You are here: Home - News -

Sajid Javid hints at change to buy-to-let taxation in Autumn Statement

by:
  • 20/10/2016
  • 0
Sajid Javid hints at change to buy-to-let taxation in Autumn Statement
Communities Secretary Sajid Javid has indicated that the government could reverse changes to taxation on buy-to-let properties during the Autumn Statement next week.

Javid made the comments at an industry conference today, by telling delegates to “keep an eye out” for any announcements next month, Property Week reported.

He added that the Autumn Statement was the first opportunity for the Chancellor Philip Hammond to introduce reform to that area of the market.

Speaking at a mortgage industry conference last week, Metro Bank CEO Craig Donaldson said he remained optimistic that the government would backtrack on taxation changes introduced by the Treasury under the lead of George Osborne.

He said at the time: “The Treasury is aware of the impact and is listening and looking at it. I get the impression that David Cameron’s government is very different to Theresa May’s and I don’t believe they wanted to slow buy to let down as much as we’re seeing now. Because the people that brought the taxes in aren’t there anymore, one would suggest that the current government will have an easier time looking into it.”

There are 0 Comment(s)

Comments are closed.

You may also be interested in