Buy to let changes explained.
If the American dream is the rags to riches story, where anyone can achieve their dreams and aspirations, maybe the British dream is simply to own a property. After all, it’s your castle and where your heart is and that’s a complex mix of both wealth and emotion for us Brits to balance.
Considering our obsession with property it comes as no surprise that in 2014 it was estimated one in five homes are now owned by landlords. This is a jump from the mid-eighties estimate of one in ten. No doubt spurred on by the property boom of the turn of the millennium through to 2008.
HMRC have slowly realised that people are making money from property and they’d like it to stop!