Solicitors in Essex

Buy-To-Let judicial review – campaigners extend fundraising deadline

Buy-To-Let judicial review – campaigners extend fundraising deadline

Buy-To-Let judicial review – campaigners extend fundraising deadline

Two landlords, who are hoping to obtain a judicial review of the Chancellor’s restrictions on buy-to-let mortgage tax relief, have extended their fund-raising deadline until the end of June.

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New buy-to-let stamp duty rules hit parents trying to help children buy a house

New buy-to-let stamp duty rules hit parents trying to help children buy a house

Parents putting their name on a mortgage to help their children buy a house are set to be stung by the 3 per cent Stamp Duty Land Tax (‘stamp duty’) penalty aimed largely at buy-to-let landlords.

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Tax rises will have impact on buy to let market

In his July 2015 budget, the Chancellor put buy-to-let investors in his crosshairs by scrapping a tax relief that allowed them to offset the interest on their monthly mortgage repayments, against their income tax bills, on the rent they receive. Then, in his November 2015 Spending Review, he went one step further by increasing stamp duty on purchases of additional residential properties – adding 3% on top of the standard rates.

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