Rob delves into the key property-related points from the Conservative Party's manifesto for the general election. He highlights the proposed tax break for landlords, including a 100% relief on capital gains tax for landlords selling to existing tenants, and an increase in the stamp duty threshold for first-time buyers to £425,000. The episode also touches on the pledge to maintain the current level of corporation tax and the goal to reduce borrowing and debt. 

KEY TAKEAWAYS

• Tax break for landlords: The Conservative Party manifesto includes a 100% relief on capital gains tax liability for landlords who sell to their existing tenants.
• Stamp duty threshold increase: The threshold for first-time buyers paying stamp duty will be raised to £425,000.
• Corporation tax: The manifesto states that the corporation tax level will not rise.
• Fiscal rules: The Conservative Party aims to meet fiscal rules of having public sector net debt falling and public sector net borrowing below 3% of GDP in the fifth year of the forecast.
• Supply and demand: While the manifesto offers some incentives, it may not address the fundamental issue of property supply and demand imbalance.

BEST MOMENTS

"While it's a good fishing line or fish hook there for landlords, and I'm sure there'll be people that would take them up on that should that come into force."

"The measures in this manifesto are fully funded and would result in lower borrowing in 2029-2030, which will be the target year of our fiscal rules in the first fiscal event of the new parliament."

"Would these things really be game changers? Would they really help things in the property world? I would argue that they might ever so slightly help, but in the bigger scheme of things, probably not."

"So yeah a couple of overtures there but nothing to really shout home about or really get excited about."

VALUABLE RESOURCES

https://www.msn.com/en-gb/money/other/new-5-000-deposit-mortgage-allows-homeowners-to-borrow-up-to-99/ar-BB1kAyPG?cvid=a8d56fce268a490ed6c3e1a701b2dae2&ocid=winp2fptaskbar&ei=5&sc=shoreline 

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