Flipping great
What will the government do in 2010? Reforms to capital gains tax are hotly tipped for next year will see everyone pay something not just those whose property is valued over £175,000. Plus, since MPs have been caught out, a stop to the practice of ‘flipping’ where landlords change their ‘home’ nominated property to avoid paying a share on the sale. This is thought to be planned by both Tories and Labour, so something they can both agree on!
As you can see from House Price Spy prices are just about stable without many sales, actually they were slightly down over the last month in England but this is to be expected with Christmas coming up and so many people booking holidays. Reliable sources are predicting a gradual rise into 2010 where the trend is se to continue, any hope of a fast recession busting boom will be out of luck but for the long term we are moving in the right direction.
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