Simon examines the recent Labour government budget, marking the first in 14 years, and its implications for property investors. He highlights unexpected decisions regarding capital gains tax and stamp duty, revealing how these changes could influence the property market.
Simon also looks at the potential for increased rental rates due to a decrease in available rental properties as landlords exit the market. Additionally, the episode explores the concept of purchase lease options as a strategic investment approach, allowing investors to control properties without immediate purchase, thus capitalising on market opportunities.
KEY TAKEAWAYS
BEST MOMENTS
"I was wrong about capital gains tax... the Labour government have not changed the capital gains tax rates for residential property."
"What this means is there's probably going to be a fall in the amount of rental property available, which is going to cause a bit more of a shortage."
"There will be a bit of time where people think, 'Oh, I'm not sure if I really want to invest in property,' but eventually, that's going to happen."
"We can help them earn more money than they would if they sold and put the money in the bank."
VALUABLE RESOURCES
To join Simon on his Emergency Budget Webinar to find out more about how you can use Purchase lease options to control property and not have to pay 5% stamp duty, register here. https://bit.ly/EWBGCF
To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).
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Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.
Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.
Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way. How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.
Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.
Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.