Changes to stamp duty announced in the Budget will hike
the rate investors pay for Build to Rent property and could threaten burgeoning
investment in the sector. George Osborne announced several property tax changes
in the Budget, including a three-percentage-point stamp duty rise on any
residential units not bought as a home, and a rise from 4% to 5% on the rate
paid for commercial sites. Despite lobbying, the Chancellor declined to offer
an exemption to large scale investors, meaning funds investing in the private
rented sector will be affected. A lot of people in the Build to Rent sector
will be having to go back and look at the economics of a development to see if
it is still viable. Read more on Inside Housing.
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