'15% Stamp Duty Land Tax rate likely to threaten development'

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Published by Max Salsbury for 24dash.com in Housing and also in Development, Finance

Law firm BLP has released a report into the barriers to residential housing development. The report concludes that the new Stamp Duty Land Tax (SDLT) rate of 15% is likely to threaten the development of new residential accommodation and so has the potential to harm normal tenants as well as targeting the super-wealthy. Here Andrew Yates, commercial real estate partner with BLP, explains the report's findings: A chronic shortage of affordable housing combined with investor appetite for alternatives t...

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