The Budget Of 2014 And The Taxes Implemented On Property Investors
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The property investment has become one of the most sought after business in the European region and especially in the United Kingdom in the past few years. The upraise in the construction business and the real estate investment has increased many folds due to larger profit opportunities for the investors. The Property Investment Companies have experienced a lot of upward trend in the industry as the government has allowed them to build the greater number of houses than ever.

The stamp duty that was previously introduced was here to invite the foreign property investors in the country however the trend of buying houses and keeping them empty to get off the tax has led the government to take actions against this kind of situation. The government has taken in the consideration to increase the housing tax by 2m pounds for the houses that are more than 500,000 pounds worth. The houses that are being rented or are the ones, which are on rent, will not be liable for the taxes. This creates another great opportunity for the Property Investment Companies.

Thesay of experts

The experts in the real estate investment state that by molding the rule of the tax paying and by introducing the rule of property worth for the exemption of the tax might be fruitful for many of those out there. This would help in giving more homes to the people in the United Kingdom and will certainly fulfil the demand of new housing for the residents as well.

The major threats for investment

Many negative consequences can be followed by this rule. The cost or the price of the residential and all other kind of property might increase because the property owners will have to pay back for the loans and the tax return. This will further increase the price of housing property that is not at all beneficial for the housing owners or the ones who want to buy a place of their own.

The news like this was a bit disappointing for the residential who were hoping to have the prices to go down a bit so that they might buy a place for themselves or invest in some of the property available.

However, the foreigners or the people living outside the company who come to buy the different houses in the country through Property Investment Companies contribute a lot in the economy of the country. This kind of revitalization however will not be possible and might kill the mid-range property investment in the sector.

The stamp duty

The stamp duty according to the newer budget might help some of the residential but for the foreigners who have been doing great for the economy of the country will be disappointed. The stamp duty of an average residential area house in the country might jump from 1pc to the count of 3 pc but the banding that are followed will not be transformed or moved.


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