Help to Buy ISAs, is that where our new taxes are going?

by Readers Question

21:51 PM, 10th August 2015
About 3 years ago

Help to Buy ISAs, is that where our new taxes are going?

Make Text Bigger
Help to Buy ISAs, is that where our new taxes are going?

I was wondering what the government might do with all of the extra tax revenue squeezed out of us landlords. There will be a fair amount of money so maybe new hospitals or schools will be built? Help to Buy ISA

NOPE!

Here is the plan….

The new help-to-buy ISA!

It’s expected to be available from Autumn 2015, will enable first-time buyers to save up to £200 a month towards their first home. Investors will receive £50 from the government for every £200 saved, up to a maximum of £3,000.

Ahhhh!!!!!!

I would much rather nominate a nice young couple in the town where I live and give them £50 each time they saved £200 towards their new home than be made bankrupt by paying more in tax than I make in profit!!

How will people be able to save towards a home when landlords have to raise the rent to cover the new loony tax changes anyway!?!

Caroline

Join The Landlord Tax Levy Campaign Group

YOUR Money, YOUR future, YOUR choice.

Related articles – LINK

http://www.property118.com/category/budget-2015-campaign/



Comments

Leave Comments

Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.

Forgotten your password?

OR

BECOME A MEMBER

Is there a minimum payment period that must be given?

The Landlords Union

Become a Member, it's FREE

Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agents

Learn More