Chris Walters

Registered with Property118.com
Tuesday 28th July 2015


Latest Comments

Total Number of Property118 Comments: 4

Chris Walters

21:13 PM, 21st December 2015
About 5 years ago

Landlord Tax Grab - source document EXPOSED

Reply to the comment left by "Angela Bryant" at "21/12/2015 - 19:18":

I am happy to support Crowd funding too.
Please provide info as needed.
I am feeling ever so slightly optimistic !... Read More

Chris Walters

13:43 PM, 21st December 2015
About 5 years ago

Lord Flight Disagrees With Landlord Tax Grab

Reply to the comment left by "Steven Burman" at "21/12/2015 - 10:57":

Steve,

My thoughts exactly!

My wife and I have worked full time developing our property business for the last 12 years. We are full time landlords to 39 tenants many of which have been in our properties for many years. I can't remember last time we raised any rents, we get Christmas cards from many of them and I can say without fear of contradiction the majority if not all are happy.

The changes introduced by Osborne will have a catastrophic outcome for us. Our tax liability will totally consume what is currently our income. There is no point what so ever getting another "job" to supplement the BTL income as that too will be taxed at 40% meaning even a job at the local supermarket will at best give us £4 an hour!

George has completely removed the stuffing out of being an entrepreneur and trying to provide for yourself through the life. I have had it with UK and now intend a gradual sell off taking advantage of my CGT allowance while it's still there an get the hell out of here. A beach somewhere sunny sounds appealing!

I for one will never be voting Conservative again irrespective who is sitting in the top seat. I feel well and truly conned!

The logic behind the new tax rules are flawed from the outset.
The issue he is trying to avoid will in fact be exacerbated , how can a person of his supposed intelligence not realise that.

The obvious outcomes are clearly although not necessarily in this order....

Rents rising significantly
Landlords selling up
Less property available to rent
Rents going up
Landlords going bust
Re-possessed property back on market by lenders
More shortage of rental property
Impact on lenders bottom line

The whole thing is a shambles put together by some ill informed Treasury officials who clearly can't see the big picture.

See you on the beach !... Read More

Chris Walters

10:30 AM, 19th December 2015
About 5 years ago

Professor speaks out against Landlord Tax Grab

Is there an option to make a legal challenge ? Is it appropriate to go down a class action route ? Who's up for it ? Count me in....... Read More

Chris Walters

10:23 AM, 19th December 2015
About 5 years ago