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Updated almost 9 years ago,
Stamp Duty Tax rise
Hello I'm new to real estate investing and found BP and love all the information here. I am an American that is settled now in the UK. I'm learning about all the different terms and procedures about the market here in the UK.
I would really like to discuss the new Stamp Duty Tax for Buy to Let. It is a bit discouraging for someone like me who wants to get on the property ladder here in the UK. 3% rise is high. I've read a lot of landlords are selling or buying property registered as a limited company to reduce the tax. Wanted to know if this will affect anyone on BP and their thoughts. Will this be the end of "landlord" era in the UK?
My other thought is whether I should invest in the UK or the US markets. I am American and all my family is back home. Since I am here in the UK I would prefer to invest here in this county but finding that I have much to learn about the market here in the UK. Not that I wouldn't have a lot to learn about the US markets but I have a better understanding of the US markets.
Your thoughts are welcomed.
Brandon