The Government is coming under increasing pressure to
reverse draconian new taxes applying to buy-to-let investors, announced in the
July 8 Summer Budget. Landlords argue that not only will the change force them
to evict tenants and sell properties en masse, but that it will also prevent
the building and development of new homes - hindering the Government’s
objective to increase housing supply. The proposed tax change, applying in full
from 2020, will only hit those landlords with mortgages. Many landlords have
calculated that they will have to pay more than 100pc of their profits in tax
when the change is fully implemented. Read more on the Daily Telegraph website.
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