A recent survey by the UK Association of Letting Agents (UKALA) has shown that many of the UK’s landlords would combat rising costs by ceasing to use letting agents. Nearly half of those landlords who responded to the survey said that this would be a cost-cutting measure they would take […]
Building Society Calls for Stamp Duty Reform
Yorkshire Building Society has called for changes to be made to the way that property purchases are taxed. The firm has encouraged the government to consider reforms which would mean that sellers rather than buyers are responsible for paying stamp duty when a property changes hands. The move, Yorkshire Building […]
Property Investors Dodging Stamp Duty Rise With Loopholes
A 3% stamp duty surcharge on second homes, including residential investment properties, is one of the most recent and most well-publicised changes to the UK’s buy-to-let landscape. However, some landlords are making use of a “loophole” which allows them to avoid the surcharge when making a residential investment: buying flats […]