A group representing 250 landlords is to launch a court
challenge against tax changes to buy to let coming into force in 2017, claiming
they have been victimised by George Osborne. The landlords have obtained legal advice that
they have grounds to mount a judicial review of the tax changes, claiming that
it breaches human rights legislation and European law. From 2017, tax relief
for buy to let will gradually be cut to a flat rate of 20% compared with the
40% or 45% that some landlords currently enjoy. In the autumn statement the
chancellor added an extra 3% stamp duty on buy-to-let purchases. Read more on
the Observer website.
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