2 ms·
I believe that since this was written the UK has increased taxes and stamp duties for BTL. The taxes are increased by reducing the tax relief on interest while
by quickthrower2 5y ago
I believe that since this was written the UK has increased taxes and stamp duties for BTL.
The taxes are increased by reducing the tax relief on interest while still taxing the income.
This means those who can buy houses without debt are OK but buy to let fuelled by newly borrowed money should be harder.
- fy20 5y agoAll that's gonna mean is that instead of some middle-class IT worker who has saved up a deposit for a second home buying it themselves, they'll put that money into an investment fund and they will buy the home.
- quickthrower2 5y agoYeah there are always loopholes but HRMC is quite good at cracking down on systematic tax avoidance