Is A Land Tax A Good Idea?: Are Andy Burnham’s land tax plans a sign of major reform? In a recent video, I examine potential shifts in land tax, council tax, and stamp duty policy.
In the video, I ask: is a land tax a good idea? I look at both the pros and the cons, and explain how to profit as a property investor. If you invest in UK real estate, make sure to watch this one all the way through!
You can watch the video on YouTube, or at the top of this blog post. If you watch it on YouTube, let me know what you think of the idea of a land tax!
The proposals for a land tax are currently combined with a proposal for the removal of stamp duty, and council tax. Therefore, this has the potential to have a massive impact on the property market both positive, and negative, depending on your perspective.
In this article, I will give you 5 possible outcomes of Andy Burnham’s land tax plans. This will allow you to position yourself to make a profit, no matter what happens!
If you find this blog post useful, please help it to reach more people! Please share this article on social media. That way, landlords will be ready for the proposed changes to property tax! Sharing our blog posts makes a big difference, so thank you to everyone who does!
1. Is A Land Tax A Good Idea?: The End Of Lazy Investors!
If a land tax comes in, it will be harder for lazy investors! These are the sort of investors who buy large property portfolios in places like London, purely for capital appreciation, or wealth preservation.
These investors don’t rent their properties out, and simply keep them empty. This could be a less attractive option going forward, depending on how the land tax is structured.
2. Is A Land Tax A Good Idea?: Regional Rebalancing!
A land tax could cause a rebalancing of house prices. While the tax burden on houses in London will likely increase, you may see a decrease for cheap homes in the north.
This, combined with the removal of stamp duty, may see house prices drop in London, and rise in cheaper areas.
3. Is A Land Tax A Good Idea?: Increased Market Liquidity!
If stamp duty is removed, it will mean that it is much easier for people to sell their properties. Buyers will be able to purchase without saving up to pay stamp duty on top of the deposit!
This will make the property market much more liquid, with less friction when buying or selling.
4. Is A Land Tax A Good Idea?: An Opportunity For Deal Sourcers!
Investors will be making a big saving when buying a property if stamp duty is abolished. That means they will be looking for more deals.
Not only that, because investors will be making a saving, this will be a great opportunity for deal sourcers to increase their prices!
A profitable deal now will be an extremely profitable deal when there is no stamp duty. Deal sourcers should take advantage of this fact!
5. Is A Land Tax A Good Idea?: How It Could Be Done Terribly!
All that said, we don’t know the details of the proposal yet. In the worst case scenario, they could keep stamp duty and council tax, and just add a land tax on top!
We will need to watch what happens carefully, and adapt accordingly!
Is A Land Tax A Good Idea?: Good Or Bad, You Can Profit In Any Market!
So, is a land tax a good idea? Whether it is a good or bad idea, I can teach you how to make money in any market! Join me at my next introductory online training event!
We have different online trainings throughout the year, each teaching different things. Here is a sample of what you could learn on one of our online introductory webinars:
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The SECRETS to becoming a successful property investor​​​​​​​
     Get immediate and actionable insights to accelerate your property investment journey.
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How to LEVERAGE other people's money to get started​​​​​​​
     Begin to understand the strategies to use to reduce the barriers to getting started.
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How to FIND fantastic property opportunities
     Understand where property professionals source the best deals.
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How to RECYCLE your money again and again
     Don't just do it once, repeat the process to build your property portfolio.
Property investing is not just for the rich! Learn the strategies that thousands of people have used to not only start investing, but become financially free! Tickets are free, so book your property training webinar now. If you are ready to take action, I hope to see you very soon!
