How Will Labour's 39% Top Tax Rate Impact Investor's Ability to Borrow From The Bank? | Ep. 434
- Author
- Opes Partners
- Published
- Wed 18 Nov 2020
- Episode Link
- https://podcasters.spotify.com/pod/show/propertyacademy/episodes/How-Will-Labours-39-Top-Tax-Rate-Impact-Investors-Ability-to-Borrow-From-The-Bank---Ep--434-emj57n
In this episode, we discuss Labour's new top tax rate of 39% and whether it will have an impact on property investor's ability to secure a mortgage.
Throughout the show, we run multiple models to figure out exactly how much less a high-earning property investor would be able to borrow from the bank. We end up agreeing that fro each $10k you earn over the threshold ($180k), you will be able to borrow about $8.5k less than you otherwise would be able to.
We also mention our new number, which you can text us on. If you have a topic suggestion or a question, feel free to text us on 5522 and we will message you back.
