Summer Budget 2015 – Landlords Reactions

Reply to the comment left by “Laura Delow” at “09/10/2015 – 17:38“:

I have board shoulder’s but thank you I have given up trying to educate every one I know about the evil changes
Most Know better than to listen to a full time Landlord who has been in this investment since 1982
we all learn every day and that’s good and it keeps us fresh
You can led a donkey to water but you can not make it drink

Reply to the comment left by “Ros .” at “09/10/2015 – 17:30“:

Ros could you not read between the Lines I was winding up the idiots on the Telegraph blog If you care to look again you will see my comments I a different light
We have haters out there most are as thick as a canteen cup and they bite every time
we have lost this battle due to the haters but we can win the war if we learn and move forward

Reply to the comment left by “David Gill” at “09/10/2015 – 18:00“:

I’m up for that too.

Reply to the comment left by “Dislexic Landlord” at “09/10/2015 – 18:14“:

Without spending too much time on this, I just cut and pasted a few of your comments for people to read here. If this is somehow your idea of winding people up and somehow supporting landlords, I don’t think it’s very effective:

o chippo11 Michael Clarke • a day ago
I hope they go bust. All Buy-2-Let landlords are thieving off young and old people (usually poor working class people, who have no assistance or family wealth).

dislexiclandlord chippo11 • a day ago
you have hit the nail on the head that’s why the govt is doing this best thing that’s ever happened in my opinion

dislexiclandlord Michael Clarke • a day ago
I total agree so few Landlords pay tax its a disgrace let them burn in hell don’t you think

dislexiclandlord chippo11 • a day ago
I agree totally kick out the small Landlords we need the new LTD Co Super Landlord who only pay 18% on there profits bring it on

‘A shout of help from the RLA what a joke
The Landlord investor is dead in the water
Move over for the new cooperate Landlord who know what there doing
I feel sorry for the homeless Tenants
where will they go OH I know where the New Cooperate Landlord
I can see rich pickings here for large Landlords who use Ltd Co
18% cooperation tax on profits I can live with that and a nice healthy pension funded by my new Ltd Co Good comes from Bad don’t you think’

Alan R • a day ago
Govt has ‘encouraged’ landlords to sell- via the recently announced tax changes. And with a good degree of success too, judging by the column inches devoted to the issue recently.
If someone is unable to meet their CGT liabilities when selling, and unable to meet tax obligations on an ongoing basis then – like any other business in a similar position- it should be wound up and assets sold and creditors satisfied in line with usual rules.
Many highly leveraged landlords withdrew equity from their portfoilio to fund expansion without any provision or regard for future tax liabilities. It’s not up to the taxpayer to cover those liabilities.
.
dislexiclandlord Alan R • a day ago
well said

• Michael Clarke • a day ago
Lies from greedy landlords.

dislexiclandlord Michael Clarke • a day ago
they all tell lies that’s why they have money

Reply to the comment left by “Ros .” at “09/10/2015 – 19:49“:

Well done Ros

His first posting on this site was to a tax calculator that was riddled with errors and had a name that mocked our situation.

Reply to the comment left by “Ros .” at “09/10/2015 – 19:49“:

I was patronising the guy and did you see I appoigised to the guy who was renting because he was in the Forces
I have learned long ago that the hate Brigade can not see sense
I don’t need to justify myself to you but I understand where your coming from it looks as if I was on the hate guys side which I am not
I have been a big supporter of the NLA and I am a member too
Your missing the point m sorry if you feel different
I am sick of haters but its the haters who have caused so much bother
Please please read my comments further and you will see my point think on im called Dyslexic Landlord I could have made my comments anonymous if I really wanted too but I did not

http://www.nolo.com/legal-encyclopedia/is-your-rental-activity-business-investment.html

How many countries would say we were businesses I wonder?

Reading these comments is hysterical. It’s equals the aggressive dialogue in Rising Damp between the landlord; Rigby (Leonard Rossiter) and one of the tenants; Philip (Don Warrington). They used to go at it hammer & tongs too. But didn’t they in the end get on & develop a healthy respect for each other?! Anyhooooo……although we shouldn’t lose our sense of humour, on reading Ros’ list of some of your postings DL (which I’ve tried to find to see for myself in what context you replied but they seem to have been removed – reported to the moderator I guess) not everyone will want to or be able to comprehend or appreciate your tongue in cheek humour DL. Plus, the last thing we want is for a journalist to get insight to our infighting as then we could be in danger of losing the credibility we need in to be taken seriously in the big boys playground.
Meanwhile – Kathy – good link. If the UK definition in law is the same then this adds tremendous fuel to our argument.

http://www.theguardian.com/money/2013/jun/28/new-class-landlords-profiting-generation-rent
Former right-to-buy council homes have provided rich pickings for investors. It has emerged that Charles Gow, the son of Ian Gow, the Tory minister and Thatcher aide during the peak years of the right-to-buy boom, owns at least 40 ex-council properties. About a third of ex-council homes sold in the 1980s under Margaret Thatcher are now owned by private landlords.

As HMT seem to be winging it, crossing their fingers and desperately hoping (rightly or wrongly) that instItutional residential LLs will step in to provide the solutions to the chaos in the PRS that Clause 24 is likely to create (a simple transfer of resi property of all shapes & sizes from the PRS to OOs is unlikely to be as simple as the govt rhetoric suggests)…. I doubt they will find it easy to launch similar attacks on ANY company residential LLs in the near future?

In addition to RLA, NLA & SAL, two of the most vocal LL ‘groups’ re Clause 24 appear to be P118 and Property Tribes.

@ Mark A: whilst I realise that you may be busy investigating mitigation options, am wondering if there has there been any offline discussions between the heads of any of the 5 above mentioned groups (or any others eg Landlordzone) re joining forces on this matter to create some sort of action group for the brutal C24 attack on non incorporated & encumbered LLs?