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While the Bank of England has faced the dilemma of how much funding assistance to give to the UK markets without allowing backs to benefit directly, this situation is now being replicated in Europe...
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Monday 11th June 2007
The over-50s are set to make a move en masse into the property market in the coming years, according to new research.
Figures from Saga have suggested that almost a quarter more over-50s are planning to become landlords in the next 12 months, as the potential for investment in the property sector shows little sign of abating.
With the buy-to-let boom expected to continue, many over-50s are planning on investing in the property market as a way to supplement their income during their retirement.
However, Saga is calling on landlords and potential landlords to take tax advice so that they can make the most of their investment and take tax relief where possible.
"As more and more decide to follow this route, it is important that they understand the tax implications that rental income will have," said Andrew Goodsell, chief executive of Saga.
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