TPP607: Budget Reaction: How are property investors affected?

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.8 • 2K Ratings

🗓️ 31 October 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The wait is over! After months of anticipation, the budget announcement has finally dropped. With endless speculation around changes to capital gains tax and more, landlords and investors have been left wondering what these updates mean for their investments. In this episode, Rob & Rob share their candid reactions and break down the budget’s biggest announcements every investor needs to know. Find out how these changes could impact the property world and what it means for your investment strategy – tune in now! Enjoy the show? Leave us a review on Apple Podcasts - it really helps others find us! Sign up for our free weekly newsletter, Property Pulse Find out more about Property Hub Invest

Transcript

Click on a timestamp to play from that location

0:00.0	After months of fevered speculation the budget has finally taken place
0:06.6	with 40 billion pounds worth of tax increases being announced but who's going to
0:11.7	be paying them is it going to be you? How are
0:14.0	property investors affected? Keep listening to find out.
0:29.3	Welcome to the Property Podcast. This is Rob D without Rob B for what I think may be the first time ever on this podcast. He is on holiday. This isn't his first holiday in 10 years I could
0:34.9	exclusively reveal but normally we work around holidays but this week we
0:38.7	couldn't do that because we knew that we needed to bring you our reaction to
0:41.7	the budget as soon as it had happened.
0:43.7	So as I'm recording this, Rachel Reeves has just sat down, I've just got off the phone with Rob,
0:48.4	and in this episode I'm going to share with you everything you need to know from a property investor's perspective.
0:53.0	So let's get the big one out of the way first.
0:56.0	It was all going so well. I was even getting worried about what I would say in this
1:00.0	podcast. I thought I was going to have to turn on the mic
1:02.0	say, well, no big news and just turn it
1:03.8	straight off again but then this happened an announcement that the stamp duty
1:08.1	surcharge for investors was being increased from 3% to 5%.
1:12.8	It did annoy us both somewhat.
1:14.4	It sounds a bit nitpicky,
1:15.4	but it did annoy us that it was deliberately
1:16.9	referred to in her speech as a tax on second homes,
1:20.8	which paints a certain picture, doesn't it? But of course it's not second homes, it's all investment properties, assuming you own a home already.
1:27.0	Now this takes place immediately or rather from the 31st of October, and according to the document that has just been
	...

Transcript will be available on the free plan in -152 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Rob Bence & Rob Dix, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Rob Bence & Rob Dix and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.