The buy2let property market in
United Kingdom faced a tax crackdown. This was one of the main reasons why most
amateur property investors pulled themselves out of the deals during the Brexit
period. However, a lot of people still consider property investment in UK as the safest thing to secure their
future from a financial point of view when the bank interest rates is almost
equal to peanuts and the stock market is unstable.
A lot of investors were against
the recent tax changes because they will have to pay extra stamp duty for investing in buy to let property in UK.
It simply means that investors will no longer find buy-to-let investment as a
medium to offset all buy-to-let mortgage interests against income tax.
This is something that all
investors must know about prior to buying a house at auctions. However, experts
still advise new investors like you to opt for buy-to-let property investment in the UK because it is still profitable even
if you no longer find it suitable for investment for increasing/improving
returns on property that you are already the owner of.
Do you want to know how? Get in
touch with us to find out more.
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