On Wednesday, chancellor Rishi Sunak announced an increase in of £500,000 in the threshold for property stamp duty relief in England and Northern Ireland. The general reaction to the news among the mortgage industry was positive, with the hope that the decision will get the market moving quickly after months of struggles amid the Coronavirus…
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Experts at C4P Estate and Letting Agents are more than happy to answer if you have any property related questions. Following are some of the interesting questions asked to us and their answers by our experts: Q. I am currently living in rented accommodation, having sold my previous main residence nearly 18 months ago….
Chancellor has continued his assault on buy-to-let investors in his Budget 2016. Stamp Duty surcharge of 3% on residential property to apply to all investors regardless of size. In his last budget speech, he announced that 3% additional surcharge will be levied on second home and buy-to-let residential properties. It was suggested by many think-tanks…
Along-with new stamp duty rates, Chancellor has introduced many other new taxes to punish landlords of buy to let properties. From partial allowance of mortgage interest to non-reduction of capital gain tax on residential properties, there are many attacks which Chancellor has made on landlords since he assumed power. From 1 April 2016, a new stamp duty regime on residential sale…