Property Tax

Campaigning association calls for buy to let change in March Budget

A campaigning landlord organisation is calling for UK Chancellor Philip Hammond to scrap planned changes to taxation for the buy to let sector in his forthcoming March Budget. The Residential Landlords Association (RLA) said that the UK should follow the example of Ireland by scrapping planned changes to mortgage interest relief or, at the very […] The post Campaigning association calls for buy to let change in March Budget appeared first on PropertyWire . Continue reading

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Number of first time buyers in UK rises as buy to let purchases fall

The number of first time buyers in the UK housing market increased significantly in the last 12 months as purchases by buy to let landlords fell, new research from surveyors shows. In January first time buyer valuations surged to a third of housing market activity, up from 25% at the beginning of 2015 while landlords […] The post Number of first time buyers in UK rises as buy to let purchases fall appeared first on PropertyWire . Continue reading

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Sales plummet in Vancouver, Canada, after foreign buyers tax was introduced

A new tax for foreigners buying property in Vancouver in Canada has resulted in sales plummeting and prices are also heading down. However the British Columbia Government has announced that foreign buyers with work permits who live and work in the state will no longer need to pay the 15% extra tax introduced last year. […] The post Sales plummet in Vancouver, Canada, after foreign buyers tax was introduced appeared first on PropertyWire . Continue reading

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