Discover our budget-friendly rooms to rent in London, with rooms starting from just £400 per month, including bills. A new room in Southall has just come online for this rent amount, offering a great deal for those looking for affordable accommodation in London. This affordability ensures that you can find a comfortable place to live without breaking the bank./
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Budget 2024 – Stamp Duty Land Tax Raised for Landlords
The government has raised Stamp Duty Land Tax (SDLT) for landlords to 5%
on properties purchased up to the £250,000 threshold. Previously this
rate was 3%, a huge increase when considering the value of properties.
Increased
tax liability will discourage many small landlords from entering the
market or cause existing landlords to increase their rental portfolio.
Will Capital Gains Tax Changes Affect Rental Properties?
Chancellor Rachel Reeves announced changes to the rates of Capital Gains Tax (CGT) in the Labour government's first budget since coming to power.
However, the Chancellor has announced that the capital gains tax on the sale of buy-to-let properties and second homes will not be changed.