News
Sales of buy-to-let, or second homes in the UK has jumped 34% in the past 6 years, according to Savills data. They have also gained access to the yet to be published official data on Capital Gains Tax receipts. They found that the sales of these properties now account for one in six of all disposals, up from 1 in 5 in 2013.
Savills have pointed to higher stamp duty, section 21 evictions and section 24 – the loss of higher rate tax relief, commenting that ‘we’ve seen more financial and regulatory pressure on private landlords and that has meant more sales in that market over the past three years.’
Recent Comments