A recent survey carried out by Upad showed that 54% of current landlord felt more confident about the future of the property market in the UK. That is largely good news but it does leave 46% who are not sure and one thing the survey showed clearly is that those who were not as as confident blamed the increase in CGT almost entirely. And you can hardly blame them.
They also voiced their opinion tht as well as having a good long hink about the proposed raise to he CGT the current government should think about trying to rid the industry of some of the ridiculous red tape the last administration put in place. Many people feel that a reduction in bureaucracy would go a long way towards attracting people to the sector.
The gist of the feelings expressed in the survey was that the government has an opportunity to help and encourage the housing private sector for the good of the whole country. The alternative is to leave it struggling with over regulation and hugely increased taxation and run the risk of a large dip in this vitally important sector of the economy.
Which way will they jump?
