WILL PRIVATE TENANTS BE THE ONES WHO PAY FOR BUY TO LET TAXATION CHANGES?
Will the proposed changes in Buy to Let taxation and stamp duty provide more opportunities to first time buyers and ease the pressure on property prices?
Buy to let investments may no longer be an attractive investment option as a result of these tax changes.
In his Autumn Statement, the Chancellor said: ‘Frankly, people buying a home to let should not be squeezing out families who can’t afford a home to buy.’
We however are worried that Landlords may simply pass the increases in stamp duty and taxation to tenants in the form of increased rents, which is possible in a market where demand outweighs supply.
