Landlord trade bodies say the political fight against tax changes goes on

cells

CLAPTON wrote: »

so you mean that supply and demand determine the price of renting.

in a sense yes the point though is that rent prices can crash and supply does not necessarily crash so I conclude that the buy/bid side is setting rents.

Unlike say bread in a supermarket where if demand falls in half the price will barely budge a cent so its price is set by the supply/sell side

wotsthat

Taxman's £700m stamp duty windfall as buy-to-let bounces back

One in four properties bought in the third quarter of this year was a second home or buy-to-let, according to Government statistics released today.

For the first time, official data revealing the precise proportion of homes sold to investors or second home-buyers is available thanks to the stamp duty surcharge applying from April.

HMRC data showed that of the 235,000 property transactions incurring any stamp duty, 56,100 were liable for the extra three percentage points of "second home" stamp duty - drawing in extra duty worth £440m.

http://www.telegraph.co.uk/investing/buy-to-let/taxmans-700m-stamp-duty-windfall-as-buy-to-let-bounces-back/

Thrugelmir

Perhaps potential residential borrowers are more pessimistic about their personal finances. Whereas BTL'ers are optimistic and believe tenants will accept whatever they get charged.

All round a winner for the taxpayer as the stamp duty will come in extremely handy. Given the Government is likely to miss it's debt reduction target this year.

wotsthat

Thrugelmir wrote: »

Perhaps potential residential borrowers are more pessimistic about their personal finances. Whereas BTL'ers are optimistic and believe tenants will accept whatever they get charged.

All round a winner for the taxpayer as the stamp duty will come in extremely handy. Given the Government is likely to miss it's debt reduction target this year.

As a first release I suppose it's too early to infer too much.

At this stage I'm happy the government have raised an extra £440m and not a penny has come from me.