It has been confirmed in the UK by new Chancellor of the Exchequer Jeremy Hunt that almost all tax measures included in the mini-budget will be reversed.
Some #investors will be buyoed by the fact that tax cuts on stamp duty land tax (SDLT) will remain, however others will consider if this will further prop up an property market preventing more deals.
Earlier this month, Hunt's predecessor Kwasi Kwarteng, who he replaced only days ago, announced a series of tax cuts and abolitions.
The announced cuts to corporation tax have now been reversed, which will affect #property investors who purchase through the UK limited company structure (SPV).
Hunt had also announced that the government would no longer pursue reductions in dividend tax rates, reversals of off-payroll working reforms, as well as other VAT reforms. This may see less investors move into the UK property #investing market which has perenially been a place for dividend earners to move their money. #realEstate #invest #indigo1
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