Mortgage tax relief
Stamp dutyA three per cent hike to stamp duty on buy-to-let properties is another of George Osborne's legacies, part of his attempt to increase the number of homes available to first-time buyers.
Rosie McCormick Paice, real estate partner at Pemberton Greenish, said the decision not to row back on the rule was "disappointing". "The surcharge has slowed down the housing market with revenue from [stamp duty] reducing – revenue that could have been invested in housing schemes that would help ease the housing crisis. "It is particularly tough on UK investors. Those purchasing in USD or euros receive more for their money due to the weakened value of GBP and therefore find the three per cent surcharge less of a disincentive for investment. It's another charge which will be passed on to tenants, she added. "None of this can be consistent with the government’s pledge to help the 'just about managing' families in the UK.” Read more: Knight Frank's chairman calls for a reversal of changes to stamp duty tax