Eliminate Section 24 – The Landlord and Tenant Tax?
1 year ago | 13 comments
Is it time for a Landlord Equality Bill?
9:19 AM, 27th January 2025, 1 year ago
26
It’s time to demand a landlord equality bill, where landlords are not discriminated against, with our character assassinated by a government that is making things worse for tenants.
Discrimination takes many forms but financial discrimination is S24 where landlords are treated more harshly than any other business.
The ridiculous claim that tenants are not responsible and contributors for many of the issues like damp and mould need to be addressed.
An energy assessment system that works and isn’t based on false and incorrect assumptions should also be adopted.
Recognition that non payment of rent is tantamount to theft, and in many cases more stressful, as landlords are open to repeated thieving.
A recent court case awarded a tenant £5000 for illegal eviction when they owed £17,000 in rent. Such laws need to be changed to bring a balance as this can’t be seen as equitable.
The Bank of England should be brought to book for raising interest rates to double its own affordability rules. Then, instead of supporting people with borrowings, they scrapped their own affordability rules and allowed lenders to feast.
Lenders have created huge problems, like The Mortgage Works, by raising interest rates to more than 8% in a so-called SVR after deals end. Equality would prevent them from hiking rates by more than, say, 2% or the current BoE interest rate.
Many landlords go through hell when they are up against difficult tenants, the pressures often appear unbearable. A support system needs to be made available with fair and fast resolution.
These are just a few of the current inequalities that come to mind.
Can the Property118 community think of any more inequalities?
Thanks,
Paul
Tags:
Bank of England interest rate policies, energy assessment system reform, illegal eviction laws, landlord equality bill, non-payment of rent theft, section 24 discrimination, tenant responsibilities damp mould
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Member Since February 2023 - Comments: 22
7:49 AM, 28th January 2025, About 1 year ago
Let look at from government perspective. Landlords invest only in sector where rental income is high and property cost is low. This basically affects the low income sector. So they have to make BTL unaffordable. With 5% additional SDLT and 5% mortgage it will take min 4 to 6 years to recover that additional tax. On top of it if you are on 40% then you will be on continuous loss. Tell me what else government has to do to safeguard those low income sector. Government can’t support living cost of those because of ever increases in the house price and rents.
Member Since July 2023 - Comments: 15
10:16 AM, 1st February 2025, About 1 year ago
The RRB proposed private rented sector database will, among other things, hold legal history – Information about any banning orders issued against the landlord & previous convictions related to housing violations; essentially acting as a “rogue landlord” database accessible to potential tenants.
How about a similar database to cover similar trespasses of tenants?
Member Since May 2021 - Comments: 392
10:20 AM, 1st February 2025, About 1 year ago
Reply to the comment left by Alltaf Samji at 01/02/2025 – 10:16
That’s been called for thousands of times but it ain’t happening.
Member Since May 2015 - Comments: 2204 - Articles: 2
10:33 AM, 1st February 2025, About 1 year ago
Reply to the comment left by PH at 01/02/2025 – 10:20
The reason it is not happening is that there is no such thing as a bad tenant, so no need for a bad tenant database, just ask Shelter.
Member Since May 2014 - Comments: 145
10:26 AM, 2nd February 2025, About 1 year ago
Reply to the comment left by anthony altman at 27/01/2025 – 10:50
what the Government has done to private landlords is called ABUSE, pure abuse and nothing more to be said.
Member Since May 2015 - Comments: 2204 - Articles: 2
10:57 AM, 2nd February 2025, About 1 year ago
Reply to the comment left by Jim at 02/02/2025 – 10:26
If a landlord did to a tenant what the government has done and is about to do to landlords, he would be in jail.