Spring Budget 2024: Big Wins for Landlords!

 –  Exciting news for property investors! The 2024 Spring Budget delivers positive changes for landlords, making it a great time to jump into the market or expand your portfolio. Time to Talk Strategy with James Anderson

Here’s what you need to know:

1. Selling Spree? Lower Capital Gains Tax! Selling a residential property this year?

Celebrate a reduced Capital Gains Tax rate! Higher-rate taxpayers now enjoy a 24% rate instead of 28%, making property sales more profitable.

2. VAT Relief for Smaller Landlords: 

Managing a smaller property portfolio just got easier. The increased VAT registration threshold means less administrative burden, freeing you up to focus on what matters – your tenants and properties.

3. First-Time Buyer Relief Expanded: 

Thinking of becoming a landlord? The expanded First-Time Buyer’s Relief opens doors for new investors. It’s a perfect time to enter the property market and start building your wealth.

4. Furnished Holiday Lettings (FHLs) Evolving: 

The FHL tax regime is transitioning in April 2025, but this presents an opportunity! The new system could simplify tax reporting. Stay tuned for the draft legislation – it might make things easier!

Landlords, the time to act is now! With a lower Capital Gains Tax rate, an easier entry point for new investors, and a potential simplification of FHL taxes, the property market is brimming with opportunity.

But where do you find the best properties?

Partner with James Anderson, your local property experts! We offer: A curated selection of the best rental properties in South West London.Expert advice on maximizing your returns and navigating the changing tax landscape.Seamless property management services, so you can relax and focus on the bigger picture.

Don’t miss out on this golden opportunity!

Contact James Anderson today for a free consultation and discover the best listings for landlords in South West London. Let’s build your property investment success story together!