Don’t forget Landlords Boris?

by Readers Question

10:52 AM, 10th June 2019
About 2 years ago

Don’t forget Landlords Boris?

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Don’t forget Landlords Boris?

Boris Johnson has today promised to cut taxes for around 3 million higher earners by raising the 40p threshold from £50,000 to £80,000 if he becomes Prime Minister.

But Boris what about the Landlords?

A big percentage of Owner Occupiers also own a Buy To Let Mortgage.

Michael Gove pledges to axe VAT. Will you commit to axing VAT on Agents Fees and Maintenance Costs?

Will you commit to a Capital Gains Level of 10% for Landlords and also Tax Relief on Mortgage Interest at the Headline Rate?

Don’t disappoint me Boris!

Fergus

Comments

reader

8:01 AM, 18th June 2019
About 2 years ago

If we wind this thread back to Fergus's comment on the PCS and civil servants the disparity between our concerns and their's is patently clear. It is which group is prospering and which strives to survive.

A recent article in The Independent explained how only 8% of teachers, police, fire service members can afford to buy a home. That is true of civil servants too. If we blame Generation Rent for the attacks on our industry the article will explain the significant wage cuts those employees have suffered. I can confirm such from experience. Fortunately rents provide a very good income too.

Old Mrs Landlord

8:09 AM, 18th June 2019
About 2 years ago

Reply to the comment left by Michael Tucker at 18/06/2019 - 07:28Unfortunately for my husband, the 40% tax on income continues to be payable by those who are currently drawing their pension so gain nothing from government contributions now and, if their income was lower durng their days of paid employment, gained little in the past either. Take advantage while you can.

Michael Tucker

8:25 AM, 18th June 2019
About 2 years ago

I would certainly not mind being in a position to pay 40% on my received pension.

Old Mrs Landlord

11:50 AM, 18th June 2019
About 2 years ago

Reply to the comment left by Michael Tucker at 18/06/2019 - 08:25
It's on received pension plus rental income of course.

Michael Barnes

23:10 PM, 20th June 2019
About 2 years ago

Reply to the comment left by Michael Tucker at 18/06/2019 - 07:28It certainly does work like that, the point you have missed is the amount that the Government contribute to your pension depends on your highest rate of tax paid! Example £6000 contribution by tax payer @ 20% = Government contribution £2000 total annual pension contributed to pension pot £8000 @ 40% = £10000. I hope that’s clear.
It does not.
If contribution is from pre-tax earnings, then Govt. contributes nothing. They have foregone the tax on that part of earnings.
If contribution is from post-tax earnings, then
- at 20% on earnings of £100 £20 tax is paid and on putting remaining £80 in to a pension the Govt. adds £20.
- at 40% on earnings of £100 £40 tax is paid and on putting remaining £60 into a pension the Govt. adds £40.
So in each case you put £100 of your (pre-tax) earnings into a pension; it is just that a higher-rate tax payer has paid more tax and so the Govt. puts more into the pension. The nett effect is that the Govt. has taken no tax on the pension contributions.

Whiteskifreak Surrey

23:28 PM, 20th June 2019
About 2 years ago

It all seems to be a lot of whishful thinking and a distant dream now. If anyone watched the chaotic debate - BoJo was utterly unconvincing about any tax changes. And about everything else too, as a matter of fact.. He will definitely play Rory Stewart's tax game when he is at No. 10.
Sorry to disappoint you all ;o)))

Whiteskifreak Surrey

12:27 PM, 28th June 2019
About 2 years ago

From today's City am:
https://www.cityam.com/housebuilders-boosted-by-boris-johnson-no-deal-brexit-budget/
BoJo laid out plans for an emergency budget that would include heavy tax cuts, an overhaul of stamp duty and a crackdown on regulation.
Sadly not a single word about LLs, S24, BTL market and anything to do with our business. Earlier this month he became rather lukewarm on raising the threshold for 20% tax...
I know that there are a lot of BoJo's fans here (I am not the one, neither I am fan of Hunt), so how do you see it? Is there anything we or Larry's NLA can do now (or at least at the very beginning of his PM's reign) to put our case forward?

Appalled Landlord

22:47 PM, 29th June 2019
About 2 years ago

Reply to the comment left by Appalled Landlord at 10/06/2019 - 14:43
Corbyn was on TV today demanding that civil servants be non-political - and he managed to keep a straight face.
"The civil service has to be independent," he said, adding: "It has to be non-political and has to be non-judgemental of the politicians they have a duty to serve.
"I would make that very clear if we were elected to government.
https://www.bbc.co.uk/news/uk-48813656
The civil servants’ union is consulting on what its members should do to help get him elected .

