Unexpected Stamp Duty rise affecting Buy To Let and second home buyers

Stamp Duty rise

The Chancellor has announced an unexpected tax rise for buy-to-let and second home buyers – an additional 3% stamp duty on new purchases to raise £3.8bn over the next five years. Corporate and fund investors are likely to be exempt from the new increase. It follows on from the recent restriction on mortgage interest tax relief for buy-to-let landlords.

Taken together, these recent measures seem to show the Chancellor encouraging a shift in the residential rental sector away from amateur landlords.

Read more

 

Buy Genuine Luxury Swiss Watches - Huge Discounts from Heritage Watches

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s