Summer Budget 2015 – Landlords Reactions
2:00 PM, 8th July 2015, 11 years ago
9619
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The concern is;
Budget proposals to “restrict finance cost relief to individual landlords”. 
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Budget 2015 Campaign
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Member Since April 2016 - Comments: 68
12:22 PM, 23rd July 2016, About 10 years ago
Don’t you need to inform your mortgage provider about any change in who is paying the mortgage? Are they ok with it? I’d be keen to get an opinion from HMRC too – a tax advisor could tell you anything.
Member Since August 2015 - Comments: 35
12:38 PM, 23rd July 2016, About 10 years ago
To clarify:
-I’m not incorporating into a limited company. I’m letting all my properties to a limited company. In the lease between the company and me, there is no prohibition on the company subletting to whomever they choose. Why should there be?
-There is no change of title. There is no new mortgagee. There is no crystallisation of capital gain.
It’s a sensible business decision. I will pay all due taxes. The company will pay all due taxes including corporation tax.
It is a business model which helps me cover void period revenue holes and limits my family and my liability from tenants, agents and other risks.
Please, tell me where this is not fair practice in any way?
Member Since July 2015 - Comments: 344
12:53 PM, 23rd July 2016, About 10 years ago
Reply to the comment left by “lancelot spratt” at “23/07/2016 – 12:38“:
You would be taxed on the income from the limited company, of course.
I presume that you propose to to let to the limited company at below market rental value in order to reduce your personal tax liability.
If this is not being done at a price reflecting a reasonable market price, it is more likely to be judged to be a tax dodge.
Member Since October 2013 - Comments: 804
1:08 PM, 23rd July 2016, About 10 years ago
Correct if u want to talk further send me contact and I can help more but basically it is how u describe
Member Since September 2015 - Comments: 1013
1:10 PM, 23rd July 2016, About 10 years ago
Summary video from the Tenant Ta Summit is now available on-line at: https://www.crowdpac.co.uk/campaigns/36/axe-the-tenant-tax
The video is 12 mins.
Member Since November 2013 - Comments: 32
1:23 PM, 23rd July 2016, About 10 years ago
Reply to the comment left by “NW Landlord” at “23/07/2016 – 13:08“:
Hi NL
Very interesting.
I have been thinking along these lines for some time but would be very grateful for your perspective on this too. My disposable email address is [email protected]
Member Since October 2013 - Comments: 804
1:30 PM, 23rd July 2016, About 10 years ago
Done
Member Since October 2013 - Comments: 804
1:47 PM, 23rd July 2016, About 10 years ago
Thanks George
http://www.telegraph.co.uk/investing/buy-to-let/our-parents-made-money-from-buy-to-let—why-cant-we/
Member Since February 2016 - Comments: 61
1:51 PM, 23rd July 2016, About 10 years ago
Reply to the comment left by “NW Landlord” at “23/07/2016 – 13:30“:
I also would really appreciate any advice or thoughts on taking such a move forward. I fear going “belly up” if this all comes to fruition. More than 60 long term tenants being evicted needlessly!
[email protected]
Member Since May 2015 - Comments: 2188 - Articles: 2
2:24 PM, 23rd July 2016, About 10 years ago
Reply to the comment left by “mia scot” at “23/07/2016 – 13:51“:
Add my 70 plus tenants and all the rest who will be homeless.