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”. 
To calculate the impact of this policy on your personal finances download this software
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Budget 2015 Campaign
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Member Since December 2015 - Comments: 27
5:49 PM, 19th December 2015, About 10 years ago
Reply to the comment left by “Ros .” at “19/12/2015 – 15:45“:
Hi Ros, be good to meet. Are you on Facebook? https://www.facebook.com/RhysJonesSWPS
Member Since September 2016 - Comments: 2533 - Articles: 73
6:04 PM, 19th December 2015, About 10 years ago
Reply to the comment left by “Rhys Jones” at “19/12/2015 – 17:49“:
Hi Rhys. No, I don’t do facebook, but we can set something up in the New Year.
Member Since December 2015 - Comments: 452
6:36 PM, 19th December 2015, About 10 years ago
Reply to the comment left by “Rhys Jones” at “19/12/2015 – 17:47“:
I did say *I* was the new kid….
I don’t see how tax can be 3x more than earnt. I have seen where a worked example was 155%, so is it quite as bad as you suggest? But anyhow as proposed it may well mean you would be making a loss, totally unacceptable.
When the firearms laws changed it meant certain guns were confiscated the government HAD to make recompense to those affected. I am pretty sure that would not be the case here, you can still sell, at least in theory. So morally you are right, but legally I doubt it, personally speaking.
I had thoughts of acquiring property in Wales with a mortgage, now that is dead in the water with rent Wales licensing and this iniquitous pernicious onslaught. I would stick to commercial property instead, good tenants with a long lease in situ……… Where are they advertised?
Member Since August 2015 - Comments: 335
9:45 PM, 19th December 2015, About 10 years ago
http://www.ft.com/cms/s/0/36031ca6-a595-11e5-a91e-162b86790c58.html#axzz3unzKh2CY
Member Since December 2015 - Comments: 452
10:44 PM, 19th December 2015, About 10 years ago
Again for us poor folk without the ft subscriptions, can you post the relevant section?
Member Since December 2015 - Comments: 452
11:23 PM, 19th December 2015, About 10 years ago
Stephen Ludlow, chairman at Ludlow Thompson, an estate agency, noted that the sums the Treasury expected to raise from cutting tax reliefs — amounting to £275m in 2018-19 — were dwarfed by those that landlords can still claim, estimated at a total of £15.2bn ……..
Yet this is the same Stephen Ludlow that said
Buy-to-let property in London ‘good option’ for renters
could be a cost-effective option for those looking for somewhere to live in London, according to residential property agents Ludlowthompson – See more at: http://www.ridgeestateagentsltd.com/news/articles/Buytolet-property-in-London-good-option-for-renters-18577679.aspx#sthash.mLGQ1YZ2.dpuf
So what exactly are the £15bn tax breaks?
Member Since December 2015 - Comments: 27
1:46 AM, 20th December 2015, About 10 years ago
Well here you go. If you have not seen some calculations for portfolio landlords, here’s mine. I appreciate that so many landlords will be in different positions, but this has to be one of the most punishing changes ever 🙁
I REALLY hope my calculations are wrong! Sorry Chris Byways, I underestimated it earlier!
http://southwalespropertysolutions.com/LandlordTax
Member Since July 2015 - Comments: 247
3:44 AM, 20th December 2015, About 10 years ago
Reply to the comment left by “Rhys Jones” at “20/12/2015 – 01:46“:
your calculations are incorrect Rhys, try this calculator (link is also at the top of this page) http://tinyurl.com/Budget-Proposals-2015
rent =180K
mort =108K
for profit to be be 10K you need 62k of other expenses meaning rent is 118K NOT 180K
Your Personal Allowance goes down by £1 for every £2 that your adjusted net income is above £100,000. This means your allowance is zero if your income is £121,200 or above.
https://www.gov.uk/income-tax-rates/income-over-100000
Your figures are not correct & your calcs are not correct ! Use the calc at the top of this sheet and enter the info correctly !
Member Since August 2013 - Comments: 428
8:27 AM, 20th December 2015, About 10 years ago
Reply to the comment left by “Rhys Jones” at “20/12/2015 – 01:46“:
Rhys, you don’t appear to have deducted your allowable expenses in your “after the budget” calculation. Try using the spreadsheet on this site, link at top of each page.
Member Since August 2013 - Comments: 428
8:31 AM, 20th December 2015, About 10 years ago
Reply to the comment left by “Rhys Jones” at “20/12/2015 – 01:46“:
Rhys, you don’t appear to have deducted your allowable expenses in your “after the budget” calculation. Try using the spreadsheet downloadable from this site, link in top section of each page on this thread.