Summer Budget 2015 – Landlords Reactions

http://www.theguardian.com/business/economics-blog/2014/may/23/buy-to-let-landlords-disaster-economy

An example of a corporate LL from the USA

Is this the sort of thing we can expect to see here?

http://www.starwoodwaypoint.com

Reply to the comment left by “KATHY MILLER” at “09/10/2015 – 20:57“:

A frightening article.
The only thing at a quick glance I could find akin to the US definition you found Kathy on whether a rental business is an investment or trade is the following from HRMC website, second part of which needs a tax/property lawyer to define whether this is in our favour or not:-
Legislation
http://www.hmrc.gov.uk/manuals/pimmanual/PIM2105.htm
The profits of a rental business are calculated in the same way as the profits of a trade. Therefore interest may be deducted in computing the profits of a rental business provided that it meets the following criteria.
• It must be payable wholly and exclusively for the purposes of the rental business.
PIM1020 – Introduction: what is a UK property business?
Rental business – what is it?
http://www.hmrc.gov.uk/manuals/pimmanual/pim1020.htm
Profits from UK land or property are treated, for tax purposes, as arising from a business. The broad scheme is that rental business profits are computed using the same principles as for trades but the taxpayer is not actually treated as if they are trading. Thus, for example, CGT reliefs for traders are not available

Please remember all reasoned arguments are perfectly acceptable, but personal attacks are not.

Thank you for everyone’s cooperation 🙂

Hi Mark S,

Mark A is away on holiday, but back in a week 🙂

I was teased at school for Dyslexia My written Grammar and spelling is a joke But I take my responsibly of being a good Landlord to heart
When I see our investment’s dragged through the mud I do get annoyed
The haters out there and there are 1000s have little idier of our challenges of being a Landlord Day to Day
I have tried to reason with haters on a number of blogs but its hopeless
I am lucky I have looked at my business and I can move over 50% of my properties to a Ltd Co in the next years to come
Being a NE Landlord I have seen very little Capita Growth in the past 10 years so pound for pound I can move them
Low values also help with stamp duty and linked sales ect
I have been astonished how so called educated Landlords can not see the issues in front of them
I have been told Dyslexic Folk think a little bit different from most there are lots of very good Business men and women who are dyslexic ie Richard Branson
have never ever taken offended any one other than the haters they are a curse
I cant believe such hatred and envy excisted but its there
I am very glad that others read my blogs Yes the Telegraph blog was tong and cheek but it was picked up by some that it was my true feelings
I have a very dry sense of humour but that’s my way and I will always give a very straight view
If you don’t like it I am sorry but I wont change my views for anyone
The good thing about this new Taxation thing is its got Landlords thinking and talking
We are going to see huge changes (which others at this point in time cant see) but time will move forward and our Cottage Industry and Zombie Landlords will be gone
Don’t kill the messenger because its what I see
Change Adapt and increase rents and that’s my motto and its written on my office wall and yes the spelling is wrong but who gives a dam y Maths are good and that’s what counts as a Landlord
Enjoy your weekend Elaine

Please remember if you add a link to a comment it can get caught in the anti-spam software. Please do not take offence if this happens to you as it is nothing personal.

Reply to the comment left by “Neil Patterson” at “10/10/2015 – 00:27“:

Thanks Neil

Reply to the comment left by “Jon Pipllman” at “09/10/2015 – 21:10“:

Jon I think this sort of operation will come to the UK

We are going to see a new Dawn its going to be a bit like the old corner shop versus the Supermarket
Our World at present is the Corner shop??
we are gong to go to the Ltd Co Model
My own feeing’s are we will have a better Business in future years too

This is quite helpful
https://www.youtube.com/watch?v=M2fYBf_q8Ro