Stamp Duty logo for lettings investors

Most lettings investors want stamp duty surcharge scrapped

Perhaps unsurprisingly, a survey reveals that most buy to let and other lettings investors want the three per cent stamp duty surcharge on additional homes to be scrapped.

The survey, for lender mtf, says 75 per cent of lettings investors believe scrapping the additional duty hike on buy to let and second homes would improve conditions in UK real estate.

Meanwhile, 25 per cent are calling for a reversal on the changes to tax relief on buy to let mortgages. Those changes were introduced in April 2017 and have cut buy to let tax relief to 20 per cent from 45 per cent for top rate taxpayers.

Some 60 per cent of those surveyed revealed they had been negatively affected by the government’s reduction in mortgage interest tax relief.

However, landlords borrowing through limited companies can avoid the changes, instead paying corporation tax. Some 75 per cent of property investors surveyed revealed they now own properties in a limited company.

In June’s General Election, 60 per cent of lettings investors voted for the Conservative Party with just over a third citing housing as the policy that impacted their vote the most, followed by the economy and taxes.

In total, 100 per cent of those questioned said they felt the government was not doing enough to support them.

Blog Post from Letting Agent Today

See details of our Guaranteed Rent Scheme here

If you have any comments, please email the author of this article and click on the link above

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Registered Office: Woodgate Studios, 2-8 Games Road, Cockfosters, Hertfordshire, EN4 9HN | Registered in England and Wales | Registered Company No. 3961047 | VAT Registration No. 752 6015 48


Social Media Auto Publish Powered By :
Google Rating
Based on 110 reviews