Labour’s new CGT will raise rents & jam up the market
If Labour’s CGT lands, rental supply falls, rents rise, and redevelopment grinds to a halt, here’s what to do.
John Kenel’s take on Labour’s proposed Capital Gains Tax. No fluff. Practical consequences for landlords, developers and investors.
What I cover:
• Why Treasury modelling points to roughly a 5% immediate rent rise.
• How targeting property only will shrink rental supply and clog redevelopment.
• Small business and home-office carveouts that may be lost.
• Why local trades and councils lose out when capital leaves for offshore shares.
• Practical steps: re-run feasibilities, check…
The skinny
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