MFB to landlords: ‘If you’re thinking of expanding… do it now!’

Mortgages for Businesses is urging landlords who wish to expand their portfolios to do so now thanks to the recent stamp duty cut, effective until March next year. Essentially, it means that landlords are now charged 3 per cent tax on properties that cost up to £500,000, whereas previously, the tax bill would have paid this plus residential rates of up to 5 per cent. A landlord buying a property at £500,000 will consequently see their tax bill drop from …

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