Iain Duncan Smith Has Spoken Out For Landlords

by Property118.com News Team

22:06 PM, 21st June 2017
About 2 years ago

Iain Duncan Smith Has Spoken Out For Landlords

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Iain Duncan Smith Has Spoken Out For Landlords

On Sunday 18th June 2017, Iain Duncan Smith was quoted by the Sunday Telegraph as saying ….

“Finally, it is time to look again at the way we treat private landlords who buy houses to rent. George Osborne’s decisions to impose a stamp duty levy on the purchase of homes to rent, to restrict mortgage interest relief to the basic rate of income tax and to tax a landlord’s turnover rather than profits have led to landlords scaling back or even leaving the sector altogether.
They are a significant provider of the additional housing we need. We should be encouraging them with devices such as VAT relief on conversions or even capital allowances, not punishing them. It’s no wonder buy-to-let purchases have fallen dramatically. If the purpose was to stop foreign owners buying up property and leaving it empty

…………………………………………………. We are in danger of throwing the baby out with the bath water.”



Comments

Tracey Hanbury

14:09 PM, 6th November 2017
About 2 years ago

Reply to the comment left by Whiteskifreak Surrey at 06/11/2017 - 14:04
Hi,
I created a discussion over the weekend and Property 118 also created a thread on today's newsletter that went live this morning. Hope that clears up any confusion?

Kindest regards,

Tracey

NW Landlord

8:04 AM, 8th November 2017
About 2 years ago

TMW entering limited company buy to let another sign of the market moving

https://www.mortgagestrategy.co.uk/tmw-re-enters-limited-company-btl/

john mcghee

9:27 AM, 8th November 2017
About 2 years ago

We are waiting for something to happen that will help all landlord's give a proper service to our tenants. We still are seen as rogues of our society who are ripping people off. Our agent's are telling us that people are screaming out for properties but still because of government rules and taxes we are having to sell our assets instead of giving a good service to tenants.
Once again loads of words no actions. I don't want to sell but our livelihoods are being torn from us !!!@@!

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