The Spending Review Leads to Soaring Second Home Costs: The Legal Team Comments
The chancellor's Spending Review has outlined a number of proposed changes to property costings, including higher stamp duty bills for the owners of second homes. Experts have warned that this could fall unfairly on middle-class savers who have invested in property and may dissuade people from the buy to let market. Many people invest their pension pots into properties due to the low annuity return rate; but the chancellor's proposals could see this change.
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