Summer Budget 2015 – Landlords Reactions

Just wondering what everyone’s thoughts are on contributing say £100 each towards a fighting fund to take a class action against the government on this new bill? (based on say 20,000 contributors – that gives us 2mill).
This bill completely destroys our business and pension!

It seems like a viable thing to do, other than that the government has an endless supply of tax payers money to fight with.
So before any meanful contribution a suitable legal team would need to appraise the situation.
I would suggest a smaller contribution amongst landlords for the initial consultation then if the lawfirm believed they had a case then ask for larger contributions.

Reply to the comment left by “Darren Bell” at “09/11/2015 – 13:43“:

I am in

I agree with the notion that, strong arguments should be made to Lords as they seem to hate Tories guts.

If good arguments are made to Lords who knows,they may take similar stance as Tax Credits which should cause defeat to Tories.

Reply to the comment left by “Saeef Khan” at “09/11/2015 – 15:59“:

Unfortunately Saeef the lords can not intervene in the finance bill the way they did on tax credits.

Reply to the comment left by “Neil Robb” at “09/11/2015 – 17:34“:

I see! In that case our fate is already been decided.

Unless of course, if they care to make some amendments.

Hi all.
Can someone who lives in Boris Johnson’s constituency copy and send this email to him for me – obviously in your name, as mine has bounced back as I am not his constituent? If anyone does do this, can they let me know? I headed the email ‘How to make George Osborne a laughing stock.’
Thanks.

Dear Boris

(or whoever reads this on your behalf)

I have not written to you before, but I believe you will be interested in what I have to say.

At the moment it is very fashionable – almost compulsory – to blame private landlords for everything under the sun. I know that you are a man who cuts through that kind of nonsense and it is for this reason that I am hoping you can have a think about opposing George Osborne’s Clause 24 of the Finance Bill, against landlords. It has been described as a ‘lunatic tax,’ and I will provide a few more links to articles which explain why this is so.

Taking on this issue could set you apart as someone who exposed a terrible anti-business, unfair and illogical tax (stolen by George Osborne from the Green Party Manifesto and opposed by the IFS among others) and one which will see rents sky rocket. You could basically make George Osborne a laughing stock (as he should be) if you could demonstrate how truly insane this policy is.

I am pasting some article below which set out some of the issues.

All the best.

These are some articles by a respected Telegraph financial journalist which points out why Clause 24 of the Finance Bill is lunacy:

This Alice in Wonderland tax sets a new benchmark in absurdity

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This Alice in Wonderland tax sets a new benchmark in abs…

Comment: George Osborne has killed off buy-to-let for all but the very rich

View on http://www.telegraph.co.uk

Preview by Yahoo

Death of buy-to-let: landlords wake up to Osborne’s 150pc tax

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Death of buy-to-let: landlords wake up to Osborne’s 150p…

Buy-to-let investors paying more than 100pc of their profits in tax are already selling up

View on http://www.telegraph.co.uk

Preview by Yahoo

‘Buy-to-let tax will cut our income by 25pc.’ How much will YOU lose?

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‘Buy-to-let tax will cut our income by 25pc.’ How much w…

As a controversial new tax pases through Parliament, our calculator shows how your profits will be affected

View on http://www.telegraph.co.uk

Preview by Yahoo

Reply to the comment left by “Saeef Khan” at “09/11/2015 – 15:59“:

I agree we still should write to the Lords, I have for most of the day.
Its correct that they cannot reject it but they might help with an amendment.
Please can everyone write to at least 3 members (there are 800)

Reply to the comment left by “Saeef Khan” at “09/11/2015 – 15:59“:

From: DAVIES, Philip
Sent: Monday, November 09, 2015 6:07 PM
To: kathymiller
Subject: Re: Finance Bill 2015 stealth tax hits millions of low paid and vulnerable Tenants

Dear Ms Miller

Thank you for your email. I have every sympathy for the points you make.

If you would be good enough to email me with your full postal address in the Shipley constituency I will take this up for you with the Minister and send you his response as soon as I receive it.

I hope to hear from you again soon.

Best wishes

Philip Davies MP

Please if any landlord is in the Shipley constituency can you email your MP

Reply to the comment left by “KATHY MILLER” at “09/11/2015 – 19:34“:

Hi Kathy.
I have just written to 6 members of the Committee on the Economics of the Housing Market – with regard to C24, which apart from having its Second Reading tomorrow, for those who don’t know, are also looking at the effects of C24 as part of their remit on the Committee.
The link to the page with the members is:

http://www.parliament.uk/business/committees/committees-a-z/lords-select/economic-affairs-committee/

We heard something about the fact that if more than 6 identical emails are submitted they will all be deleted – I don’t think this happens if you address each one individually within the email to the recipient….
I just adapted a previous letter I had sent to the Finance Bill Committee and to send off the 6 emails took about 10 minutes. OR: send the emails to other Lords or Baronesses etc. that you might have heard could be a good bet.
So if anyone else wants to write something, even if it is brief (that is often better anyway), you now have the link.