The recent recovery in house prices could be reversed if rates of capital gains tax are increased, leading members of the Royal Institution of Chartered Surveyors have warned.
Some owners of second homes and buy-to-let investors could sell, while the proposed changes might deter many potential purchasers from investing in property, the estate agents have warned.
In the latest monthly house price survey undertaken by RICS, the leading trade body, many of its members warn the uncertainty over the planned changes will damage the market. Over the last year prices have rebounded strongly, climbing 9.8 per cent according to the Nationwide building society. Please click her for full article
