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
9,619 comments on this article
Learn from your peers’ experience
A different perspective could help you spot an issue, avoid a mistake or find a better way forward. Read the comments and add your own views if you wish.
Member Since October 2013 - Comments: 1020 - Articles: 47
10:47 PM, 12th September 2015, About 11 years ago
Reply to the comment left by “Ros .” at “12/09/2015 – 21:10“:
Hi Ros
I was always sceptical about the attraction of the PRS to institutions, which George Osborne is relying on to replace us, because it is a political football. Jeremy Corbyn has now made it a poisoned chalice for large-scale landlords.
He will never be PM, but if the Conservatives can adopt a socialist measure from the Green Party, any future government could adopt Corbyn’s loony measures.
Member Since October 2013 - Comments: 1020 - Articles: 47
11:07 PM, 12th September 2015, About 11 years ago
Reply to the comment left by “adam prospect” at “12/09/2015 – 22:38“:
Hi Adam
I am relieved to read that you don’t pretend to know that our loans could be called in. You seemed so authoritative at 19.52.
Member Since October 2014 - Comments: 274
12:02 AM, 13th September 2015, About 11 years ago
Reply to the comment left by “Mark Brown” at “12/09/2015 – 22:30“:
Sure.
I don’t knowif you can send personal messages via this website. Can anyone advise?
/help?
Member Since January 2011 - Comments: 12255 - Articles: 1477
12:18 AM, 13th September 2015, About 11 years ago
Reply to the comment left by “Barry Fitzpatrick” at “13/09/2015 – 00:02“:
I have sent you both an email exchange.
.
Member Since October 2014 - Comments: 274
12:23 AM, 13th September 2015, About 11 years ago
The petition has just hit 28,000 signatures.
Member Since July 2015 - Comments: 438
12:34 AM, 13th September 2015, About 11 years ago
Reply to the comment left by “BTL INVESTOR SCOTLAND” at “06/09/2015 – 11:12“:
Assuming that non incorporated LLs do not have the appetite to challenge HMT’s assumptions of fairness and function between (1) OOs vs LL’s and (2) non-incorp LLs vs incorp LLs via the courts, I do suggest that we start thinking seriously about proposing alternatives to the govt.
My wife has a lot of experience (albeit in another field) of lobbying and trying to reason with MPs – generally they are unlikely to back down on a proposal of theirs however badly thought out it was… unless they are given an ‘out’ so they don’t lose face.
In that regard, I think it was it was BTL IS (a forum member that I respect) who initially suggested a modest non-principal private residence tax/levy/fee might be a fairer way of achieving GOs tax grab targets, or exceeding them, in a more equitable manner in the post I am replying to.
Member Since August 2015 - Comments: 76
1:02 AM, 13th September 2015, About 11 years ago
Reply to the comment left by “Mark Shine” at “13/09/2015 – 00:34“:
Hi Mark,
The idea of a non principle private residence levy is a good idea if its a small figure and that’s the end of the story. However it could lead to very nasty additional taxation or fees which could mean it backfires badly.
A flat £250 additional fee per year per property would raise ~£1.2 billion which is much more than the interest plus wear and tear changes are expected to bring in. In fact I suspect with that move it leaves enough money to reduce stamp duty for a lot of FTBs so its reversing a bad tax and helping FTBs
any thoughts?
Member Since August 2015 - Comments: 76
1:33 AM, 13th September 2015, About 11 years ago
Thinking about that idea further. A levy of £250 per property per year instead of the interest rate and the wear and tear changes would bring in ~£1.2B a year. Thats a lot more than the proposed changes and the government could use the excess to offer a £1,000 gift towards the purchase of a home (or £1k reduction in stamp duty) for first time buyers and still be brining in more.
Also it would be landlords effectively contributing to FTBs buying their own homes
Member Since October 2014 - Comments: 274
7:58 AM, 13th September 2015, About 11 years ago
Reply to the comment left by “Roger Rabbit” at “13/09/2015 – 01:02“:
Would this apply to people with second homes that they use for themselves and don’t let out?
Member Since August 2013 - Comments: 428
8:08 AM, 13th September 2015, About 11 years ago
Reply to the comment left by “Roger Rabbit” at “13/09/2015 – 01:33“:
Landlords would no doubt pass on the charge as a rent increase so the cost would be borne by tenants and second home owners, a sure fire vote winner if ever I saw one. If you think that government will fall for it you are living in cloud cuckoo land.