14:00 PM, 8th July 2015, About 11 years ago 9619
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Simon Griffith
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Member Since December 2015 - Comments: 63
9:51 AM, 17th January 2017, About 9 years ago
Yes NWL you are of course quite right. I did get your point. I share the views you have expressed in several other posts that notwithstanding all the wishful thinking, lobbying, MP letters/emails/meetings S24 etc ain’t going away anytime soon. Indeed I expect worse to come – possibly rent controls. Hence like you we are taking the appropriate measures to restructure.
NW Landlord
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Member Since October 2013 - Comments: 804
10:10 AM, 17th January 2017, About 9 years ago
There are rumours the incorporation route is going to be shut down aswell and only purchases in ltd company will benefit from ltd company taxes owning in ur own name u will not be allowed to do this not sure how much truth but wouldn’t suprise me
Simon Griffith
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Member Since December 2015 - Comments: 63
10:23 AM, 17th January 2017, About 9 years ago
Are you referring to removal of CGT relief on incorporation or corporation tax for properties transferred over ? Rumours only I know but we are trying to get incorp done before March budget just in case and spending a lot in the process. I’d be interested and grateful to hear what you have alluded to.
NW Landlord
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Member Since October 2013 - Comments: 804
10:49 AM, 17th January 2017, About 9 years ago
Incorporation from personal names to ltd structures and being taxed like limited companies do as I said just bit I’ve been reading I am ready to start my trust end of this tax year gotta do something the alternative isn’t an option
Kathy Evans
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Member Since July 2015 - Comments: 393
11:13 AM, 17th January 2017, About 9 years ago
Reply to the comment left by “Simon Griffith” at “17/01/2017 – 09:26“:
One of my tenants was interested in buying, but couldn’t raise a big enough mortgage. I’ve let her stay on for another year, but after that … She didn’t want to move because of children’s school and friends.
Rachel Hodge
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Member Since October 2015 - Comments: 148 - Articles: 1
14:48 PM, 19th January 2017, About 9 years ago
From Theresa May’s Davos speech:
It means stepping up to a new, active role that backs businesses and ensures more people in all corners of the country share in the benefits of its success.
And for business, it means doing even more to spread those benefits to more people. It means playing by the same rules as everyone else when it comes to tax and behaviour, because in the UK trust in business runs at just 35% among those in the lowest income brackets. And it means putting aside short-term considerations and investing in people and communities for the long-term.
Whiteskifreak Surrey
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Member Since February 2016 - Comments: 968 - Articles: 1
15:06 PM, 19th January 2017, About 9 years ago
Reply to the comment left by “Rachel Hodge” at “19/01/2017 – 14:48“:
Brilliant comment Rachel, thanks for sharing this,
I will use that quotation when writing – again – to my MP!
Rachel Hodge
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Member Since October 2015 - Comments: 148 - Articles: 1
15:31 PM, 19th January 2017, About 9 years ago
Reply to the comment left by “Whiteskifreak Surrey” at “19/01/2017 – 15:06“:
There’s actually quite a lot more which is relevant, and hypocritical as far as S24 is concerned in the speech. It’s a pity, as it’s otherwise a very good speech!
Simon Hall
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Member Since November 2016 - Comments: 335
12:19 PM, 23rd January 2017, About 9 years ago
https://www.lettingagenttoday.co.uk/breaking-news/2017/1/letting-fees-ban-will-only-hit-20-negatively-claims-minister
Barwell is another Tory C*** as he agrees with HMRC that 1 in 5 Landlords will be affected with forthcoming Interest Relief Restriction therefore I would not hold my breath for White Paper expected at the end of month. (details in above link)
NW Landlord
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Member Since October 2013 - Comments: 804
8:22 AM, 24th January 2017, About 9 years ago
Now barwell is coming out wit the 1 in 5 landlords will be affected twaddle and that build to rent is the future
https://www.lettingagenttoday.co.uk/breaking-news/2017/1/letting-fees-ban-will-only-hit-20-negatively-claims-minister