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: 393
10:17 PM, 22nd September 2015, About 11 years ago
Reply to the comment left by “Roger Rabbit” at “21/09/2015 – 22:55“:
A cheap area should mean that it is easier to sell properties and that land is cheaper (and probably wages also) so build costs would be lower – therefore easier to build there and more lucrative. Local council planning probably want to lift up a depressed area and might be more prepared to grant permission for new builds. Exactly what I’d expect Cheaper area = more building.
Member Since July 2015 - Comments: 393
10:22 PM, 22nd September 2015, About 11 years ago
Reply to the comment left by “Costas Tzanos” at “22/09/2015 – 09:58“:
Bah! There is no such thing as a PSC – the term was invented by HMRC to try to make out that incorporated micro businesses in the service sector were tax dodgers and not real businesses. Don’t give in to their doublethink. You have a very small Ltd Co (as do I).
Member Since August 2015 - Comments: 76
12:21 AM, 23rd September 2015, About 11 years ago
Reply to the comment left by “Kathy Evans” at “22/09/2015 – 22:17“:
That is nonsense Kathy,
in the UK new homes are quota driven. Clearly if the councils only allow 1,000 homes the builders cant build 2,000 homes!
It might be true that it would be cheaper to build a home up north than in London but not by much and the difference in the sale price (£150k vs £600k) would more than cover the difference in construction cost
Member Since September 2013 - Comments: 771
7:54 AM, 23rd September 2015, About 11 years ago
Over 60% of private landlords face being pushed from basic to higher rates of income tax as a result of reforms announced in the Summer Budget.
https://www.landlordtoday.co.uk/breaking-news/2015/9/two-thirds-of-landlords-face-tax-bombshell–rla
Member Since July 2015 - Comments: 247
11:51 AM, 23rd September 2015, About 11 years ago
Reply to the comment left by “KATHY MILLER” at “23/09/2015 – 07:54“:
Finally the sleepy troops begin to stir. As i pointed out 200 odd pages ago, the people most affected on a personal financial impact level (in terms of quantity affected) will be the ones pushed into HR tax with the double whammy of losing tax credits and & child benefit – these are the ones who will starring in TV documentaries about the mess GO is about to create, normal <40k earners with one or 2 props , accidental LL, the savers who tried hard to plan for their future and not rely on the government. I think the back lash from people who have invested pension cash recently will begin shortly as they also begin to wake up to what is possibly /probably coming.
Member Since September 2015 - Comments: 1013
1:04 PM, 23rd September 2015, About 11 years ago
A new article from Richard Dyson, Daily Telegraph titled “New buy-to-let tax: now the banks warn against it”
http://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/11881850/New-buy-to-let-tax-now-the-banks-warn-against-it.html
Member Since September 2015 - Comments: 1013
1:45 PM, 23rd September 2015, About 11 years ago
Just hit 30,000 signatures. ☺
Member Since July 2015 - Comments: 22
2:14 PM, 23rd September 2015, About 11 years ago
Reply to the comment left by “Barry Fitzpatrick” at “23/09/2015 – 13:04“:
Thanks for pointing out the article,
It’s good to know that the Council of Mortgage Lenders are at last speaking up about this.
Member Since August 2015 - Comments: 79
2:43 PM, 23rd September 2015, About 11 years ago
Same trolls spitting out the same anti-BTL arguments,
Some people will never be convinced. After all why let the facts get in the way of a good argument.
Member Since July 2015 - Comments: 438
3:37 PM, 23rd September 2015, About 11 years ago
Reply to the comment left by “Trendo ” at “23/09/2015 – 11:51“:
Trendo you may well have said that and you were right.
Something I and others have said many times as also included again in the yesterday’s Telegraph article:
“The tax only affects landlords with mortgages. Very wealthy investors who buy cash-only, or those who buy through companies, are not subject to the proposed tax rise, which will be phased in and fully implemented by 2020.”
I assume the above are the main reasons in addition to LLs who will stay as 20% tax payers is why GO & crew felt they could get away with saying that only 1 in 5 LLs would pay more tax.