'The Government has acknowledged the important role the buy-to-let sector plays in driving forward the economy, so we're hopeful that our wish list for the sector will come to fruition.' 'Additionally, new buy-to-let landlords should be encouraged through build-to-rent schemes. Capital gains tax is levied on the profit when an asset is sold. It affects profits above the annual capital gains tax allowance of £12,300. ARLA Propertymark says that any changes to increase capital gains tax will have a 'considerable negative impact' on existing and prospective landlords.

Source: Daily Mail December 22, 2020 07:18 UTC