When the word ‘landlord’ is mentioned, one might imagine a wealthy individual with large property portfolios across the UK. However, of the 2.6 million landlords in the UK, only 18% rent out five or more properties, 39% rent out between two and four, while the majority – 43% – rent out just one. Quite […]
Category Archives: Landlords
In 2016, the then Chancellor, George Osborne, introduced a stamp duty surcharge of 3% on purchasing buy-to-lets and second homes. That means the 3% slab tax is based on the whole property price and payable on top of the standard stamp duty applicable. Secondly, in 2017, the government began withdrawing the total tax relief […]
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