In protest against Osborne’s Buy-To-Let tax
LONDON, April 26, 2016 /PRNewswire/ —
Winner of the People’s Choice Best Real Estate Investor 2015, #1 Best-selling author & property multi-millionaire Marco Robinson and his UK property buying partner, Simon Paul, are giving away a £110,000 buy-to-let fully renovated home for FREE – in a protest over George Osborne’s new stamp duty levy.Marco, 47, has launched the give-away in a stand against Chancellor’s property tax rises.
Critics of the 3% hike on buy-to-let properties – which came into effect on April 1 – predict it will harm the property investment market as it will make it too costly to invest, and will also lead to a spate of property sales.
The winner of Marco’s competition will be handed the ownership of the two -bed, fully furnished property in central Manchester, as well as being guaranteed a rental income of £6,500 per annum for FIVE years. After that time the winner is free to handle the property as they see fit. It does not have a mortgage. At the time of publication, the property is worth £110,000.
Manchester-born Marco, whose new book The Financial Freedom Guarantee was published at the end of February, said: “George Osborne’s new stamp duty law is a blatant attempt to cash-in on a booming market, but it is badly-thought out and utterly pointless. It is doing all it can to crush entrepreneurial activity in what is a fantastically rewarding sector.
“However, I don’t agree that it the ultimate death knell of buy-to-let activity. That’s why I am giving away a rental-market house.
“Ideally, I’d like to put a buy-to-let investor on the first rung of what is a fantastic and hugely rewarding ladder which can lead to financial freedom.
“I am doing it to underline that buy-to-let is a superb investment – as long as it is handled correctly.
“By giving away part of my property empire I am putting my money where my mouth is.
“The government should be doing more to encourage people to invest in property as it still is the path to gaining financial freedom. I am living proof that the model works.
“The very physical location of the property is a testament to the fact of how success can be achieved – it is in an up-and-coming area and is a property that will make money.”
Entrants to the competition are asked to play a game found on Marco’s Twitter page – @marcorobinson7 – in which they will need to take a screen shot of a fast moving GIF (a moving image) at the right time, and enter it by attaching the image in a reply to Marco’s tweet. There is also a requirement for the entrant to retweet the competition to their own followers and post a picture of themselves and the book on Instagram tagging Marco Robinson’s Instagram account: marcorobinsonnow.
Those who meet all entry requirements, including successfully completing the skill game on Twitter, will be entered into a draw. The first person picked will win the house. There are no additional prizes. The draw will be made on or around December 31, 2016.
The property has been verified by Marco’s lawyers, with full terms and conditions for the competition available on the website https://financialfreedomguarantee.com
Marco’s book The Financial Freedom Guarantee is available to buy from WHSmith and Waterstones, and on Amazon, now.
For more enquiries please contact Claire McAdam on [email protected] or +44(0)207-4400-782.