NLA RESPONDS TO STAMP DUTY LAND TAX CHANGES ANNOUNCED IN BUDGET

Latest News Tue, Mar 22, 2016 4:57 PM

he National Landlords Association responds to changes to Stamp Duty Land Tax announced in the 2011 Budget. 

David Salusbury, Chairman, National Landlords Association, said: 

“The National Landlords Association welcomes changes announced in the 2011 budget which will help reduce the barriers to investing in homes.

The stamp duty concessions on bulk purchases will encourage landlords to invest more in residential property, thus providing much needed housing in the private rented sector.

The NLA has campaigned hard for this change and is pleased that the government has listened to concerns about the disproportionate level of stamp duty paid by landlords seeking to expand their portfolios in response to increasing demand for affordable accommodation in the private-rented sector.”

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