Tax and cost worries weigh on Barratt shares
Perhaps it is down to concerns over the expiry of the stamp duty tax break in October, or worries over an increasing reliance on Help-to-Buy, or the potential impact of the proposed April 2022 launch of the Residential Property Developer Tax, but investors do not seem unduly moved by Barratt Developments’ strong full-year results. Perhaps it is just down to the absence of any incremental good news, but the shares are not responding to publication of healthy profits, a net cash balance sheet and a dividend that equates to a historic…
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