Property News · November 27, 2015

Rise in buy-to-let stamp duty 'could restrict supply of new homes'


Osborne’s plan to increase taxes on property investors may jeopardise funding for newbuild developments, say analystsThe chancellor’s plan to increase stamp duty for buy-to-let investors could lead to new housing developments stalling and rents increasing for tenants of private rented accommodation, property analysts have warned.George Osborne announced in the autumn statement on Wednesday that buy-to-let investors and second home buyers will pay an extra three percentage points of stamp duty from next April. This means on a £250,000 property they will pay £10,000 of stamp duty, rather than £2,500. Continue reading…

Source : theguardian.com
Read more…Rise in buy-to-let stamp duty ‘could restrict supply of new homes’

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