Property Investor News is confident that capital gains tax will rise to 25 per cent.
Capital gains tax is expected to rise from 18 per cent to around 25 per cent in this year's Budget, according to one specialist magazine, which may affect those seeking a
commercial loan for
property investment.
The comments come soon after Cluttons reported a significant upturn in the number of investors in central London putting their properties on the market over fears that changes will be made to capital gains tax in this year's Budget.
Richard Bowser, editor at Property Investor News, said that he is "absolutely convinced" that capital gains tax will increase to 25 per cent, although he advised that the "devil will be in the details" regarding the allowances and reliefs available.
"People should always remember that only a few years ago it was 40 per cent, so they shouldn't be hung up about the fact that an extra X per cent will be required to be paid," he added.
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