Landlords have now faced two tax hikes in four months.The latest raid — an increase in stamp duty announced in the Autumn Statement last week — will add an extra £7,500 to the typical fees of buying a £250,000 home.
Until now, property has been viewed as a cash cow by investors. And it’s not hard to see why. Over the past 25 years, the average house price has risen from £68,823 to £202,689 — an increase of 295 per cent.
But the FTSE All Share has also grown at an average of 9.6 per cent a year over the past 30 years.
So, if you’ve got £50,000 worth of savings to spare and want to get an income and some growth, which is better? To make a fair comparison, you need to look at all the costs and all the taxes.
Read more: http://www.thisismoney.co.uk/money/investing/article-3341827/Are-shares-better-bet-buy-let-Osborne-s-latest-attack-landlords-property-FAR-lucrative.html#ixzz3tEddBDgQ
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