Call to suspend Stamp Duty for some landlords
Simon Gerrard, the Managing Director of the Martyn Gerrard agency and Past President of the National Association of Estate Agents, has called for a suspension of UK stamp duty for mid-tier landlords. Gerrard argues, that in the wake of Brexit, the only people pulling out of deals are investors. He agrees with the government’s strategy to de-risk the lower end of the market and also to discourage accidental landlords, but argues a different approach is required for the professional and corporate end of the investor spectrum. He suggests that stamp duty should be suspended for those with at least five properties in their portfolio.
Full story available from opp.TODAY: http://www.opp.today/call-for-stamp-duty-suspension-to-boost-uk-landlords/