How much is UK buy-to-let worth?<\/h4>\n
Octane Capital research has found that the UK buy-to-let sector is now worth around \u00a31.7trn, taking into account the total value of property stock. This figure has increased by almost \u00a3240bn over the past five years, says the firm.<\/p>\n<\/article>\n
This means there are around 5.5 million privately rented homes in the UK, with London<\/a> accounting for around 19% of this with more than a million properties.<\/p>\n With so many people relying on buy-to-let for accommodation, the sector is hugely important and should therefore be supported rather than penalised, many argue. There can be a lot of stigma attached to being a ‘landlord’, and a recent survey even showed that 73% feel they are unfairly portrayed as \u201cthis generation\u2019s financial bogeyman\u201d.<\/p>\n Gavin Richardson, managing director of Mortgages for Business, which conducted the survey, said: “What would happen if we took landlords out of the housing equation? The impact on the property market would be significant and almost entirely negative.<\/p>\n “It\u2019s not as if the government is pouring money into social housing \u2013 or making any progress on housebuilding<\/a>.<\/p>\n \u201cFrankly, the government should be championing landlords and lauding their contribution to the housing sector \u2013 landlords are bailing the government out!\u201d<\/p>\n At the moment, the first \u00a312,300 of capital gains each year is exempt from tax. Above this amount, basic rate tax payers pay 10% tax, and higher and additional rate taxpayers pay 20%. For residential property, basic rate taxpayers pay 18%, while higher rate taxpayers pay 28%.<\/p>\n For more information on rates, allowances and more, see the government website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Last year, the government shelved its plans to reform capital gains tax, but industry experts warn the threat of a future rise could impact the private rented sector.\u00a0 In December last year, the Treasury passed over previous suggestions by the Office of Tax Simplification (OTS) to bring capital gains tax rates level with income tax,… Read more »<\/a><\/p>\n","protected":false},"author":1069,"featured_media":6028752,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2,26],"tags":[402],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/posts\/6040298"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/comments?post=6040298"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/posts\/6040298\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/media\/6028752"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/media?parent=6040298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/categories?post=6040298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/tags?post=6040298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Current capital gains tax rules<\/h4>\n