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
Comments
Have Your Say
Every day, landlords who want to influence policy and share real-world experience add their voice here. Your perspective helps keep the debate balanced.
Not a member yet? Join In Seconds
Login with
or
Member Since January 2011 - Comments: 12193 - Articles: 1395
5:21 PM, 14th August 2015, About 11 years ago
Reply to the comment left by “Ian Simpson” at “14/08/2015 – 15:46“:
Don’t do it, your IP address will soon be blacklisted for spamming and most of the emails will not get through.
.
Member Since July 2015 - Comments: 197 - Articles: 3
5:28 PM, 14th August 2015, About 11 years ago
It seems there is one site that is generating all the negative stuff on SNTG
http://markwadsworth.blogspot.co.uk/2015/08/say-yes-to-george.html?showComment=1439568791331#comment-c1618821408817946062
Anybody want to comment on it?
Member Since January 2011 - Comments: 12193 - Articles: 1395
5:30 PM, 14th August 2015, About 11 years ago
Reply to the comment left by “Ros .” at “14/08/2015 – 17:04“:
Your capital gains get added to your income to determine your tax band. In other words, it is more likely than not that you will pay 28% CGT, especially if you sell multiple properties.
I do not recommend you to waste money, i.e. reducing rents or increasing expenditure. You will be giving away 100% of anything you waste to save yourself somewhere between 10% and 45% of what you waste.
.
Member Since July 2013 - Comments: 303
5:39 PM, 14th August 2015, About 11 years ago
@Ros,
The CGT band rate is suppose to work on your income, this is miss leading.
For calculation of CGT, the gain is added to your income and if the total of the two exceeds the higher band you pay higher tax.
E.g: Income £20k gain £12. Total £32. You pay 18%
Income £35k gain £20 Total £ 55. You pay 28%./
I am sure about the above but will be happy to be corrected.
Please don’t shoot me.
Member Since October 2014 - Comments: 282
5:56 PM, 14th August 2015, About 11 years ago
Reply to the comment left by “shakeel ahmad” at “14/08/2015 – 17:39“:
Does this include the CGT allowance?
Member Since August 2015 - Comments: 24 - Articles: 1
5:58 PM, 14th August 2015, About 11 years ago
Reply to the comment left by “Ros .” at “14/08/2015 – 08:07“:
Ross, I have written to Michael Fallon and have an appointment to see him on 5th September
Member Since July 2013 - Comments: 303
6:01 PM, 14th August 2015, About 11 years ago
Sorry, it should be read as ” total of the two exceeds the lower band”
The gain above is after the CGT allowance e,g above gain £23k less CGT allowance of £11k, taxable gain £ 12k
Member Since September 2016 - Comments: 2533 - Articles: 73
6:35 PM, 14th August 2015, About 11 years ago
Reply to the comment left by “Charmaine ******” at “14/08/2015 – 17:58“:
Thanks for letting me know Charmaine.
Mark: I was hoping the CGT didn’t get added to the income to determine the tax band. It shows how green I am. The whole thing is so bloody complicated, ridiculous and unfair. That’s why we have to get it overturned!
Member Since January 2011 - Comments: 12193 - Articles: 1395
6:52 PM, 14th August 2015, About 11 years ago
Reply to the comment left by “Ros .” at “14/08/2015 – 18:35“:
Wasn’t HMRC’s TV advertising slogan “Tax needn’t be taxing”?
Maybe you should put in a complaint to the Advertising Standards Commission? LOL
.
Member Since July 2014 - Comments: 86
8:12 PM, 14th August 2015, About 11 years ago
I think we need shock tactics to get the message to every body concerned including tenants landlords letting agents etc etc.If just 10000 members [or nonmembers] contribute say£100 each to a fund we could raise enough money to take full page adds in all the national newspapers warning of the the forth coming doom.Any members out there in advertising and marketing and fund raising?