Summer Budget 2015 – Landlords Reactions

Reply to the comment left by “Mark Alexander” at “15/02/2016 – 21:50“:

the similar stories should tell far and wide, average Joes view on landlords wont be so twristed will it? …of cause GO wont care..!

Mark, i have a question really not about the discussion here: is a local Estate agent’s valuation adequte(official) to prove the house value at a time.. i wished i have done one to my btl last April, hope not too late do one now for the benefit of conculate cgt when comes to sale..? facebook access is blocked from where i am, sorry to use this space…

This story was mentioned on the Today programme this morning: http://www.bbc.co.uk/news/uk-35583415 in which it was said that there are plans to cut the level of Housing Benefit paid to tenants in social housing to the levels of LHA paid in the private sector. As a result, some developments for supported housing will not be built.

Does this not imply that we in the private sector, where we house LHA tenants, are more cost-effective than social housing?

Reply to the comment left by “Landlord Oh Landlord” at “16/02/2016 – 03:47“:

No it’s not essential, HMRC have several tools at their disposal including the HM Land Registry Calculators. If your figures were challenged you could instruct a RICS surveyor to produce a backdated valuation based on comparable sales at the time. It’s not a big issue. Estate Agent valuations wouldn’t carry much weight with HMRC though.
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Many thanks Mark, its very helpful..

Reply to the comment left by “Trendo ” at “16/02/2016 – 01:28“:

I didn’t see the rent or selling price quoted. Why not?

This will solve the housing crisis.

M&G want double digit returns, and expected 14% in 2015
http://www.mandg.co.uk/-/media/Literature/UK/Institutional/MG-RE-UK-Outlook-Aug-2015.pdf

See bottom of p5 and p6………

£4.8m to give 200 homes? We need 2million, so at that rate isn’t that about, er, £48bn

Reply to the comment left by “Chris Byways” at “16/02/2016 – 13:12“:

£48 billion ….. Can tenants afford that much tax ?

Reply to the comment left by “Trendo ” at “16/02/2016 – 13:51“:

No it’s not the tenants that pay, Gidiot thinks LLs will pay for all this new building, and HTB through SDLT and c24, he hasn’t yet worked out that the idea is we at least break even, so the cost has to be passed on, er, to who was that……….? Perhaps he could give them tax relief on the rent?

Reply to the comment left by “Chris Byways” at “16/02/2016 – 13:12“:

What a load of bxll sxxt yet again glossy brochures offering great returns especially as they can offset finance costs. What would be the returns if that so called relief was taken away ?

It is also worth nothing that yet again it’s the south being focused on, who will pick up the slack up north as clause 24 kicks in properly ? The governments whole housing policy is a car crash waiting to happen total and utter farce.

Reply to the comment left by “Chris Byways” at “16/02/2016 – 14:48“:

Got to stop calling it C24… PLEASE …what next “c”? Expedience misses the point and will not engage anyone.

It is not ROFCR or AIW or Clause 24 or even C24 it is

TENANT TAX.

Tenants will pay the increase tax burden through rent increases. If we want to have any chance of repealing Tenant Tax it we need tenants engaged and c24 is an area next at a51 and your vorpal blade will do you no good here –

Only when the tenants and their benefactors realise their wallets and budget will be drastically affected by the Tenant Tax will we get true traction.

Our spread of opinion on what to call Tenant Tax and ask of consistency it is akin to returning an Andy Murray serve with a dustbin lid.

Government spin is just that… spin. Lets make them answer what Tenant Tax is not a tax on tenants.

George Osborne’s Tax Avoidance Hypocrisy would be brilliant satire if it wasn’t so depressing:

http://www.ibtimes.co.uk/george-osbornes-tax-avoidance-hypocrisy-would-be-brilliant-satire-if-it-wasnt-so-depressing-1543953