21:51 PM, 10th August 2015, About 6 years ago
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?
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.
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!?!
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