Buy to let stamp duty surcharge and other related news

[ChimpMaster]

Demand for rental property is falling, BTL landlords are selling.

But there is no crash coming honest.

We are seeing huge demand. I suppose it depends in which area but in our part of the SE the demand is relentless. Perhaps more for individual rooms, but even for social housing.

[Martin@AS Financial]

Radical Labour levy would double council tax on holiday homes

Interesting article in the Guardian:

Radical Labour levy would double council tax on holiday homes | Money | The Guardian

[Eirikur]

Interesting article in the Guardian:

Radical Labour levy would double council tax on holiday homes | Money | The Guardian

We will double the rent for labour voters

[scooterscot]

labour voters owning holiday homes when renting council houses -

[Mordac]

labour voters owning holiday homes when renting council houses -

No, that's only Labour MPs.

HTH

[Martin@AS Financial]

May announces stamp duty hike for foreign buyers

Taken from The Financial Reporter:

May announces stamp duty hike for foreign buyers | Financial Reporter

[scooterscot]

Why is housing available for purchase in the first place to foreign buyers?

The government is effectively increasing house prices with this policy as foreign buyers recover those extra costs through increased sale value.

[AtW]

Why is housing available for purchase in the first place to foreign buyers?

Because they can register a UK Ltd and buy house as a "local" business

A better question is why foreign companies, especially from tax heavens, are allowed to have any alloweable activity in this country

[vetran]

No, that's only Labour MPs.

HTH

or union bosses.

[d000hg]

The majority of landlords thinking of getting out of the sector have just one property and say they will sell if they are making a loss, breaking even, or even just not making enough profit to make it worthwhile.

So we simply go back to the days when it wasn't considered the norm for every middle class family to own a rental property? Which was when - 10 years ago? 15? Isn't this just cyclical rather than the end of the world?