Budget 'includes landlord-friendly measures'

News Category: Industry News

This article was brought to you by Rentman the premium property management system.

Landlords may be pleased by the results of last week's Budget speech, because it contained several measures that will be useful for them.

This is the view of Tom Entwistle, director of LandlordZONE.co.uk, who stated that the Budget had been kind to property investors and businesses alike.

He explained that while increases to capital gains tax and VAT will have a general impact on spending, it should not affect landlords a lot.

"Measures this government is taking on reducing red tape and the cancellation of the previous government's changes to holiday lettings tax incentives are all landlord-friendly," he said.

Mr Entwistle added that landlords are finding finance easier to obtain, although it may be more expensive than previously.

Landlords will have to wait for the banks to be stabilised and the economy to grow for finance to become even more easily available, he explained.

In the Budget, chancellor George Osborne increased VAT to 20 per cent and capital gains tax to 28 per cent.

Buy letting agent software that works