Our esteemed Chancellor clearly needs a ‘bit of a rest’ over the Christmas holidays since it appears that he has got a ‘bee up his nose’ in respect of Buy-to-Let investments.  What on earth is going on at number 11 Downing Street? Perhaps he needs a back rub and some chamomile tea, to calm him down.

His first anti Buy-to-Let initiative was limiting Tax Relief to the lower Tax band on rental income that will ‘bite’ in 2017. Then, his second move was to impose a 3% Stamp Duty Tax Premium on Buy-to-Let investments in the last Autumn Statement and, as if this were not enough, he has now proposed two more impositions on this sector. Continue reading →

You have heard it first and it’s now official, ‘Britain has the highest property taxes in the World’ according to the latest survey of Global Tax Revenues by the OECD announced last week.

Taxes on Bricks & Mortar accounted for 12.3% of the total ‘tax take’ in 2013 – sharply up from 11.8% the previous year and over double the average of 5.6%. Continue reading →