150% tax for BTL investors?!?!?!?

[13m]

PurpleMoonlight said:

13m, how are your profits on sale currently taxed? CGT or Income Tax?

CGT

[PurpleMoonlight]

Seem to me the taxation of BTL investments is a complete shambles.

It's neither completely investment or completely business but a mixture of the two.

[NicD]

PurpleMoonlight said:

Seem to me the taxation of BTL investments is a complete shambles.

It's neither completely investment or completely business but a mixture of the two.

why does that make it a 'complete shambles'?

The Government influences our behaviour by adjusting the tax regime. Seems very sensible (and speaking as one affected by this change)

[Eric Mc]

It's always been a rather messy area - especially when you also include income from holiday lettings, agricultural lettings, commercial lettings etc - which are all treated differently in even more different ways.