Episode 224: The Budget's Impact on Property Businesses and Mortgages

In this episode, Stuart, Simon, and resident mortgage broker Simon Glastonbury discuss the recent budget's impact on property businesses. They cover the VAT threshold increase, the capital gains tax reduction for property sellers, and the decrease in the tax-free allowance. Stuart welcomes tax reductions, while Simon Glastonbury highlights how the lower allowance might negate tax rate benefits for some. They address the budget's effects on landlords and first-time buyers, expressing disappointment over the absence of 99% loan-to-value mortgages. They also debate the abolition of multiple dwellings relief and its implications for large investors. The episode offers a detailed analysis of the budget's influence on property investment and ownership. Join our email newsletter for extra, exclusive resources. Episode links: Special guest - mortgage broker Simon Glastonbury. The budget. Removal of Multiple Dwellings Relief. Reduction in Capital Gains Tax. Reducing CGT exempt allowance. What the Furnished Holiday Let tax changes might mean. Find us on Twitter, YouTube or LinkedIn: Stuart, Simon. Subscribe to The Business of Property podcast on Spotify, iTunes, and all podcast platforms. Join our email newsletter for extra, exclusive resources. Please leave us a rating and review if you're enjoying the show. This podcast is produced in association with PaTMa, the leading application for self managing landlords who want to save time and stay compliant. Easily track properties, tenancies, tenants, repairs, rent, mortgage payments and safety certificates. Get your FREE account today.Special Guest: Simon Glastonbury.