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 February 2016 - Comments: 977 - Articles: 1
3:14 PM, 10th October 2016, About 10 years ago
Reply to the comment left by “Markb ” at “10/10/2016 – 14:26“:
I also think the idea is at least worth exploring.
However – how is it going to help small individual LLs with mortgaged properties?
Member Since October 2013 - Comments: 804
3:21 PM, 10th October 2016, About 10 years ago
You could use some of the profits to pay the 100% plus tax bills
Member Since September 2013 - Comments: 771
3:23 PM, 10th October 2016, About 10 years ago
It wont but it gives landlords who still or can remain a better position probably financially an politically
Member Since October 2013 - Comments: 1020 - Articles: 47
3:36 PM, 10th October 2016, About 10 years ago
Reply to the comment left by “Whiteskifreak Surrey” at “10/10/2016 – 14:15“:
Hi W S
Ms Clancy provides no evidence that Philip Hammond will leave “smaller landlords out to dry.”
It may just be wishful thinking on her part. She revealed her anti-landlord stance in August, by writing:
“If even the better landlords scrimp and avoid spending much needed money on their properties I can have little sympathy with them. All should be aspiring to provide the best home possible to their tenants and those moaning about a few tax changes should get off their high horse and make sure they are doing their best to improve the UK’s PRS if they want to gain the backing of the general public.”
http://emreact.com/go.asp?/bTEA001/mQIY9RIN1/uITWCTCN1/xSJ11RIN1
However, even she acknowledges, today, that:
“By implementing policies that will increase rents and reduce the supply of homes to rent, the Government is making it more difficult for aspiring home owners to get on the housing ladder, that much is clear.”
http://us13.campaign-archive1.com/?u=2cc9ae06bb1d86c37d20e143c&id=47b007a13d&e=81ab7ca3e2
Member Since November 2016 - Comments: 335
8:31 AM, 11th October 2016, About 9 years ago
https://www.lettingagenttoday.co.uk/breaking-news/2016/10/bank-admits-stamp-duty-considerable-burden-on-buy-to-let-investors
“Bank admits stamp duty “considerable burden” on buy to let investors”
Member Since August 2015 - Comments: 24
10:12 AM, 11th October 2016, About 9 years ago
Reply to the comment left by “Simon Hall” at “11/10/2016 – 08:31“:
I think the article is mistaken. It appears the PRA statement referred to in the article is referring to “personal tax changes” and given the context regarding “portfolio landlords, who are not set up as limited companies”, it seems more likely that the PRA statement refers to S24 than stamp duty. The author of the article needs educating.
Member Since May 2015 - Comments: 2188 - Articles: 2
11:19 AM, 11th October 2016, About 9 years ago
Reply to the comment left by “Barry White” at “11/10/2016 – 10:12“:
“The author of the article needs educating.”
That makes a grand total of 651 in need of education.
Member Since October 2013 - Comments: 804
8:54 AM, 13th October 2016, About 9 years ago
Looks like auctions are being hit aswell I haven’t bought for nearly a year
https://www.propertyinvestortoday.co.uk/breaking-news/2016/10/property-auction-market-activity-continues-to-contract
Member Since November 2016 - Comments: 335
11:03 AM, 14th October 2016, About 9 years ago
http://www.leicestermercury.co.uk/opinion-renting-is-the-future-for-many/story-29793681-detail/story.html
“RICS is arguing that rather than helping first time buyers onto the property ladder, as intended, the move has backfired, further reducing supply and arguably making a rental supply crisis more likely. The problem is expected to deteriorate further next year when landlords’ right to deduct mortgage interest from their income tax bill is removed.’”
Member Since February 2016 - Comments: 977 - Articles: 1
11:21 AM, 14th October 2016, About 9 years ago
Reply to the comment left by “ ” at “01/01/1970 – 00:00“:
I think it has already been commented:
==quote==
RICS is urging Prime Minister Theresa May to abandon David Cameron’s previous home ownership focus and reverse April’s Stamp Duty measures to boost rental supply.bolderIt is also asking Government to take a much bolder long-term approach and pioneer a new build-to-rent sector, with the private sector encouraged to build properties specifically for residential letting.
==unquote==
it puts emphasis on addtional 3% stamp duty and supporting build-to-rent, but just a mere single sentence about the taxation, without specifying any consequences.
Badly written article IMHO, at least for the mortgaged landlords.