Most assume that the increase, together with the reduction in tax relief, will be passed to the Landlord’s tenants.
Some investors are setting up corporate structures in which mortgage interest could still be set off against tax; we would advise consulting a specialist tax accountant if you are thinking of doing this.
Allsop, the auctioneers, are reporting that they witnessed the largest turnout to date at one of their more recent property auctions, though they noted that the bids on property were lower than the past.
Overall, the increase in stamp duty does not appear to have deterred BTL investors.
