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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Comments: 118
7:57 PM, 13th July 2015, About 11 years ago
Reply to the comment left by “Mark Alexander” at “13/07/2015 – 19:43“:
lending from a swiss bank with the company registered in the cayman Isles Mark, leased at 0 profit ?!
Member Since October 2013 - Comments: 1020 - Articles: 47
7:59 PM, 13th July 2015, About 11 years ago
Reply to the comment left by “Gary Mason” at “13/07/2015 – 19:32“:
Hi Gary
I’m pretty sure Neil Robb was laughing at Simone Gilks’s post of 18.11: https://www.property118.com/budget-2015-landlords-reactions/76164/comment-page-39/#comment-58318
Member Since September 2013 - Comments: 154 - Articles: 1
8:07 PM, 13th July 2015, About 11 years ago
Comments: 96
8:29 PM, 13th July 2015, About 11 years ago
Reply to the comment left by “Ros .” at “13/07/2015 – 19:47“:
Ros, you hit the nail on head!
Comments: 96
8:30 PM, 13th July 2015, About 11 years ago
Reply to the comment left by “Mark Alexander” at “13/07/2015 – 18:46“:
Well put Mark! I hope it works.
Comments: 96
8:33 PM, 13th July 2015, About 11 years ago
Reply to the comment left by “Appalled Landlord” at “13/07/2015 – 19:59“:
Appalled Landlord…I am such a dimwit…..:-(
Apologies Neil for jumping the gun..you will soon get used to my stupidity.
Member Since October 2013 - Comments: 1020 - Articles: 47
8:40 PM, 13th July 2015, About 11 years ago
Reply to the comment left by “Mark Alexander” at “13/07/2015 – 19:43“:
Hi Mark
I don’t understand all the details. Could you explain who borrows from the bank – you or the company?
The company would sublet to tenants, and you would receive rent from it, on which you would pay income tax, is that right? You would pay interest to the bank out of rent received from the company?
Member Since September 2016 - Comments: 2533 - Articles: 73
8:46 PM, 13th July 2015, About 11 years ago
Hi Mark.
You’ve written an excellent letter spelling out a lot of the issues. I would have to amend mine if I wrote to my local MP, who is Labour, but he has answered me before saying that he is supportive of landlords, so he might be better than the Tories! He could vote against the Tories’ proposals (as would be his natural wont) and support landlords at the same time. I’m not sure also about what Minister, if any, I should write to and send the same to the Chancellor.
I don’t know if you can remember where I posted my letter about the value of landlords? I would like to put a bit of that in too, as the budget proposals/decisions are politically-motivated and based on stereotyped information about landlords – it is this which has made Osborne feel empowered to launch this attack,
Regarding the CGT issues, I think the proposed solutions wouldn’t suit me and my Mort Exp mortgages, as any little tinkering and they’d want to call the loans in, I think. I think the idea of saying the rules, if introduced, should only apply to new lending is the way to go.
Member Since January 2011 - Comments: 12193 - Articles: 1395
8:49 PM, 13th July 2015, About 11 years ago
Reply to the comment left by “Appalled Landlord” at “13/07/2015 – 20:40“:
I’m not ready to confirm the full details yet as I’m still thinking through the stucture in detail myself.
However, my current thinking would not involve subletting as that could create an insurance problem.
My current thoughts are that I would create a head lease which eats up all of the finance costs and profits.
I would continue personally to be responsible for the letting and the income, maintenance, insurance etc, as the landlord, but as opposed to paying interest, I would be paying rent to the head lessee (NewCo).
Yes I would be liable to pay tax on any profit I make personally, but guess what, I doubt there will be any! 😉 LOL
.
Member Since January 2011 - Comments: 12193 - Articles: 1395
9:00 PM, 13th July 2015, About 11 years ago
Reply to the comment left by “Ros .” at “13/07/2015 – 20:46“:
Hi Ros
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