Summer Budget 2015 – Landlords Reactions
2:00 PM, 8th July 2015, 11 years ago
9619
Categories:
The concern is;
Budget proposals to “restrict finance cost relief to individual landlords”. 
To calculate the impact of this policy on your personal finances download this software
Tags:
Budget 2015 Campaign
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Member Since July 2015 - Comments: 167
7:58 PM, 5th August 2015, About 11 years ago
Reply to the comment left by “Mark Alexander” at “05/08/2015 – 15:36“:
The Mortgages for Business tax calculator is exactly what we need to expose the unfairness of this tax.
Based on my current business, in 2020 (assuming a modest 1% rise in interest rates by then) I will be paying 3.25 times as much tax as someone with an identical incorporated business taking 100% profit in dividends.
The total effective tax rate on actual profit will be 88% privately held and 27.5% on the incorporated business.
My business is currently approx. 40% leveraged. I do pay higher than average interest because most of the units are in a multiple unit freehold building (uncompetitive for lending).
If I can split the properties (several are currently in one freehold block) the combination SDLT plus CGT associated with incorporation will cost just short of£1,000,000.
Member Since October 2014 - Comments: 282
8:00 PM, 5th August 2015, About 11 years ago
Reply to the comment left by “Connie Cheuk” at “05/08/2015 – 19:50“:
All the political hot air about FTBs. He means for people to rent long term. He knows there is a huge demand in the PRS and his answer is to capitalise on it. It will totally be the gravy train for him and his rich friends, and they needn’t worry about the things that we worry about – interest rates, CGT, etc, etc. This is the 1960s Social Housing, poshed up for the Rental Market. They mean to solve a myriad of problems and crush us at the same time.
Member Since January 2011 - Comments: 12193 - Articles: 1396
8:01 PM, 5th August 2015, About 11 years ago
Oh dear!
The RLA tax calculator is wrong – try it >>> http://www.rla.org.uk/taxcentre/tax-calculator.shtml
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Member Since October 2014 - Comments: 282
8:03 PM, 5th August 2015, About 11 years ago
Reply to the comment left by “Mark Alexander” at “05/08/2015 – 20:01“:
It didn’t work for me. Came out zero.
Member Since January 2011 - Comments: 12193 - Articles: 1396
8:06 PM, 5th August 2015, About 11 years ago
Reply to the comment left by “Connie Cheuk” at “05/08/2015 – 20:03“:
It gave me a minus figure – I wish!
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Member Since July 2015 - Comments: 280 - Articles: 11
8:16 PM, 5th August 2015, About 11 years ago
Reply to the comment left by “Mark Brown” at “05/08/2015 – 18:51“:
Mark Brown – I agree – we need more simple examples that set out the financial consequences for the landlord and the knock on consequences for others.
Member Since July 2014 - Comments: 86
8:16 PM, 5th August 2015, About 11 years ago
Reply to the comment left by “Ros .” at “05/08/2015 – 19:53“:
At £100k a pop 30 billion pounds will be sufficient to build 300,000 properties over many years .That is not going to put us out of business but the tax just might
Member Since January 2011 - Comments: 12193 - Articles: 1396
8:19 PM, 5th August 2015, About 11 years ago
Reply to the comment left by “BTL INVESTOR SCOTLAND” at “05/08/2015 – 20:16“:
See below, thanks BTL for posting this one.
We need more please, one a day would be great and I anybody can propose an article. Don’t leave it to me and BTL please!
LINK >>> https://www.property118.com/what-is-aunt-sally-going-to-do-now/77263/
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Member Since October 2014 - Comments: 282
8:19 PM, 5th August 2015, About 11 years ago
We will end up just housing the undesirables, in effect becoming social housing for poorer areas not getting the shiny new uber-builds.
Member Since October 2014 - Comments: 282
8:24 PM, 5th August 2015, About 11 years ago
Reply to the comment left by “Mark Shine” at “05/08/2015 – 19:32“:
Thank you for posting, Mark Shine. Now I am in the know, I will hit the gin.