I'm thinking with interest rates on deposits so low and likely to remain so for a couple of years before the inevitable slow rise would it not be a good idea to purchase a property before 311214 instead of leaving cash on deposit. I imagine if I invested say 150k cash in a second property I am thinking with say just a 5% increase over 7 years would leave me far better off in 7 years time if I wanted to sell the property - i.e hold for 7 years and pay no cgt on disposal. I am aware of property taxes involved. Anyone agree or disagree with me as i believe there is a smell of things picking up. I would be purchasing in a vibrant rural town. At worst if I rented the property and it never went up in value in the 7 years it's probably still a safer bet than cash on deposit return wise. Thoughts appreciated.
The CGT incentive will disappear at 31st December - right.
Amazed though that you purchased not knowing about the incentive as any EA worth there salt would be promoting this.
It will disappear as Noonan has said on several occasions it will. They will not want to lose out on CGT and i would imagine he probably regrets extending it for 2014.
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