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 August 2013 - Comments: 428
11:08 PM, 23rd November 2016, About 10 years ago
Reply to the comment left by “ray selley” at “23/11/2016 – 22:10“:
Well that should set the cat amongst the pigeons.
Member Since February 2016 - Comments: 20
11:24 PM, 23rd November 2016, About 10 years ago
Reply to the comment left by “ray selley” at “23/11/2016 – 22:10“:
Are this lot ever going to stop meddling? We want some certainty going forward, not this eternal churn.
Member Since July 2014 - Comments: 87
11:37 PM, 23rd November 2016, About 10 years ago
Should The look Through Entity become reality and Screwed Trading limited sell some of the companies portfolio then instead of the current 20% corporation tax on any uplift in value they could possibly end up paying 45% income tax [no £11000 CGT allowance of course its a ltd company] even if left in the company
Member Since February 2016 - Comments: 20
11:43 PM, 23rd November 2016, About 10 years ago
Reply to the comment left by “ray selley” at “23/11/2016 – 23:37“:
So surely the whole idea of incorporation is undermined by this??
Member Since July 2014 - Comments: 87
11:53 PM, 23rd November 2016, About 10 years ago
Maybe the words LEVEL PLAYING FIELD are the clue
Member Since June 2013 - Comments: 3293 - Articles: 81
7:03 AM, 24th November 2016, About 10 years ago
Thanks for your replies so far,
Yes what is the double whammy tax, is it something like 32%?
If so, that puts us at roughly 49% Tax with the original 17% does it not?
I’ve came to the end of my buying houses life, I’m only buying 1 or 2 a year at moment, so leaving in company to buy houses may not benefit me any more.
Rental Income roughly £360,000, with annual mortgage interest only £36,000 (which I know could rise with interest rates), so the S24 restrictions not massive for me at the moment.
Member Since December 2015 - Comments: 63
7:49 AM, 24th November 2016, About 10 years ago
The recently published result on the report of lookthrough taxation can be found here https://www.gov.uk/government/publications/ots-final-report-on-lookthrough-taxation it concludes 3.4 ‘lookthrough does not offer significant simplification to justify it’s introduction’. I am no accountant or lawyer but the implication is that this particular threat has gone away but I also note on the same site the OTS is now doing another consultation on Corporation Tax in general. I skim read that report and I couldn’t see anything of particular concern beyond the frustration of more money being wasted and the perpetual desire to ‘tinker’.
Member Since May 2015 - Comments: 2300 - Articles: 2
8:07 AM, 24th November 2016, About 10 years ago
I think we should ‘level the playing field’ by removing all the subsidised food and drink in the Palace of Westminster and not allow members to have credit facilities.
http://www.telegraph.co.uk/news/politics/8988751/Subsidy-for-MPs-bars-and-restaurants-rises-to-5.8m.html
Member Since February 2016 - Comments: 20
1:44 PM, 24th November 2016, About 10 years ago
Government white paper on housing coming next month.
http://www.egi.co.uk/news/barwell-housing-white-paper-will-set-out-full-range-of-policies/
Member Since November 2016 - Comments: 335
6:09 PM, 24th November 2016, About 10 years ago
Reply to the comment left by “Lee Humby” at “24/11/2016 – 13:44“:
In White Paper, they could sneakily stipulate that, s24 is not retrospective. Low possibility but possibility!
Be Optimistic!