Ajay Ahuja

Just chanced across this article whilst perusing the web

Anyone remember this guy from the UK?

December 2015

What next for buy-to-let landlords struggling to make ends meet?

Ajay Ahuja has made millions from investing in property – but now he’s selling up. Will others follow suit as recent tax increases start to bite? We investigate


Many of Britain’s biggest buy-to-let landlords are planning to sell off their homes, blaming George Osborne for effectively raising their tax rate to more than 100%. Some warn interest rate rises will tip them into bankruptcy.

Ajay Ahuja, 43, who owns 200 properties – plus two Bentleys and his own 7,000 sq ft house in Cambridgeshire – says he has already begun to sell some of his homes: “Osborne is getting what he wants. He is forcing me to sell.”

The author of The Buy To Let Bible, which has sold more than 100,000 copies, Ahuja claims that planned changes to the taxation of buy to let to be phased in between 2017 and 2020 could leave him paying £1.20 in tax for every £1 he earns. In a second blow to landlords, the chancellor raised stamp duty on buy-to-let homes by 3% in the autumn statement, which will add £5,250 to the bill when buying a £175,000 property.

 

he worked at Deloitte, same office as me, just a year earlier.

Got a couple of his books at home.

Smart guy, clearly...he’ll easily just find a different way to make a quid, I’m sure.

Probably already done it looking at the date of the article!