Summer Budget 2015 – Landlords Reactions

Reply to the comment left by “Chris Cooper” at “12/03/2016 – 15:21“:

Brilliant letter, Chris. I’ve been getting the same emails and have told them what I think. I urge everyone to do the same. The more they get, the more the message will start filtering through the party.

Very apt response Chris and glad you got an invite so you could politely decline
Thanks for the hard work. I have been calling up some MPs but not possible to speak with them if you are not in their area. My MP is caroline Lucus but they have offered to read emails (or their assistants have) so I will send some this week.

http://www.cityam.com/236494/buy-to-let-tax-changes-a-perfect-storm-for-landlords-and-tenantshI

This is a good article showing for example how existing owner-occupiers are the group with the great competitive advantage over FTBs; with landlords of course facing considerable tax disadvantages in contrast.

Also, look at this one:

http://www.ibtimes.co.uk/uk-housing-millions-more-face-higher-rents-perfect-storm-major-renting-crisis-1548070

Great work Chris!

We voted Conservative (mostly) to avoid the instability we suspected would be created by Labour in office.

Yet the Chancellor’s activities are proving to be just as destablising for millions of people to have put their faith in his party last May.

Every one of these e-mails from the Conservatives, which George Osborne has rendered completely hypocritical, should be replied to in just the same way as you have done.

I intend to write to my local Conservative Association explaining that the sole reason I am maintaining my membership is to have a vote I can use against George Osborne in the leadership election. Let’s face it – we have nowhere else to go. If you think this is bad, consider what a Corbyn government would do to us. GO has cynically decided that there are more votes in attacking us than in not, I suspect.

Reply to the comment left by “Jerry Jones” at “13/03/2016 – 10:16“:

Hi Jerry,

You could include a link to the Graham Rowan video as well: https://youtu.be/1W_2WzmkfBA

I’m sure some of your association will relate to it.

Here is what I wrote, copied to my past and current MPs, Liam Fox and John Penrose:

I have voted Conservative all my life and been a party member since my days as a 16 year old YC, when my father was Ian Gilmour’s Constituency chairman in the 1970s.

As landlord, I am deeply disappointed that George Osborne has chosen to adopt a policy straight from the Green Party’s manifesto with no warning in the Conservative Party’s own 2015 one. This is the proposal to change the way in which property mortgage income is treated for tax purposes. It will make me a h8ighr rate taxpayer with no increase whatsoever in my income because the money used to pay my mortgages’ interest is not treated as income when calculating tax before a 20% relief is allowed. It is clearly based on the work of David Kingman, a new Geography graduate working at the Intergenerational Foundation, in 2013, the year he graduated.

See https://www.property118.com/landlord-tax-grab-source-document-exposed/83110/

He has remained resolute in this decision despite many representations from the private rental sector, many of whose members will be literally bankrupted by this measure unless they sell up or increase rents dramatically, if possible.

So no, I will not be supporting or donating for as long as Osborne retains the post of Chancellor and shall retain a minimum-cost membership purely so that I may have a vote that I can use against him in the leadership election, should he stand.

Regards,
Jerry

Reply to the comment left by “Jerry Jones” at “13/03/2016 – 10:40“:

Hi Jerry,

Have you already sent the e-mail? There is a spelling mistake in the word “higher”, and at one point straight after that you say money paid towards mortgage interest is not treated as income, but I think you really mean that it is treated as income (and is hence being taxed).

Reply to the comment left by “Gareth Wilson” at “13/03/2016 – 10:46“:

Too late. Curses!

Reply to the comment left by “Jerry Jones” at “13/03/2016 – 10:54“:

You can still send the corrected version to your local Association and all of the members listed on its website.