John Lewis pullout highlights tax issues with build-to-rent
Original Article Summary
The decision from retailer John Lewis not to invest in build-to-rent should be seen as a sign that the government should relax taxation rules across the sector. That is according to Jeremy Leaf, north London estate agent and a former RICS residential chairman, who was writing ahead of today’s Spring Statement. The John Lewis Partnership […] The post John Lewis pullout highlights tax issues with build-to-rent appeared first on PropertyWire.
PropMatch Curated Analysis
John Lewis's withdrawal from a £500m BTR development highlights how taxation rules, particularly the abolition of stamp duty Multiple Dwellings Relief, are making BTR projects financially unviable.
Investor Relevance
Critical for BTR investors and developers as it demonstrates how tax policy changes are creating significant cost pressures that can derail major projects, potentially affecting investment strategies and project viability assessments.
Original Source:
PropertyWireStay Updated
Subscribe to our weekly briefings for curated property news and insights