Summer Budget 2015 – Landlords Reactions
2:00 PM, 8th July 2015, 11 years ago
9619
Categories:
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
Tags:
Budget 2015 Campaign
Comments
Have Your Say
Every day, landlords who want to influence policy and share real-world experience add their voice here. Your perspective helps keep the debate balanced.
Not a member yet? Join In Seconds
Login with
or
Member Since March 2015 - Comments: 225
10:07 AM, 21st December 2015, About 10 years ago
The Guardian affords a public platform, see this riposte: http://www.theguardian.com/money/2015/dec/20/buy-to-let-ignore-landlord-martyrs-time-for-bank-to-act#comment-65469900
Member Since August 2015 - Comments: 335
4:01 PM, 21st December 2015, About 10 years ago
Reply to the comment left by “money manager” at “21/12/2015 – 10:07“:
Money Manager,
Did you see following comment on Guardian…it was posted by me!
Keep bashing landlords, there will be a time that, you wish they had existed.
Keep pushing for further taxation on landlords as remaining landlords who do not exit the market will inevitably pass the buck back to an end user in this case a tenant.
When price of petrol goes up, who foots the bill…Is it Petrol Station or an End User (Driver) of course.
These bunch of numpties think they are doing a great job by campaigning against landlords when in fact they are doing themselves a disservice.
REMEMBER END USER WHO FOOTS THE BILL- ALL TAXES WILL BE PASSED TO A TENANT NOT LANDLORD
Member Since August 2015 - Comments: 17
5:03 PM, 21st December 2015, About 10 years ago
HI Trendo
You stated
Prof LL will restructure, dumping unprofitable stock to incorporate and re create a far more profitable & more stable (than now) portfoilio taxed @18% instead of 40/45%
Please note you and your company are separate legal entities.
Your company may be taxed at 18% but what is left after the 18% tax is deducted is not yours it is owned by your company
Should you decide to pay yourself a salary of £100,000 then you will be back into the 40/45 % bracket.
Member Since August 2015 - Comments: 335
5:10 PM, 21st December 2015, About 10 years ago
Reply to the comment left by “Matthew Dervin” at “21/12/2015 – 17:03“:
Absolutely.
Member Since March 2015 - Comments: 225
5:13 PM, 21st December 2015, About 10 years ago
Reply to the comment left by “Matthew Dervin” at “21/12/2015 – 17:03“:
Corportion tax is 20% on income and gains but the latter atracts indexation relief which would help portfolio realignment.
Profit extraction is another whole ball game and with the application of much restricted pension contributions (especially under MPAA) and the changes to dividend taxation much more difficult to do tax effectively other than on ultimate cessation.
Member Since August 2015 - Comments: 335
5:23 PM, 21st December 2015, About 10 years ago
It seems as if, Chancellor may attack, “Maintenance Repairs” relief which you are currently able to offest against rental income. Read paragraph 3 of this article.
http://www.ftadviser.com/2015/12/21/mortgages/mortgage-data/buy-to-let-tax-reliefs-still-set-to-exceed-bn-GH2JFKmno6D2dK44xxhG9K/article.html
Member Since September 2016 - Comments: 2533 - Articles: 73
6:36 PM, 21st December 2015, About 10 years ago
Check out this latest article and also please comment on it, as it will then go higher in google searches.
https://www.property118.com/landlord-tax-grab-source-document-exposed/83110/#comment-70076
Member Since July 2015 - Comments: 247
7:11 PM, 21st December 2015, About 10 years ago
Reply to the comment left by “Matthew Dervin” at “21/12/2015 – 17:03“:
Yes correct Matthew, guess that depends on just how much you need to draw out from the companyand what income comes from elsewhere. Up to 42K remains at 20% as i am sure you are aware.
Whilst portfolio is growing i would rather have it growing with tax efficiency
Everyone will have different circumstances and this wont be the best option for all, my finances are complex and this is just one piece of the jigsaw.
Member Since September 2015 - Comments: 153
1:34 AM, 22nd December 2015, About 10 years ago
http://www.bbc.co.uk/news/business-35154420
Good to see the bbc reporting basically what we have been saying for the last 6 months that because of the tax changes rents will rise… I think 25% in the next 5 years might be a bit on the high side but if it is anywhere near that then it will more than make up for the extra tax.
Member Since July 2015 - Comments: 247
3:35 AM, 22nd December 2015, About 10 years ago
Reply to the comment left by “steve p” at “22/12/2015 – 01:34“:
Fair to say RICS have some understanding of the housing market and understand better than most armchair warrior dreamers what is enevitable.