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Stuart Law, Chief Executive of Assetz, responds to today’s Budget

12th March 2008 | back to article listings BACK    print this article PRINT

Stuart Law, Chief Executive of Assetz, responds to today’s Budget:

“It was a somewhat surprising decision from the Chancellor today, to plough ahead with his ill-conceived plans to change Capital Gains Tax, especially considering it was not until very recently that he finally clarified exactly what the changes would actually entail.

“However, contrary to popular opinion, I don’t believe we are likely to see a large influx of buy-to-let investors rushing to the market to sell all or even part of their current portfolios, just to capitalise on these changes.

“Instead, I expect to see those who are already planning to sell their property now delaying completion until the new tax comes into force, allowing them to benefit from the proposed changes – resulting in a rush of completions post 6th April.”

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