New tax changes could leave more than a million buy-to-let property owners facing a loss on their investments, according to a new study . From April, landlords must pay a higher stamp duty when buying property, and from next year they will get a reduced tax allowance. The intermediary mortgage lending association IMLA suggest tax increases aimed at investors won't reverse growth in PRS / buy-to let , though slowing of growth in buy to let sector will be felt . Though ,Further evidence is emerging of the pressures that are building on buy-to-let landlords as a result of the Government’s tax increases. Even a modest rise in interest rates would force losses on property investors in 70pc of locations, new figures show, while more landlords have come forward to say they will sell their properties or raise rents in response to the abolition of tax relief on mortgage interest and the new stamp duty penalty. The research found that today’s av...
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