A new Winter Economy Plan sees the Government try to support tenants and those affected by COVID-19 pay their rent in an attempt to combat the £437 million of lost landlord rental income. Predicted changes to Capital Gains Tax regulations could now be a net benefit to landlords as it is proposed that tax is only paid on capital gains above the rise in monetary inflation and more in this week’s Progressive Property weekly news update with your host, Kevin McDonnell. 

Join the Progressive Property Community


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How to Perfectly Invest £5,000 | The Best Stocks | Property | Gold & Classic Cars

Watch Live On The Progressive Property YouTube Channel Every Monday At7PM Tiny.cc/PPTV

Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes

 

 

KEY TAKEAWAYS

Weekly Property News

 
The Winter Economy Plan: The Government have announced at New Jobs Support Scheme and extension tp self-employment income support with over £1 million businesses also receiving extra flexibility in paying back Government loans. With the end of the furlough scheme predicted to cause many household difficulties in paying rents these measures will help to combat this as private landlords across England have faced rental losses of up to £437 million as a result of COVID-19. The Government should follow hardship loan schemes set up in Scotland and Wales to help support tenants to pay their rent as a result of the COIVD-19 pandemic and landlords are now seeking out Government-backed tenant income to ensure rent is paid through schemes such as supported living and housing benefits.


Landlord Today: Capital gains tax changes could result in landlords paying less, not more tax. Historically capital gains tax is not applied on all profits, only those that are above standard measures of inflation. If the Government is to reform capital gains tax regulations then they need to reintroduce a form of inflammatory relief, meaning a potential benefit for most landlords that purchased property in the 1990s and 2000s. 



Progressive Property Community News & Discussions

 
What do you do when a property purchase is down-valued? There has been an upsurge in property prices due to furlough, people moving out of the cities, an influx of foreign money coming into the UK, stamp duty holidays etc, however, lenders who value the property are concerned about a downturn in the market in 2021 and are assessing the property from a safe loan to value metric, not simply how much is the property worth. Also, remember that if you’re purchasing a property and it is downvalued that is a net=benefit to you as the investor.



BEST MOMENTS
“The Government should follow hardship loan schemes set up in Scotland and Wales to help support tenants to pay their rent as a result of the COIVD-19 pandemic.”
“A lot of landlords are looking for Government-backed income through new schemes such as supported living and housing benefit tenants to ensure rent is paid”
“You’ve always got to have income coming in no matter what is happening in the current economic climate.”
“There are interesting times ahead with how the Government is going to try to recoup all of that furlough money.”


SUBSCRIBE TO THE A NEW INVESTMENT SERIES

Episode One: How to Perfectly Invest £10,000 | The Best Stocks | Property | Gold & Classic Cars
Watch Live On The Progressive Property YouTube Channel Every Monday At7PM Tiny.cc/PPTV
Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes

ABOUT THE HOST

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   

CONTACT METHOD

https://www.facebook.com/kevinMcDonnellProperty/

https://kevinmcdonnell.co.uk/

 

 

 

 

 

 

 

 

 

