Summer Budget 2015 – Landlords Reactions
2:00 PM, 8th July 2015, 11 years ago
9619
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The concern is;
Budget proposals to “restrict finance cost relief to individual landlords”. 
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Budget 2015 Campaign
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Member Since July 2015 - Comments: 280 - Articles: 11
2:39 PM, 30th August 2015, About 11 years ago
Table 21 in this Budget document is interesting:
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/443195/Policy_costings_summer_budget_2015.pdf
The tables compare the ‘Static Exchequer Impact (£) with the Post-behavioural Exchequer Impact (£).
The amount of tax raised in the Post- behavioural Exchequer Impact for 18/19, 19/20 and 20/21 is less than is shown in the static position table.
This suggests to me that the Government is acknowledging that the impact of the budget change will result in landlords selling properties (and lots of them).
Member Since May 2015 - Comments: 2188 - Articles: 2
3:18 PM, 30th August 2015, About 11 years ago
Reply to the comment left by “BTL INVESTOR SCOTLAND” at “30/08/2015 – 14:39“:
“This suggests to me that the Government is acknowledging that the impact of the budget change will result in landlords selling properties (and lots of them).”
I get it now, landlords will be selling to those who rent because they are not in a position to buy. Why was I so stupid as to not realise this?
Comments: 119
3:59 PM, 30th August 2015, About 11 years ago
Article in this week’s issue of money week magazine asking the question…..is this the end of buy to let? It cites Richards article from the telegraph
Comments: 1
4:30 PM, 30th August 2015, About 11 years ago
Reply to the comment left by “steve sanders” at “30/08/2015 – 12:14“:
steve – this sounds like a good plan to manage the cashflow problem from the turnover tax
did you need to clear the change of use from an AST to a household to an HMO with your lender? did they raise any issues? or did you re-mortgage to a new lender with the property valued as an HMO?
Member Since May 2014 - Comments: 145
5:13 PM, 30th August 2015, About 11 years ago
Reply to the comment left by “steve sanders” at “30/08/2015 – 12:14“:
Hello Steve,
Be careful that you do not fall foul of planning regulations that would not allow you to rent your properties as HMO’s switching from none HMO to HMO usually requires permission which is usually refused.
Member Since September 2016 - Comments: 2533 - Articles: 73
7:13 PM, 30th August 2015, About 11 years ago
Good news. Martin and Co are eventually getting the message – and they’ve published a link to the petition and saynotogeorge and mentioned the fact that landlords are ‘furious.’ Special thanks to Connie for being on their case!
Things are hotting up.
http://www.martinco.com/news/2015/08/28/buy-to-let-investors-must-act-to-beat-tax-crackdown/?utm_campaign=mac-news-section&utm_source=hs_email&utm_medium=email&utm_content=21653685&_hsenc=p2ANqtz–l6FYlqetuhEv3pwYjvR2XtmtiOWBy2f2pO0f1nv8v6tU3QxP86xqnxH9mt-B_XGdYAyiWeZW29kO4TmOKtd5cW5e6JQ&_hsmi=21653685#.VeNHIZfcB68
Member Since January 2011 - Comments: 12193 - Articles: 1395
8:04 PM, 30th August 2015, About 11 years ago
Reply to the comment left by “Ros .” at “30/08/2015 – 19:13“:
Thanks for sharing this news Ros and I echo the recognition of Connie’s relentless campaigning.
.
Member Since September 2013 - Comments: 771
8:29 PM, 30th August 2015, About 11 years ago
Reply to the comment left by “Mark Alexander” at “29/08/2015 – 10:21“:
Very good Mark ,straight to the point.
Member Since October 2014 - Comments: 282
9:33 PM, 30th August 2015, About 11 years ago
Reply to the comment left by “Ros .” at “30/08/2015 – 19:13“:
Glad to see a head out of the sand. Waiting for Foxtons to do the same. A good collaborative effort, Ros.
Member Since October 2014 - Comments: 274
9:02 AM, 31st August 2015, About 11 years ago
Petition just turned 23,000 signatures