Government plans discourage 1 in 4 BTL investors
Research from online investment platform rplan.co.uk has discovered that 9% of UK adults have given up on aspirations to own a BTL property because of the government’s plan to introduce a 3% additional stamp duty and cut tax relief on their finance costs. While 30% of UK adults are still considering whether to do so, around one in seven (14%) existing landlords say they will now sell one or more of their properties because of the new rules. Stuart Dyer, rplan.co.uk’s CIO, said: “The British have strong faith in property as an investment and many see it as a means of providing a pension income. But the government clearly has a policy to dis-incentivise BTL.
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