Relief given for buy-to-let property investors in Bristol buying homes

Relief given for buy-to-let property investors in Bristol buying homes

Posted by ATIF JAVID on 22/04/2016

One of the main benefits our buy-to-let landlords in Bristol enjoy as clients of our award-winning letting agency is the access to our expertise and enthusiasm – including our expert insights on the hot topics in the property industry each month.

There’s been an interesting development on last year’s proposed increase in stamp duty, and the anticipated impact on property investors in Bristol.

The news story highlights positive changes, as it appears that those buy-to-let landlords who buy a new main residence before selling their old property thought they would have to pay a 3% surcharge after 01st April – we now know that this will not be the case.

One of the biggest challenges for buy-to-let landlords and property investors in Bristol in recent months has been how to make a consistent ROI, and often our letting agents in our Clifton and Downend offices advise and assist clients on this.

The updated information in the article confirms that property investors in BS postcodes will now get breathing space between buying and selling properties, rather than automatically being hit with the additional 3% stamp duty tax.

This is, of course, good news for our Bristol property landlords in 2016, and we welcome the further clarification on last year’s property taxation changes.

As leading experts in the Bristol property market, we’re always happy to answer any questions or queries that potential and new buy-to-let landlords might have around the ever-changing subject of property legislation for investors in Bristol.

To find out more about how our leading letting agents in Bristol can help you, please get in touch here.