2016 Budget update for Property

  • 0 Comments
  • March 18, 2016
  • by astonknowles
  • 2016, budget, developers, landlords, property, Tax,
  • Leave a comment
Property developers and landlords The Chancellor previously announced two measures which caught investors by surprise however, there were no further announcements this time around. Firstly, the cut to mortgage tax relief (relief Landlords can claim on mortgage interest) will be set at the basic rate of tax – currently 20% and secondly the 3% stamp duty
Read More

How the new Budget will affect the property market.

  • 0 Comments
  • March 21, 2014
  • by astonknowles
  • budget, duty, market, property, stamp,
  • Leave a comment
Changes were expected from George Osborne within the 2014 Budget however, there was a disappointing reaction as in reality the measures confirmed are those that had already been hinted at in the run up to the budget. The main changes will see more homes fall into the tax net as the government aims to deter investors from avoiding stamp duty, inheritance tax and leaving houses unoccupied.
Read More