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”. 
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Tags:
Budget 2015 Campaign
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Member Since November 2015 - Comments: 374 - Articles: 8
12:40 PM, 20th February 2016, About 10 years ago
Osborne REJECTS blocking the ‘Google tax’ loophole as small businesses call for him to create a ‘level playing field’
http://www.dailymail.co.uk/news/article-3428627/George-Osborne-REJECTS-scrapping-tax-Google-legally-avoids-shifting-money-offshore-challenged-create-level-playing-field-firms.html
Member Since July 2015 - Comments: 393
1:48 PM, 20th February 2016, About 10 years ago
Reply to the comment left by “Gareth Wilson” at “20/02/2016 – 12:40“:
Of course he does; his own family does the same.
Member Since May 2015 - Comments: 17
2:02 PM, 20th February 2016, About 10 years ago
One of our clients wrote a similar letter and got a very disappointing response that not only essentially said “go away” but was also downright wrong in its explanation of who the changes would affect.
Member Since October 2014 - Comments: 274
3:33 PM, 20th February 2016, About 10 years ago
Reply to the comment left by “Gareth Wilson” at “20/02/2016 – 12:40“:
……….but it’s not OK for a private LL to shift his/her profits into a UK based management company that would pay UK corporation tax @ 20%.
It’s one level playing field Go and his friends and another for everyone else.
Member Since March 2015 - Comments: 225
3:33 PM, 20th February 2016, About 10 years ago
Reply to the comment left by “Gareth Wilson” at “20/02/2016 – 12:40“:
From the link:
“Mr Osborne said: ‘I have heard lots of proposals about getting rid of corporation tax altogether and raising a turnover tax.
‘I would just enter this note of caution: that means a business that has made no money in a particular year, it maybe in a recession or a company that has lost a big order – they would be being hit with a tax bill.
‘So I think before we rush to some other solution I would try and make corporation tax work, which is a tax on profits”.
Hello Georgie, if you don’t like a turnover tax what would you call C24?
Member Since November 2015 - Comments: 374 - Articles: 8
3:53 PM, 20th February 2016, About 10 years ago
Reply to the comment left by “money manager” at “20/02/2016 – 15:33“:
Hey Money Manager,
We need to put his statements into context… that of them only applying to our social betters.
Better = more capable of donating to the Tories or possessing the surname “Osborne”
Member Since May 2015 - Comments: 2188 - Articles: 2
12:33 AM, 21st February 2016, About 10 years ago
George Osborne is a world leader in his “short-sighted” policies.
Half the world to be short-sighted by 2050
https://www.sciencedaily.com/releases/2016/02/160217113308.htm?utm_source=fark&utm_medium=website&utm_content=link
Comments: 28
10:54 AM, 21st February 2016, About 10 years ago
Reply to the comment left by “Barry Fitzpatrick” at “20/02/2016 – 15:33“:
Barry…but on what basis would one shift profit from a private individual to a corporation. What would be the relationship between the two parties?
Comments: 28
10:57 AM, 21st February 2016, About 10 years ago
A bit off topic but currently very topical. From a btl perspective what is the current mood for landlords here regarding staying in or out in an EU referendum. It’s a difficult one I believe.
Member Since October 2014 - Comments: 274
11:27 AM, 21st February 2016, About 10 years ago
Reply to the comment left by “Jim Taliadoros” at “21/02/2016 – 10:54“:
The private LL could set up a management company (ltd) which would manage the lettings, subcontractors, other admin etc for a fee. The fee would be a business expenses to the private LL and therefore reduce the profits of the LL ( to the point where C24 would be ineffective).
The management Co. would be liable to corporation tax on any profits it made @20% (going on 18%). The management Co. would be wholly owned by the LL (who would be paid a small salary and be paid dividends by the Ltd Co).
However, HRMC don’t allow this apparently. Why? because your name isn’t Google, Starbucks, Apple or Amazon (or one of a host of big multi-national companies).