Ajay Ahuja has made millions from investing in property – but now he’s selling up. Will others follow suit as recent tax increases start to bite? We investigateMany of Britain’s biggest buy-to-let landlords are planning to sell off their homes,blaming George Osborne for effectively raising their tax rate to more than 100%. Some warn interest rate rises will tip them into bankruptcy.
Ajay Ahuja, 43, or who owns 200 properties – plus two Bentleys and his own 7000 sq ft house in Cambridgeshire – says he has already begun to sell some of his homes: “Osborne is getting what he wants. He is forcing me to sell.”Continue reading...
Source: theguardian.com