Summer Budget 2015 – Landlords Reactions

Summer Budget 2015 – Landlords Reactions

14:00 PM, 8th July 2015, About 9 years ago 9619

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Budget 2015 - Landlords Reactions

The concern is;

Budget proposals to “restrict finance cost relief to individual landlords”Summer Budget 2015 - Landlords Reactions

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Comments

Simon Griffith

9:51 AM, 17th January 2017, About 7 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

10:10 AM, 17th January 2017, About 7 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

10:23 AM, 17th January 2017, About 7 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

10:49 AM, 17th January 2017, About 7 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

11:13 AM, 17th January 2017, About 7 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

14:48 PM, 19th January 2017, About 7 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

15:06 PM, 19th January 2017, About 7 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

15:31 PM, 19th January 2017, About 7 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

12:19 PM, 23rd January 2017, About 7 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

8:22 AM, 24th January 2017, About 7 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

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