BTL Stamp Duty Changes
7 December 2015
The Buy To Let Britain Report 2016 by Kent Reliance says that radical changes to the tax treatment of landlords will mean more landlords buying property through companies in the future.
The changes announced in the Budget, lowering the tax relief for mortgage interest payments for landlords from April 2017, has already caused an increase in the number of landlords seeking to incorporate.
Kent Reliance saw applications from limited companies surge immediately after the July Budget. This has accelerated as landlords absorbed the impact of the tax changes; in September, applications tripled year-on-year (+213%).
One quarter of all buy-to-let mortgage finance demand is now through limited companies, up from 13% a year ago.