How will the stamp duty increase affect your property investment?
A poll by Rentify shows that 54.6% of buy-to-let landlords believe the 3% increase in stamp duty for buy-to-let investors was likely to affect the value of their investments. In addition it is reported that lending to limited companies has doubled to 5,000 a month since George Osborne’s budget announcement. Either buying properties in a limited company or considering whether or not you meet the tax relieving conditions that allow you to transfer an existing portfolio in to a company is certainly worth investigation. We are looking at this with many of our clients at the moment and there are many factors to take in to account to ensure you are taking longer term intentions in to account. It is a complex area but one we have experience helping with.
Date: 16th December, 2015
Articles from this Author
20th July, 2017
Uncertain times for winding up transactions
3rd July, 2017
9th June, 2017
27th April, 2017
Government places Making Tax Digital legislation on hold
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole