Summer Budget 2015 – Landlords Reactions

Reply to the comment left by “Rajesh Hiremath” at “29/02/2016 – 12:01“:

That’s because being a landlord is a business and living in a house is just … well … living. You don’t pay tax on the first 10,600 you earn. That’s pretty generous.

Reply to the comment left by “Rajesh Hiremath” at “29/02/2016 – 16:19“:

Rajesh Rajesh Rajesh…..

Lets me play along with you benign suppositions and for a moment …

Everyone is entitled to their own opinion – yes even you. BUT no one is entitled to their own facts. You need to understand the difference. Just because the thought came to your antagonistic head, does not make it a fact…

You see, every time you post on this site you add absolutely nothing to the debate and you are not seeking help, you are trying to be an antagonist and foist your utterly uneducated idiotic position on landlords that are here for support, information, guidance and to share creative progressive ideas.

My observations of you and your postings are not my opinion you are an uneducated antagonist and that is clearly fact! I doubt you are a landlord and if you are then based on your stated position I doubt yo are a good landlord – I am working which what you have posted!!!

The very good people on here, will always help. We know many don’t understand the issues and the tax changes coming thrower way. Some genuinely want or are legitimately seeing help in grappling with the Tenant Tax. If you have an educated genuine question ask.

Respectfully – Keep you opinion to yourself until you can be bothered to educate yourself and understand FACTS and what you are talking about.

Reply to the comment left by “Rajesh Hiremath” at “29/02/2016 – 14:19“:

What a load of twaddle! Incorporation is not a form of tax avoidance. It’s a legitimate business structure. Ltd Cos and sole traders both employ people (or not) and both pay employers NI on their employees (or not if they don’t have any), They don’t pay taxes through their employees, the employees pay their own taxes. Ltd Cos pay corporation tax at around 20% whether they employ people or not. The shareholders will probably pay the new dividend tax and the director may pay income tax and employers NI themselves as individuals. Sole traders (like most landlords) pay extra income tax instead of corporation tax.

if you really know so little about company structure and taxation in this country, you are probably fiddling your tax without even knowing it.

Reply to the comment left by “Rajesh Hiremath” at “29/02/2016 – 14:19“:

You do not understand English:

THE ” most indebted landlords” was what was said . That means the landlords with the highest mortgages – it’s simple maths to see that that is true. If you deliberately choose to ignore the THE, then of course you won’t understand the comment. I suggest you read every word instead of just the ones that appeal to you.

I really think no one should waste any more tiime responding to the twaddle he is posting and concentrate on adding value that other landlords can benefit from in these testing times.

If he thinks 100%+ tax rates and taxing your interest payments is fair than let him think that any normal person apart from the dead heads on that other site we all no about understand and agree that this is far from fair

Reply to the comment left by “Rajesh Hiremath” at “29/02/2016 – 16:08“:

So you don’t know about the petition of the Judiclal review, then? That’s a fairly strong lobby, I think. Do you have a mortgage on your single BTL property or did you inherit it unencumbered?

NLA – Incorporating doesn’t stack up ………

http://www.landlords.org.uk/news-campaigns/news/incorporating-‘doesn’t-stack-up’-majority-landlords?utm_campaign=Focus&utm_medium=email&utm_source=6803499_FOCUS-members%2029Feb2016

Letting agents are going under the radar as I really think as this bites they will be the first cost that is cut due to c24.

Worrying times for them as the market is already saturated in my opinion. Less properties are going to be bought = no new business and portfolio landlords managing there own properties to cut costs to me the ludicrous tax bills that are coming thanks Alice and co messing with people’s lives and businesses

Reply to the comment left by “NW Landlord” at “29/02/2016 – 17:27“:

NW LL, I’ve been saying exactly that for months!
I will continue to use my agent for now, but will be slowly phasing him out over the next year or so.

Why are landlords talking about increasing rents now when the new rules don’t apply until the financial year April 2017 to April 2018 ?