Increases in Capital Gains Tax could affect buy to let market.

The Government’s plans to raise capital gains tax (CGT) from 18 per cent to up to 40 per cent on second homes came just as confidence appeared to be returning to the buy-to-let market.

Last week, The Mortgage Works, part of Nationwide, launched its first buy-to-let deal requiring only a 20 per cent deposit — previously, 25 per cent was needed.  Read more...