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|Autumn Statement: Comment from Commercial Trust|
|Wednesday, 25 November 2015|
In response to the Autumn Statement, please see below a comment from Andrew Turner at Commercial Trust:
“I'm baffled by the Chancellors announcement on the three per cent increase in stamp duty for buy-to-let properties. Coupled with the removal of the tax relief announced earlier this year, it is clear that the government is scapegoating landlords for the housing crisis and moving to clamp down the buy-to-let market as we see it.
“The fact that corporate property development is likely to be excluded is further evidence of the hidden agenda to drive institutional investment into the private rented sector, completely discounting the vital role played by private investors in addressing the shortage of homes across all tenures. A varied and inclusive private rental sector is a crucial part of the housing market, and it is unclear why the private investor's role in addressing today’s housing crisis is being overlooked.”
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