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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Tags:
Budget 2015 Campaign
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Member Since October 2013 - Comments: 1630 - Articles: 3
3:45 PM, 12th October 2015, About 10 years ago
Am I right in thinking the relief will still be available to those who have invested in a ‘holiday let’?
If so, and I have personal knowledge, these ‘investors’ are doing the same as BTL, but the laws governing holiday lets is nowhere close to those governing BTL, and the vast majority are private individuals with one property …just like ‘accidental’ landlords, except investing in a holiday let, with a mortgage, is a deliberate and planned decision.
Member Since October 2013 - Comments: 1020 - Articles: 47
4:18 PM, 12th October 2015, About 10 years ago
Reply to the comment left by “Manchester Landlord” at “12/10/2015 – 14:19“:
Hi M L
The change to line 23 on page 36 only relates to the exclusion of companies from the proposed change, so doesn’t affect us.
The change to line 18 on page 37 only changes the description of what they propose to disallow to make it identical to the heading on line 19. This in turn is changed by the next amendment to make it clear that the proposal only applies to individuals.
The next amendment adds a section relating to trusts, as does the last amendment concerning Clause 24.
So there is nothing of significance to those of us who do not operate through a trust.
Member Since October 2013 - Comments: 1020 - Articles: 47
4:29 PM, 12th October 2015, About 10 years ago
Reply to the comment left by “Lou Valdini” at “12/10/2015 – 15:45“:
Hi Lou
Yes, you are right. It says so in the first paragraph of the Policy paper:
https://www.gov.uk/government/publications/restricting-finance-cost-relief-for-individual-landlords/restricting-finance-cost-relief-for-individual-landlords
Member Since August 2015 - Comments: 139
4:34 PM, 12th October 2015, About 10 years ago
Reply to the comment left by “Appalled Landlord” at “12/10/2015 – 16:18“:
Thanks AL – lets hope the discussions at the treasury this week (13th & 15th) lead to something.
Member Since July 2015 - Comments: 247
5:04 PM, 12th October 2015, About 10 years ago
Anyone got the number for Facebooks UK accountant ?
http://www.bbc.co.uk/news/business-34504474?ocid=socialflow_facebook&ns_mchannel=social&ns_campaign=bbcnews&ns_source=facebook
Member Since October 2014 - Comments: 274
6:38 PM, 12th October 2015, About 10 years ago
…………and they pay very little tax.
E.g. Land Securities Profit £2.4bn tax -£0.3m (yes HMRC owe them tax).
Member Since July 2015 - Comments: 438
7:46 PM, 12th October 2015, About 10 years ago
Reply to the comment left by “Mark Shine” at “12/10/2015 – 11:19“:
@ Jon Pipllman, do you agree with my earlier post or do you think that the other forum that you follow (who appear to have fallen for GO & DG’s low quality sales pitch hook, line & sinker on this occasion) are right? BTW Jon as I’m sure you presumably realise, most participants of your other forum would throw you under a bus without a moment’s hesitation if such an opportunity arose… as you’re a BTLer.
Member Since September 2016 - Comments: 2533 - Articles: 73
8:14 PM, 12th October 2015, About 10 years ago
Reply to the comment left by “Neil Patterson” at “12/10/2015 – 15:34“:
Thanks Neil. I never would have spotted that – I didn’t realise it was in mathematical-speak, instead of just plain English.
Is it the case that this kind gift of 20% ‘relief’ kicks in when our 100% costs are fully disallowed?
Member Since February 2011 - Comments: 3453 - Articles: 286
8:18 PM, 12th October 2015, About 10 years ago
No Probs 🙂
Yes but the pain is staggered in equal increments over 4 years.
Member Since July 2015 - Comments: 154
8:22 PM, 12th October 2015, About 10 years ago
Reply to the comment left by “KATHY MILLER” at “12/10/2015 – 11:25“:
I am not expecting the amounts from the government to be that large. I expect the majority of investment will come from property funds offered by insurance companies and other similar types of investments.