Author Archives: Trevor Abrahmsohn

The Worst of All Worlds!

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As we drag ourselves into the year 2016 from all the festive cheer over the Christmas break what does the Residential Property Market have in store for us?

The Chancellor’s ill thought out Tax changes concerning Stamp Duty have now served to polarise the Residential Market (certainly in the Capital) whereby in the sector up to £700,000 the market is booming and, in contrast to this, properties from £2million upwards are struggling and even more so as you go up the financial scale. Continue reading →

Government Onslaught On Buy-to-Let Investors: Have They Gone Quite Mad?

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Our esteemed Chancellor clearly needs a ‘bit of a rest’ over the Christmas holidays since it appears that he has got a ‘bee up his nose’ in respect of Buy-to-Let investments.  What on earth is going on at number 11 Downing Street? Perhaps he needs a back rub and some chamomile tea, to calm him down.

His first anti Buy-to-Let initiative was limiting Tax Relief to the lower Tax band on rental income that will ‘bite’ in 2017. Then, his second move was to impose a 3% Stamp Duty Tax Premium on Buy-to-Let investments in the last Autumn Statement and, as if this were not enough, he has now proposed two more impositions on this sector. Continue reading →