Homeowners in the UK are opposed to the high tax burden

The homeowners ‘ Association of great Britain appealed to the Minister of Finance Philip Hamaundu to amend the taxation sector “buy to let” in the upcoming March budget.

The Homeowners ‘ Association of the UK – Residential Landlords Association (RLA) said that Britain should learn from the templates of tax applied in Ireland and not to abandon the benefits in taxation that have been used previously, for investors, buying into the mortgage.

The latest data from the real estate market of the United Kingdom show that sales in the sector of “buy to let” has fallen by 63% over the last year. An additional disappointment for investors was the ban on investors to invest the proceeds from the lease to the new portfolios.

The government introduced restrictive fiscal measures for investors to discourage the growth of prices and to create a more favourable environment to buy property young families to stay.

The Association hopes that the government will abolish the recently introduced additional extortionate Stamp duty at the rate of 3% for investors, at least in those cases where the investor rebuilds or completes existing housing, adding to the building of a new block.

Another suggestion is to change the order of calculation of VAT in the construction to VAT charged when the building is ready for occupancy and not when it is built. According to members of the Association, there are many measures that will help to attract investors without prejudice to the younger buyers.

For example, there is a proposal to sell housing to tenants, paying the extra “tax on capital gains” in the amount of 20%. Another suggestion is to provide benefits? taxes to homeowners who will participate in the government energy conservation program.

The UK is experiencing a time of change and when, if not now, to correct errors, to make the economy powerful and effective?

® Helen Entree. 01.03.2017 G.

Taxation legal. individuals in the UK

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