Has Stamp Duty made property investment untenable in London and the south East?Make Text Bigger
Having recently handed over a small fortune in stamp duty on the purchase of two properties in London, I’m curious to know how other property investors are dealing with the stamp duty levy.
I appreciate that this may be an issue that affects London and south-east purchasers to a greater extent, but I am surprised that I have not read more about this on this sites forum.
Even with the current poor yields in London, I am looking to extend my portfolio, but given the stamp duty on high London prices, often the tax that I would end up paying eats into almost the first 2 to 3 years worth of rental income.
I am wondering how others are coping with this issue.
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