Summer Budget 2015 – Landlords Reactions

Hello All

The following has been sent. I do not have the email address – therefore, I have posted this on the feedback from on the website.

If you have an email address, I will be happy to send on an email as well.

Kind regards

Ruhal

“URGENT: withdrawing petition 104880 by Ruhal Uddin and publishing petition by Dr R Beck

Dear Sirs

As the author of the petition: ‘Reverse the planned tax relief restriction on ‘individual’ landlords,’ (petition number: 104880) I would like you to take this down immediately. Can you please confirm to me when you have done this.

Can you then either publish or ask the author, Dr R Beck for her authorisation if necessary (she has already written to you about this), to publish her petition: ‘Scrap the mortgage interest tax levy before it forces tenants out and rents up!’

At the moment the petition we want to have signed is not the one you have published and this could adversely affect the petitions process.
Can someone get back to me immediately on this?

Kind regards

Ruhal Uddin”

Has anyone tried to use Stephen Fay’s mortgage interest relief calculator? I posted a link to it last night. I have been stress testing my portfolio at different interest rates and it shows under the current tax system that when interest rates go up I pay more in tax despite my profit reducing. I think the spreadsheet contains an error so please use with caution. The tax paid under the new system may be correct. Would be good if one of the accountants on here could have a look at this.

Reply to the comment left by “Ruhal Uddin” at “29/07/2015 – 19:31“:

From the parliament uk website:

‘Contact the Clerk of Public Petitions in the Journal Office.
Phone no: 020 7219 3310
Email Address: [email protected] ‘

Reply to the comment left by “BTL INVESTOR SCOTLAND” at “29/07/2015 – 19:39“:

Reply to the comment left by “Trendo ” at “29/07/2015 – 02:28”:

I posted late last night, doesnt deal with losing personal allowance or 45% at 150k

Reply to the comment left by “Mark Shine” at “29/07/2015 – 19:50“:

Thanks Mark

I just sent my email and this is what I received – I will call them in the morning

Thank you for your message. I am out of the office until Monday 10 August and will not have access to this inbox. I will reply to your email, as necessary, on my return to the office.

If your query is urgent, please call the Duty Clerk on 020 7219 3320.
Katya Simms
Clerk of Public Petitions UK Parliament Disclaimer: This e-mail is confidential to the intended recipient. If you have received it in error, please notify the sender and delete it from your system. Any unauthorised use, disclosure, or copying is not permitted. This e-mail has been checked for viruses, but no liability is accepted for any damage caused by any virus transmitted by this e-mail.

Reply to the comment left by “Ruhal Uddin” at “29/07/2015 – 19:31“:

Ruhal,

I would personally like to “Thank You” for your efforts to set up petition single handedly which hit the ground running.

If your request does get accepted and Property118 petition gets replaced by yours then I would request you to continue with your efforts as if the previous petition which was set up by you is still running.

You have indeed made use of Social Media & Property portals to get its audiences attention as such your efforts will be greatly appreciated.

Reply to the comment left by “Ruhal Uddin” at “29/07/2015 – 19:59“:

Thanks for your efforts, Ruhal.

Reply to the comment left by “Ruhal Uddin” at “29/07/2015 – 19:31“:

Rahul – could you please post your statement on the Facebook property groups – it has been widely promoted there.

Reply to the comment left by “Ruhal Uddin” at “29/07/2015 – 19:59“:

Ruhal, the link is still on your Facebook profile. Could you include a statement or sever the link for now? Advise those who have signed to watch out for the revised petition and sign afresh when it is available? Sorry – just noticed.

Reply to the comment left by “Connie Cheuk” at “29/07/2015 – 20:23“:

Hi Connie and BTL.
I’ve forwarded your comments to Ruhal by email, in case he’s not looking at this site at the moment.