BTL landlords could see tax bills rise by a third

Landlords could see stamp duty bills jump by a third if Rishi Sunak introduces a new tax in his Spring Statement. The Office for Budget Responsibility left a note in autumn Budget documents pointing to the three percentage point stamp duty surcharge on additional properties increasing to four. Ben Beadle, of the National Residential Landlords Association, says a four percentage point charge would shut out new investment at a time when rental supply was at an extreme low, warning: “Increasing stamp duty would lead to a sharp fall in the supply of homes to rent”. Such a move would particularly hit those landlords who chased high yields in the North. 

The Daily Telegraph (16/03/2022)