60's to do what we should have done in our younger years.
Without a doubt, this year will be worse than the last. I lost a lot of money last year as a result of bad investment choices that I would not have made if I hadn't been so worried about my portfolio. I kept investing, but I couldn't determine whether to start paying for a house. In the end, I sold my positions, and the house needed more work than I had planned. I'm not sure how long I can keep going like this
True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.
Shouldn't invest if you haven't got the stomach or knowledge. Sorry you bottled it but you can't blame any government for your choice to panic sell. Only invest money you can afford to leave it and have your emergency fund ready
You buy cheap properties for rental yield only. You can get 50k properties paying 600 a month rent with normal tenants who stay long term. I have 3, minimal issues.
What is going to happen? Trousers down landlords and kine up. That's Labour's plan for small ownership. Of course the rich, such as politicians, will just meet a 'certain criteria ' if you get ny meaning.
uk isnt in the eu anymore, money circulation is getting worse and more businesses are going downhill which will sooner or later destroy UK piece by piece.... which later the house market will feel
The evidence for the uk suffering due to not being in the eu is flimsy at best. Germany is a negative gdp growth. France stocks collapsed 10%. And the uk has the lowest inflation and highest growth in Europe. Better inflation even than USA.
