Monthly Archives: September 2017

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‘Landlord tax’ stamp duty changes raise £2bn a year from buy-to-let and second home owners – double the amount expected

The Government’s stamp duty changes are raising twice as much money from home buyers as initially expected, HMRC figures show.

Analysis by accounting firm Blick Rothenberg shows that the Treasury has so far pocketed as much has £2bn as a result of the 3 per cent “landlord tax”.

Originally officials had estimated it would make half as much from the policy in the four years between 2016 and 2020.

Under the policy, which was introduced in April 2016, anyone buying a second home or buy-to-let property must pay an extra 3 per cent in stamp duty on top of ordinary stamp duty.

The figures suggest that the policy has not significantly deterred landlords or second home owners from buying up properties.

By |September 8th, 2017|Categories: Selling Your Property|0 Comments

Brexit: Businesses warn over ‘UK workers first’ proposal

Firms that rely on EU workers have warned of the “catastrophic” impact of proposals to slash unskilled migration on the day Britain leaves the EU. 

Under the draft plan, leaked to the Guardian, firms would have to recruit locally unless they could prove an “economic need” to employ EU citizens.

They could face a skills tax to boost training of UK workers if they still chose to employ unskilled EU staff.

But business groups say a “sudden” cut could cause “massive disruption”.

The National Farmers’ Union claimed the “entire food supply chain” could be threatened.

NFU deputy president Minette Batters said: “We are calling for an urgent and clear commitment from government to

By |September 6th, 2017|Categories: Selling Your Property|0 Comments