Taxation of property

Taxation of property

Becoming a landlord has been an attractive proposition for anyone who could raise a deposit, thanks to a prolonged period of low borrowing costs and generally rising property values.

The housing market, helped by the temporary cut to stamp duty, has performed exceptionally well over the past year, with prices now some 13% above pre-pandemic levels. Even though the stamp duty cut has now ended, there is no sign of house price inflation easing off. However, the longer-term impact of the UK leaving the EU does need to be factored in, and interest rates are expected to rise during 2022.

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