AUTUMN STATEMENT -Stamp duty on second homes and buy-to-let

Market Overview
Osborne’s 3% proposed increase in the rate of Stamp Duty on second homes, including buy-to-let, is likely to further reduce the number of transactions and prices in the prime central London market.
Likely outcome in short is that some buy-to-let investors will rush to transact before the April 2016 deadline.
Longer term, these buyers will be more cautious with increased transaction costs, plus the additional tax relief
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