Friday 4 March 2016

Letting Agents Help Ease Effects of Buy-to-Let Tax Changes


Proposals by the UK government to deny private landlords tax relief on their buy-to-let mortgages have brought together property owners in the country to mount a legal challenge. Steve Bolton and Chris Cooper are two private investors who are at the forefront of the campaign. They used the Crowd Justice website to set up a page for crowdfunding for the challenge. The endeavour began on 26th Dec 2015 and by January 1st had raised £42,000. The target for the funding was 50,000. The Challenge The money from the crowdfunding is meant to fund a judicial review process of the new proposals by Chancellor George Osborne on property tax charges. A judicial review means that there will be legal procedures to analyse the legislation and the submission for this particular one by 17th February.
http://bit.ly/1TXdBED

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