Jim Parker

Registered with Property118.com
Thursday 17th November 2016


Latest Comments

Total Number of Property118 Comments: 2

Jim Parker

7:51 AM, 22nd July 2017, About 4 years ago

Section 24 could cause the next pension crisis

Reply to the comment left by "Alison King" at "21/07/2017 - 15:36":

You can still be a higher rate tax payer and earn absolutely nothing by 2020 when the full impact of S24 hits. Even if I earn zero I face a tax bill of £6,000 as I have £70,000 in mortgage interest to offset each year. So I have to earn £70,000 before the interest just to pay it making me an automatic higher rate tax payer. I'm not the only one after lobbying the government it's apparent that this is ticking time bomb.... Read More

Jim Parker

17:42 PM, 17th November 2016, About 5 years ago

Treasury response to Section 24 report by Dr Rosalind Beck

I am a landlord that has never been a higher rate payer as I only make around 16k per year. However the new tax now means that tge whole lot will be taken for tax. , I will be a higher rate payer with actually no income and no access to benefits or child benefit. Plus most of the properties have no equity to sell them. I can't be tge the only one.... Read More