Summer Budget 2015 - Landlords Reactions

Summer Budget 2015 – Landlords Reactions

2:00 PM, 8th July 2015, 11 years ago 9619

Budget 2015 - Landlords Reactions

The concern is;

Budget proposals to “restrict finance cost relief to individual landlords”Summer Budget 2015 - Landlords Reactions

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  • Member Since August 2015 - Comments: 139

    2:07 PM, 8th September 2015, About 11 years ago

    Any news on todays finance committee meeting?

  • Member Since September 2013 - Comments: 771

    4:10 PM, 8th September 2015, About 11 years ago

  • Member Since September 2013 - Comments: 771

    4:14 PM, 8th September 2015, About 11 years ago

  • Member Since September 2013 - Comments: 771

    4:18 PM, 8th September 2015, About 11 years ago

  • Member Since September 2016 - Comments: 2533 - Articles: 73

    4:22 PM, 8th September 2015, About 11 years ago

    Reply to the comment left by “KATHY MILLER” at “08/09/2015 – 16:14“:

    Interesting article, Kathy. You’re a good researcher.
    I can’t view the second one as I think you have to subscribe. If you can see it and cut and paste any good paragraphs that would be good.
    Manchester Landlord: I’m as clueless as you. I’ve had BBC Parliament on and take a look now and then – but it’s the emergency debate going on at the moment.

  • Member Since September 2016 - Comments: 2533 - Articles: 73

    4:30 PM, 8th September 2015, About 11 years ago

    Reply to the comment left by “KATHY MILLER” at “08/09/2015 – 16:14“:

    Kathy, I thought this was an interesting bit:

    ‘The most controversial argument I drew from last year’s review was that owner-occupiers are heavily subsidised as they don’t pay taxes that might logically apply to the sector. These hidden tax reliefs have grown still further in the past year. They are now worth an estimated net £14bn: that is to say, owners collectively save this amount in taxes that are either charged now on other assets (capital gains tax) or used to affect homeowners. While the figure may be academic, its effects aren’t. The favourable tax treatment is a factor in house prices being so high, and in effect is a subsidy to existing owners at the expense of those who want to own but can’t.’

    This is a crucial argument we should use – I read it another report a few weeks ago – that it is not BTL landlords pushing up house prices; but rather the very favourable tax treatment of existing owner-occupiers. I think the latter face taxes in other countries that they don’t here.

    .

  • Member Since September 2013 - Comments: 178

    4:50 PM, 8th September 2015, About 11 years ago

    Reply to the comment left by “KATHY MILLER” at “08/09/2015 – 16:14“:

    Wonderful article!

    As Ros says this is exactly what we need, and we need to shout it out loud…although….that’s likely to make us even more unpopular!

  • Member Since September 2016 - Comments: 2533 - Articles: 73

    4:51 PM, 8th September 2015, About 11 years ago

    Discussion of Finance Bill starting now, but I don’t think they are going to debate Clause 24, according to an email I received. It’s on BBC Parliament.

  • Member Since August 2015 - Comments: 24

    6:10 PM, 8th September 2015, About 11 years ago

    Reply to the comment left by “Ros .” at “08/09/2015 – 16:22“:

    Ros, with regards FT articles, if you paste the heading into google, you should be able to click the link and see the full article. Heading is “Housing associations seek to profit from Britain’s property woes”. I think it only works a limited number of times per month though.

  • Member Since September 2013 - Comments: 771

    6:28 PM, 8th September 2015, About 11 years ago

    Looking at housing association reports it appears the government want them to build more market houses to sell and re invest the proceeds for affordable housing.

    But the housing associations are worried regarding affordable housing as its not affordable to most tenants with all the cuts and the arrears bill.

    Government grant looks like its to be greatly reduced for them and they have to seek funding elsewhere.

    Most have a surplus of money but are scared about building more houses for affordable rents. They also think if they get funds from elsewhere they will definitely lose funding from government.

    It appears these now have to become much more business focused and some quarters dont believe that all H Associations have the skills.

    I think the government want to get rid of these to.

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