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 January 2011 - Comments: 12193 - Articles: 1395
2:29 PM, 18th November 2015, About 10 years ago
Reply to the comment left by “Saeef Khan” at “18/11/2015 – 14:22“:
A few of the Lords have been sympathetic to the points that have been raised, however, the Lords have been powerless to affect the passing of a Finance Bill since around the year 1910.
As you will have seen from the link I posted in my last comment, the Finance Bill 2015 has now passed through the House of Lords.
.
Member Since August 2015 - Comments: 335
2:57 PM, 18th November 2015, About 10 years ago
Reply to the comment left by “Mark Alexander” at “18/11/2015 – 14:29“:
Mark,
I can see through the grid that, it has gone through House Of Lords stage” however aren’t these very same guys who will give “Royal Assent”?
If you are saying that, Lords have been powerless since 1910 then does this mean Royal Assent is inevitable?
Could they not give any ruling such as this Tax should not be retrospective i.e. should not apply to existing BTL properties?
Member Since July 2015 - Comments: 247
3:50 PM, 18th November 2015, About 10 years ago
Oh Wow …this is all going to get very interesting !
https://www.mortgagestrategy.co.uk/banned-self-cert-loans-set-for-return/#.VkxIXdUX1KE.linkedin
Member Since September 2013 - Comments: 771
4:15 PM, 18th November 2015, About 10 years ago
Curbs on buy-to-let mortgages announced
http://www.northwooduk.com/landlord-articles/1807?cmsys=1342882381&cmref=58400921366012501951&cme=38203721446651678876
Member Since November 2015 - Comments: 374 - Articles: 8
4:37 PM, 18th November 2015, About 10 years ago
Reply to the comment left by “KATHY MILLER” at “18/11/2015 – 16:15“:
I wonder if this will affect landlords’ ability to remortgage existing BTL mortgaged properties in the future.
Right now the most probable cause of crisis in the housing market is this bandwagoning grasper of a chancellor.
Member Since October 2014 - Comments: 274
5:03 PM, 18th November 2015, About 10 years ago
Reply to the comment left by “KATHY MILLER” at “18/11/2015 – 16:15“:
This, I believe, is just reporting on the article in Landlord Zone several days ago.
Member Since July 2015 - Comments: 438
5:58 PM, 18th November 2015, About 10 years ago
http://www.taxjournal.com/tj/articles/finance-no-2-act-2015-receives-royal-assent-18112015
http://www.taxjournal.com/tj/articles/review-finance-no-2-act-2015-18112015
Member Since August 2015 - Comments: 335
6:00 PM, 18th November 2015, About 10 years ago
I copied and pasted following from Parliament website from the link, Mark has sent:
Latest news on the Finance Bill 2015-16
Second reading (and all remianing stages) took place on 10 November.
The House of Lords cannot amend Money Bills so committee stage, report stage and third reading are just formalities.
Royal Assent is scheduled for 18 November.
Member Since August 2015 - Comments: 335
6:01 PM, 18th November 2015, About 10 years ago
So it seems as if that, all they are doing is fomality as mentioned above.
Member Since August 2015 - Comments: 287
6:02 PM, 18th November 2015, About 10 years ago
clause 24 is now home and hosed
next up, Basel III which, as I have said a few times before, is potentially more significant to more LLs