Appalled Landlord

22:51 PM, 29th June 2019
About 2 years ago

The question is will Corbyn be leader at the next general election? He was replying to claims by civil servants that “he doesn’t seem all there”.
https://www.thetimes.co.uk/edition/news/jeremy-corbyn-he-doesn-t-seem-all-there-taxing-regime-raises-fear-for-labour-leader-s-health-3td97v5jz

The Times says he will be replaced by Rebecca Long-Bailey.

It had another article about him “Jeremy Corbyn: Bullying, plots and paranoia . . . inside his chaotic bunker”
It said “Although the Labour leader boasts of creating a mass political movement, in fact power in his party resides with a tiny clique of leftwingers. Karie Murphy, his chief of staff, and Seumas Milne, his director of strategy, run his office with an iron fist. Together with Len McCluskey, general secretary of the Labour-backing Unite union, and his adviser Andrew Murray they are known as the “4Ms”.
https://www.thetimes.co.uk/article/jeremy-corbyn-bullying-plots-and-paranoia-inside-his-chaotic-bunker-f3frm2tvd

“One former senior aide adds: “Lots of people were given hush money. Karie is a bully. She’s very aggressive and undermining of staff. Around the office she’s a shouter and screamer.”
According to an MP: “There’s a really bullying culture which helps to create this sense of ‘you’re in or out’. ”
Insiders report an increasingly “toxic atmosphere” at the top. At least eight former members of staff have signed non-disclosure agreements forbidding them to discuss their experiences working for the Labour Party. A recent visitor to Mr Corbyn’s office describes being jabbed in the chest by Ms Murphy as she shouted at him.”

Karie Murphy sounds like Malcolm Tucker, but working for New Communism instead of New Labour.

Andrew Murray and Seumas Milne have turned their backs on their privileged backgrounds.

“Born into an aristocratic Scottish family, Murray has been a senior official for several trade unions over a couple of decades. After forty years in the Communist Party of Great Britain (CPGB) and then the Communist Party of Britain, he joined the Labour Party towards the end of 2016.  Murray was seconded from Unite to Labour headquarters for the 2017 general election.” https://en.wikipedia.org/wiki/Andrew_Murray_(trade_unionist)
Milne is an apologist for communism.
“After graduating from Oxford University, Milne became the business manager of Straight Left, a monthly publication commencing in 1979, which, according to Standpoint magazine, was produced by a pro-Soviet faction in the Communist Party of Great Britain, and included several left-wing Labour MPs with pro-Soviet bloc sympathies on its editorial board.[15][16] During his time at Straight Left Milne became friends with Andrew Murray, who much later again became a colleague of Milne in the Labour Party. Milne himself was not a Communist Party member.”
https://en.wikipedia.org/wiki/Seumas_Milne

Len McCluskey is General Secretary of Unite the Union, the largest affiliate and a major donor to the Labour Party. He was a a friend of Derek Hatton and supported Militant.
https://en.wikipedia.org/wiki/Len_McCluskey

He had an illegitimate child with Jennie Formby, now General Secretary of the Labour Party, in 1991 when she was 30 or 31.

“Since late 2011, Jennie Formby has been a member of the National Executive Committee (NEC) of the Labour Party on which she was considered to represent the thinking of Unite general secretary Len McCluskey.”
https://en.wikipedia.org/wiki/Jennie_Formby
“Jennie Formby (Unite)

Formby, now regional secretary of Unite, was political director prior to being moved out to the regions to lay the groundwork for Len McCluskey’s re-election bid. Referred to as “Len’s representative on Earth”, Formby is a vocal advocate for McCluskey’s way of thinking on the NEC.” 
https://www.newstatesman.com/politics/staggers/2016/10/who-s-who-labour-s-national-executive-committee

Rebecca Long-Bailey is the daughter of a docker trade unionist called Long. She has given herself a double-barrelled name.

“When Hazel Blears decided to stand down at the 2015 election, Long-Bailey stood as a candidate for Salford and Eccles, and received the backing of Unite Union when the Labour Party decided to have a woman-only shortlist.
Long-Bailey was one of 36 Labour MPs to nominate Jeremy Corbyn as a candidate in the Labour leadership election of 2015.  After winning the leadership of the party, Corbyn replaced Hilary Benn on Labour's NEC with Long-Bailey.”
https://en.wikipedia.org/wiki/Rebecca_Long-Bailey

So McCluskey is not just influencing Corbyn through the power of the Unite union vote, he is influencing him through the Gen Sec and the NEC, and Long-Bailey. Is he the de facto leader of the Labour Party?.

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