SUBSCRIBERS
London landlord home sales slump on tax changes
Units bought to rent out in London dropped to 12% of the total in February from 20% a year earlier
Add BT as a preferred sourcePublished Sun, May 14, 2017 · 09:50 PM
London
JENNIFER Pickford, a 39-year-old owner of four London rental properties, is not only avoiding purchasing more, she's considering selling the ones she has. She isn't alone.
The proportion of homes bought to rent out in the capital tumbled after an additional 3 per cent tax on second-home purchases was introduced in April 2016. Now, landlords are facing a second hit with a reduction in tax relief for rental income introduced last month.
Share with us your feedback on BT's products and services
