July 9th, 2020 / Insight posted in MKS Comments

New Model Adviser: Tim Stovold consulted on Chancellor’s new SDLT measure

Commenting on the reduced stamp duty land tax, Tim Stovold said: “‘This is very good news for BTL landlords, who will see their SDLT fall on properties they add to their portfolio, saving them up to £15,000 per property. It is not such good news for first time buyers who will be competing in a market full of landlords keen to cash in.

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