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  • Mortgages & Finance

    Prepare now for buy-to-let stamp duty changes in 2016

    Most of the replies to the questions are guess work as there yet might be minor changes that maybe made after the consultation period ends on 1/2/16.

    From the government website

    This consultation will run from 28 December 2015 to 1 February 2016.

    Confirmation of the final design will be announced at the Budget on 16 March 2016. The higher rates will apply from 1 April 2016.
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    [Image: New-logo2.png] Manchester based investor. I buy, sell, renovate and rent investment property in East/North Manchester Wink email: mike@brentwoodinvestments.co.uk Call: 0161 681 3724

    Thank you Mr Barrett for all your help, I will be here again to share anything I learn from my accountants about this.
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    It is interesting to note that the the consultation is not being run in accordance with the governments own code of practice on consultation shown as Appendix B in the consultation which states that consultations should be run over 12 weeks. At 5 weeks this is considerably shorter. Paragraphs 4.3 and 4.4 also contradict each other with reference to another timescale.
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    Doesn't really matter thought does it!!??
    The Govt has already stated that the policy will be introduced irrespective of any consultation!!!
    Therefore it is just a paper exercise they are performing!!!!
    The salient facts regarding their non-compliance with their own consultation rules won't concern them at all!!
    This is a dictatorship not a Govt after all!!!
    All on a wafer thin majority!!
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