Property News · April 13, 2016

Blairs add Manchester flats to property empire before stamp duty deadline


Records show Cherie Blair and son Euan added homes in Whalley Range to their burgeoning residential portfolio before 1 April landlord tax kicked inCherie Blair and her eldest son, Euan, appear to have added recently to the family’s property empire, with files for their company showing they took out a mortgage on four flats in the north-west shortly before a new tax for landlords and second homebuyers came into force.Records for Oldbury Residential show that it registered a charge with Companies House, related to four properties in the Whalley Range area of Manchester, a suburb a couple of miles from the city centre popular with young professionals. The flats are each likely to bring in around £500 a month in rent, a total of £24,000 a year before tax. Continue reading…

Source : theguardian.com
Read more…Blairs add Manchester flats to property empire before stamp duty deadline

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