14:00 PM, 8th July 2015, About 11 years ago 9619
Text Size
Categories:
To calculate the impact of this policy on your personal finances download this software
Every day, landlords who want to influence policy and share real-world experience add their voice here. Your perspective helps keep the debate balanced.
Not a member yet? Join In Seconds
Login with
Seething Landlord
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since August 2013 - Comments: 428
23:08 PM, 23rd November 2016, About 9 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.
Lee Humby
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since February 2016 - Comments: 20
23:24 PM, 23rd November 2016, About 9 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.
ray selley
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since July 2014 - Comments: 86
23:37 PM, 23rd November 2016, About 9 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
Lee Humby
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since February 2016 - Comments: 20
23:43 PM, 23rd November 2016, About 9 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??
ray selley
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since July 2014 - Comments: 86
23:53 PM, 23rd November 2016, About 9 years ago
Maybe the words LEVEL PLAYING FIELD are the clue
Mick Roberts
Read Full Bio
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since June 2013 - Comments: 3193 - Articles: 80
7:03 AM, 24th November 2016, About 9 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.
Simon Griffith
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since December 2015 - Comments: 63
7:49 AM, 24th November 2016, About 9 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’.
The_Maluka
Read Full Bio
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since May 2015 - Comments: 2083 - Articles: 1
8:07 AM, 24th November 2016, About 9 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
Lee Humby
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since February 2016 - Comments: 20
13:44 PM, 24th November 2016, About 9 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/
Simon Hall
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since November 2016 - Comments: 335
18:09 PM, 24th November 2016, About 9 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!