Tax break for second homes is bad news for first time buyers

Aug. 26, 2005
The homeless charity Shelter has warned that proposed tax breaks for second homes will encourage more buy-to-let investors and could prevent first time buyers from entering the market. From April investors will be able to include residential property in self-invested personal pensions (SIPPs). Properties invested in a pension will qualify for tax relief of 22% for basic rate tax-payers and …

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