Product details

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Authors: Craig Furfine
Published by: Kellogg School of Management
Originally published in: 2020
Version: 30 June 2020
Revision date: 17-May-2021
Length: 14 pages
Data source: Published sources

Abstract

Heather Wilson, 32, was about to become a property investor. After years of painstaking savings, she had finally reached agreement to purchase her first buy-to-let property, a one-bedroom flat in London's sought-after Kensington and Chelsea neighborhood. She looked forward to a lifetime of building wealth through property investments. Of course, some of the income the property would generate would be owed to Her Majesty's Revenue and Customs (HMRC) - but such was the nature of life. Unfortunately, the tax laws had only recently become less favorable for property investors, but Wilson expected to negotiate a lower purchase price as a result, and so she felt confident that her investment remained solid.

Geographical setting

Region:
Europe
Country:
United Kingdom
Location:
London

About

Abstract

Heather Wilson, 32, was about to become a property investor. After years of painstaking savings, she had finally reached agreement to purchase her first buy-to-let property, a one-bedroom flat in London's sought-after Kensington and Chelsea neighborhood. She looked forward to a lifetime of building wealth through property investments. Of course, some of the income the property would generate would be owed to Her Majesty's Revenue and Customs (HMRC) - but such was the nature of life. Unfortunately, the tax laws had only recently become less favorable for property investors, but Wilson expected to negotiate a lower purchase price as a result, and so she felt confident that her investment remained solid.

Settings

Geographical setting

Region:
Europe
Country:
United Kingdom
Location:
London

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