A new Winter Economy Plan sees the Government try to support tenants and those affected by COVID-19 pay their rent in an attempt to combat the &pound;437 million of lost landlord rental income. Predicted changes to Capital Gains Tax regulations could now be a net benefit to landlords as it is proposed that tax is only paid on capital gains above the rise in monetary inflation and more in this week&rsquo;s Progressive Property weekly news update with your host, Kevin McDonnell. Join the <a href="https://www.facebook.com/groups/progressivepropertycommunity/">Progressive Property Community</a>
 SUBSCRIBE TO A BRAND NEW MINI-SERIES
<a href="https://www.youtube.com/watch?v=ola_M3mWjj0&amp;ab_channel=ProgressiveProperty">How to Perfectly Invest &pound;5,000 | The Best Stocks | Property | Gold &amp; Classic Cars</a>
Watch Live On The Progressive Property YouTube Channel Every Monday At7PM <a href="http://tiny.cc/PPTV">Tiny.cc/PPTV</a>
Listen To Audio Recordings On The Money Podcast <a href="http://bit.ly/moneypodcastitunes">bit.ly/moneypodcastitunes</a>
&nbsp;
&nbsp;
KEY TAKEAWAYS
Weekly Property News
&nbsp;
<ul>
<li>The Winter Economy Plan: The Government have announced at New Jobs Support Scheme and extension tp self-employment income support with over &pound;1 million businesses also receiving extra flexibility in paying back Government loans. With the end of the furlough scheme predicted to cause many household difficulties in paying rents these measures will help to combat this as private landlords across England have faced rental losses of up to &pound;437 million as a result of COVID-19. The Government should follow hardship loan schemes set up in Scotland and Wales to help support tenants to pay their rent as a result of the COIVD-19 pandemic and landlords are now seeking out Government-backed tenant income to ensure rent is paid through schemes such as supported living and housing benefits. </li>
<li>Landlord Today: Capital gains tax changes could result in landlords paying less, not more tax. Historically capital gains tax is not applied on all profits, only those that are above standard measures of inflation. If the Government is to reform capital gains tax regulations then they need to reintroduce a form of inflammatory relief, meaning a potential benefit for most landlords that purchased property in the 1990s and 2000s. </li>
</ul>
Progressive Property Community News &amp; Discussions
&nbsp;
<ul>
<li>What do you do when a property purchase is down-valued? There has been an upsurge in property prices due to furlough, people moving out of the cities, an influx of foreign money coming into the UK, stamp duty holidays etc, however, lenders who value the property are concerned about a downturn in the market in 2021 and are assessing the property from a safe loan to value metric, not simply how much is the property worth. Also, remember that if you&rsquo;re purchasing a property and it is downvalued that is a net=benefit to you as the investor. </li>
</ul>
BEST MOMENTS &ldquo;The Government should follow hardship loan schemes set up in Scotland and Wales to help support tenants to pay their rent as a result of the COIVD-19 pandemic.&rdquo; &ldquo;A lot of landlords are looking for Government-backed income through new schemes such as supported living and housing benefit tenants to ensure rent is paid&rdquo; &ldquo;You&rsquo;ve always got to have income coming in no matter what is happening in the current economic climate.&rdquo; &ldquo;There are interesting times ahead with how the Government is going to try to recoup all of that furlough money.&rdquo;
 SUBSCRIBE TO THE A NEW INVESTMENT SERIES
Episode One: <a href="https://www.youtube.com/watch?v=ola_M3mWjj0&amp;ab_channel=ProgressiveProperty">How to Perfectly Invest &pound;10,000 | The Best Stocks | Property | Gold &amp; Classic Cars</a> Watch Live On The Progressive Property YouTube Channel Every Monday At7PM <a href="http://tiny.cc/PPTV">Tiny.cc/PPTV</a> Listen To Audio Recordings On The Money Podcast <a href="http://bit.ly/moneypodcastitunes">bit.ly/moneypodcastitunes</a>
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor &amp; Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people&rsquo;s property to create financial freedom.&nbsp;&nbsp;&nbsp;
CONTACT METHOD
<a href="https://www.facebook.com/kevinMcDonnellProperty/">https://www.facebook.com/kevinMcDonnellProperty/</a>
<a href="https://kevinmcdonnell.co.uk/">https://kevinmcdonnell.co.uk/</a>
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The Progressive Property Podcast helps you make smarter property & real estate investments, for leveraged property success & financial freedom, even with little or no money down. Whether you're a buy & hold investor, flipper, deal packager, multi-letter, want to get started, scale up, systemise or create multiple streams of property income, the Progressive Property Podcast will save you time & mistakes & help grow your knowledge, skills, & confidence. No fluff or filler, no ads and deep-dive real life information from real-deal investors who have some of the UKs largest portfolios. Interviews with millionaires, billionaires & successful real life Progressive Property community members will help you build your income generating portfolio in less time. Invest for freedom, choice & profit.

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