Buy to let investors tax bombshell !!

Tax hike hits buy to let owners in the UK!!

The UK government has announced tax changes that will make buy to let property investors think twice about continuing this form of investment.

Tax changes will mean landlords having to pay tax on the FULL rent received, before mortgage payments are removed.  For many this will result in an increase in tax paid of up to 100% and make the viability of renting a tough business.

Condo hotel investors on the other hand are not affected by these changes and can offset tax with expenses as any normal business would seek to do.  The latest offers on condo hotel units provide further incentives for buy to let landlords to switch to condo hotels, not least the worry free, hands off nature of condo hotels investment.

Cape Verde developers are offering to pay 7% ROI during the development phase and Manila Bayshore is still running a 12.5% discount for cash buyers.

I hope this makes you consider your future investments, please get in touch to discuss if a condo hotel unit investment sounds like a good idea to you, we can help advise!!  You can get me here dave.nurse@manggaproperties.com

Thanks for your time

Dave