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
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Member Since January 2011 - Comments: 12193 - Articles: 1395
1:15 PM, 15th July 2015, About 11 years ago
Reply to the comment left by “Gary Mason” at “15/07/2015 – 13:06“:
Wrong again I’m afraid.
Your tax is currently calculated after your interest charges.
However, let’s suppose you have received your tax bill and you discover that you forgot to add £1,00 of mortgage interest onto your tax return.
This wouldn’t wipe out your tax completely, it would however reduce you tax bill by the highest rate of tax paid. For example, if you are a 40% tax payer your tax bill would reduce by 40% of the £1,000 of extra BTL interest, resulting in a £400 reduction in your tax bill and hence reducing it to £600.
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Member Since January 2011 - Comments: 12193 - Articles: 1395
1:16 PM, 15th July 2015, About 11 years ago
Reply to the comment left by “Gary Mason” at “15/07/2015 – 13:06“:
See the urban dictionary http://www.urbandictionary.com/define.php?term=FFS
LMFAO
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Member Since October 2013 - Comments: 1020 - Articles: 47
1:18 PM, 15th July 2015, About 11 years ago
Reply to the comment left by “Gary Mason” at “15/07/2015 – 12:35“:
You are badly confused, despite the efforts of Jason, Simon and the two other accountants and me to help you.
You have been confused been since your first posting, which was the fallacious treatment of interest as income.
Yet you have persistently claimed that you are right and that everyone else is wrong, sometimes in an insulting manner.
I respectfully suggest that you stop posting examples as if you were an expert because you are only spreading confusion.
Member Since January 2011 - Comments: 12193 - Articles: 1395
1:24 PM, 15th July 2015, About 11 years ago
Reply to the comment left by “Gary Mason” at “15/07/2015 – 12:35“:
Gary
I have checked your member profile and spotted that you are a very new member to this website and have only ever posted on this thread.
A more cynical moderator than I am might think you are “trolling” and that you are not a landlord at all, perhaps one of the landlord haters from the House Price Crash forum?
Urban dictionary definition of trolling http://www.urbandictionary.com/define.php?term=trolling
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Comments: 96
1:25 PM, 15th July 2015, About 11 years ago
Reply to the comment left by “Mark Alexander” at “15/07/2015 – 13:16“:
LOL Mark. That was the politest way to convey the message.
Comments: 96
1:28 PM, 15th July 2015, About 11 years ago
Reply to the comment left by “Mark Alexander” at “15/07/2015 – 13:15“:
As I said repeatedly you do at the end lose 20% and effectively pay 20% extra.
Comments: 96
1:30 PM, 15th July 2015, About 11 years ago
Reply to the comment left by “Mark Alexander” at “15/07/2015 – 13:24“:
Mark,
I am landlord otherwise I would not have taken such immense interest and would try to educate likes of Appalled Landlord” who has not even given his real name. If anyone is a troller then it has to be Mr Appalled Landlord.
Member Since October 2013 - Comments: 1020 - Articles: 47
1:33 PM, 15th July 2015, About 11 years ago
Reply to the comment left by “Gary Mason” at “15/07/2015 – 12:42“:
£11,400 is not your total tax bill, it is the extra tax that will be payable on the interest of £57,000 under the new rules compared to today.
Please cease, desist, stop, For Heaven’s Sake!
Comments: 96
1:35 PM, 15th July 2015, About 11 years ago
Reply to the comment left by “Appalled Landlord” at “15/07/2015 – 13:33“:
So what’s the difference?
Member Since January 2011 - Comments: 12193 - Articles: 1395
1:39 PM, 15th July 2015, About 11 years ago
Reply to the comment left by “Gary Mason” at “15/07/2015 – 13:30“:
Hello Gary
I’m sorry but we need to see some evidence.
Please scan and email us one of your BTL mortgage statements – [email protected].
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