Brokers relaxed about CGT change
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Brokers believe scrapping taper relief for an 18% flat rate fee under changes to Capital Gains Tax will not affect buy-to-let.
BM Solutions asked 268 brokers and 56% said it would have no impact on the sector while 27% said the new rate would encourage investment. Just 17% said it would discourage landlords. Tim Hague, managing director of BM Solutions, says: "While CGT will form a part of clients' decision to invest, brokers don't think it's a deciding factor."
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