With yesterdays long awaited budget announcement done and dusted the property market remains generally unscathed.  The 250,000 Stamp Duty break for first time buyers remained the same, whilst Landlords owning furnished rental holiday homes were breathing a sigh of relief as the restrictive tax measures were thrown out.

Capital Gains Tax however, left buy-to-let landlords fearing for their properties financial future, with the rise for high-rate tax payers being increase d from 18% to 28%, although comparitevely CGT from three years ago was considerably more frightening at 40%.

      Ian Potter , (Operations Manager of ARLA) commented: ‘ The planned rise of CGT may not be as extreme as many had anticipated, but it still comes with little consideration for the needs of landlords. Because of this, the Chancellor risks driving thos landlords paying the higher rate of tax from an already very fragile housing market, at a time when they should be actively encouraged to stay and , ideally, further invest.’