Buy to Let Stamp Duty Change – A Catastrophe or an Opportunity?
Published: 04/12/2015 By Stephen Clements - Sales Manager
In the chancellors autumn budget statement buy-to-let investors and those purchasing second homes are to be hit with an additional 3% increase in Stamp Duty Land Tax from April 2016. Additionally anyone selling a buy-to-let or second property will have to settle their Capital Gains Tax liability within 30 days. This coupled with a change in Mortgage offset relief “is a catastrophe for the private rented sector” according to reports from ARLA.
How can Hamilton Chess help?
Hamilton Chess believe Landlords will remain in the industry and that the housing market will be ‘turbo-charged’ in the short term with Landlords embarking on a pre April 16 buying spree which could be advantageous to you if you are considering selling, or if you are already on the market.
12 years of successfully selling property in Windsor and surrounding areas makes us best placed for marketing your property and achieving a sale in the shortest period of time.
Hamilton Chess already have a number of active Landlords looking to invest in further properties and we expect more Landlords to register their interest in the next few months.
You have a small window of opportunity to beat this April 2016 deadline, so we recommend to act now by calling on 01753 624 000 to arrange an appointment for Hamilton Chess to visit you in your home. By doing so, you could also take advantage of our competitive selling fee.
We look forward to hearing from you.