March 21, 2016
Buy To Let Hit Again
The Telegraph’s Olivia Rudgard says the exclusion of buy-to-let landlords from a cut in capital gains tax is another blow, following the 3% stamp duty increase and a ruling that as of 2017 landlords will not be able to deduct their mortgage interest payments from their rental income before calculating the tax due. She says landlords will effectively be paying tax on their turnover, instead of their profit, and could suffer financially. Ms Rudgard also assesses the likelihood of investing in buy-to-let via a company offering improved returns. Elsewhere, Anna Mikhailova in the Times also looks at the climate for buy-to-let landlords, saying the Chancellor last year “declared war” on the sector.