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.
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KEY TAKEAWAYS
Weekly Property News
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“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.”
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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.
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