A leading estate agent on one of the Channel Islands has slammed the way additional homes are now being taxed.
Since last year islanders of Guernsey who buy a property that is not their principal home, and is not the principal residence of a family member, must pay a two per cent surcharge on the entire cost of the property.
Andre Austin, who is director of Guernsey estate agents Swoffers, has told ITV News that this has made it more difficult to be a landlord and he emphasises that “we need landlords."
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They're lucky in the Channel Islands it seems to only be 2% and they're only just now, finally, being saddled with this curse we've all long had to bear throughout our bigger Island....
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