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