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 August 2015 - Comments: 335
8:28 PM, 21st October 2015, About 10 years ago
Reply to the comment left by “Manchester Landlord” at “21/10/2015 – 20:07“:
Neil, the only snag is that, they may bring rent controls respectively.
If this double whammy occurs then the only way is EXIT.
Member Since August 2015 - Comments: 139
8:45 PM, 21st October 2015, About 10 years ago
Reply to the comment left by “Saeef Khan” at “21/10/2015 – 20:28“:
Saeef, anything is possible – that’s why we all have to start preparing for the worst now.
I’m not leaving the property market because there will always be opportunities regardless of the tax situation.
Member Since September 2015 - Comments: 47
9:03 AM, 22nd October 2015, About 10 years ago
Reply to the comment left by “Manchester Landlord” at “21/10/2015 – 20:45“:
Manchester….There will always be opportunities in property…..and right now the glaringly obvious one is the limited company path. In fact new entrants now have a huge competitive advantage. I have full sympathy for the unincorporated being hit retrospectively by this unfair tax.
Member Since September 2016 - Comments: 2533 - Articles: 73
9:15 AM, 22nd October 2015, About 10 years ago
Reply to the comment left by “Costas Tzanos” at “22/10/2015 – 09:03“:
There are changes afoot however and several signs that the limited company route is not a safe bet – namely the fact that George Osborne was considering attacking limited companies’ tax status in 2010, the fact that the OECD is planning changes related to ‘tax relief’, and not least the fact that as soon as ‘individual’ landlords (as we are now known) have been walloped, GO will want to continue in his quest for ‘fairness’ and level playing fields (even if, as the Institute of Chartered Accountants’ submission to the Finance Bill stated, there is a ‘cliff edge’ in the middle of the field).
Member Since September 2015 - Comments: 47
9:19 AM, 22nd October 2015, About 10 years ago
Reply to the comment left by “Costas Tzanos” at “22/10/2015 – 09:03“:
For those not badly affected by the changes.. Please don’t write off this sector yet. I completed last week on my first Ltd company purchase and the mortgage rate was more competitive than I expected at 4.07%.
Member Since August 2013 - Comments: 108
9:43 AM, 22nd October 2015, About 10 years ago
Reply to the comment left by “Saeef Khan” at “21/10/2015 – 20:28“:
Rent controls ? you are writing about the UK, champion of the free market economy, self regulation and entrepreneurship. Just imagine how thing would be if we had a left wing Govt in control ?
Member Since April 2014 - Comments: 306
9:46 AM, 22nd October 2015, About 10 years ago
Reply to the comment left by “Saeef Khan” at “21/10/2015 – 20:23“:
Thanks Saeef. However I can’t be got rid of that easily.
Member Since August 2013 - Comments: 108
9:51 AM, 22nd October 2015, About 10 years ago
Reply to the comment left by “Costas Tzanos” at “22/10/2015 – 09:19“:
Costas if you dont mind me asking what kind of ltv or depoit %age did the lender require ? ltd seems to be the road to travel along
Member Since August 2013 - Comments: 108
9:57 AM, 22nd October 2015, About 10 years ago
Reply to the comment left by “Trendo ” at “21/10/2015 – 02:05“:
Heres my advice to the Blackpool tenants there are two poundlands there get along and spend a fiver on a mop&bucket cloths and cleaner then use elbow grease ! unbelievable alternatively stay on a farm ! And hmo landlords do your bit in the common areas to set an example the problem in Britain is we got lazy over the years time to grow up for everyone.
Member Since September 2015 - Comments: 47
10:37 AM, 22nd October 2015, About 10 years ago
Reply to the comment left by “Simon ” at “22/10/2015 – 09:51“:
25%………For me Ltd company is a non brainer as the dividend tax changes from my consultancy busineds have also guided me onto this path. Diverting excess profits from my consultancy business into property business prevents me getting whacked on divendends had I decided to take consultancy profits out as dividends. I am sure I am not the only property investor here with income from another company. To those the Ltd company path is a no brainer. To answer Ros….yes you are right government may eventually tax ltds….but the impact will be less severe as corporation tax will soon only be 18%.