Property Investment - Why does the Chancellor discourage it?
The 2007 Budget continued a trend that started in 1997 with Gordon Brown’s first Budget that targeted property investment by increasing stamp duty. This time round, in his eleventh budget, he has taken away and/or reduced capital allowances on industrial hotel and agricultural buildings as well as on plant and machinery and on fixtures integral to buildings.
Property investors will have to cope with the financial impact of the changes together with the proposed 2009 introduction of Planning Gain Supplement.
These changes will impact all UK businesses that own property – if you are interested and want to know more
Date: 15th June, 2007
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