Tuesday, 10 January 2017

Landlords In The UK Urges To Remove Newly Imposed Buy-To-Let Taxes

✔ onlinebankinguk on 12:13:00 0 Comment
Buy-To-Let

Landlords are calling for the Welsh Government to partially remove a charge on people buying houses to let.

Buyers currently pay an extra 3% levy on their stamp duty when purchasing a property to rent out.

A landlord group wants the new Welsh Land Transaction Tax (LTT) to remove the levy where a landlord is adding to the housing supply.

The Welsh Government says the revenue made by the higher rate is "essential to the delivery of public services".

LTT will replace stamp duty in Wales in 2018.


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