Anorak News | Green Tax On Buy-To-Let

Green Tax On Buy-To-Let

by | 9th, May 2007

APPROXIMATELY 850,000 people in the UK are lucky enough to own a buy-to-let property, but now these canny mini-property-magnates are to be hit with a £200 green tax.

The Government is set to introduce compulsory energy performance certificates from next year, a key part of the much-debated Home Information Pack, with buy-to-let landlords forced to employ energy inspectors to examine and then give their property an energy rating between A and G.

With the cost of the overall Home Information Packs reaching up to £600, including the cost of the energy certificate, many homeowners are putting their properties on the market before the June 1st deadline.

However, despite the extra costs, market research organisation Mintel predict to the number of buy-to-let homeowners could double to around two million in the next three years.

Empty houses – very green…

Posted: 9th, May 2007 | In: Money Comment (1) | TrackBack | Permalink