The Spring Statement
Overall the Chancellor seemed to be keen, during yesterday’s
speech, to collect in tax revenue from existing sources rather than identifying
or exploiting new ones.
Investigating further the likes of Google, Facebook and other
offshore based corporates was always going to feature and seeking to gain
information from platforms like Airbnb about rental incomes for users is only
an extension of other similar programmes aimed at increasing the tax take.
There was no obvious increase in the general tax and NI burden despite
Opposition calls for potential tax hikes to fund the NHS and other public
sector organisations.
Buy To Let Bubble bursting ?
Limits placed upon lending coupled with higher stamp duty and lower tax relief have all served to curb property buying in the Buy to Let sector.
In the final quarter of 2017 only 1 in 8 mortgages went to
Buy to Let buyers which according to the Bank of England is the lowest level
since 2013.
Posts
No comments:
Post a Comment