Buy to let landlords are scrambling to avoid the impact
of tax changes that come into effect next year. The Buy to Let Britain report
found landlords were restructuring their portfolios to escape higher taxes on
their rental income, which will be phased in from April 2017. Some landlords
have set up limited companies while others have increased rents or transferred
properties to family members. The average rent in Great Britain has hit a
record high of £881 a month, and landlords indicated they intended to raise
prices by an average of 5.4% – the equivalent of £571 a year for households. Strong
house price growth has pushed the value of rented accommodation in the UK to
£1.3tn, up by 16% in the last year to September. Read more on the Guardian
website.
No comments:
Post a Comment