17 September 2014
New stamp duty measures, announced as part of the Budget, could help to address the shortage of affordable accommodation in the private-rented sector says eviction specialist Landlord Assist.
Under the changes to stamp duty, investors that are buying more than one property will pay stamp duty based on the average value of the properties rather than the total value, as is currently the case.
This means that if a property portfolio is sold at £10million with the average price of
As well as saving investors a small fortune Landlord Assist says the change will make the buy-to-let sector more attractive to new investors and encourage more professional landlords and larger institutional investors to build up their portfolios.