Kathy white

Registered with Property118.com
Sunday 3rd January 2016


Latest Comments

Total Number of Property118 Comments: 4

Kathy white

15:36 PM, 24th October 2016, About 5 years ago

Comments please

Hi:
Clause 24 + removal of wear & tear will mean that by 2020 I will be paying thousands of ££ p/year more tax despite no increase in my income. It pushes me into a higher tax bracket and it could potentially send me under!!!! I certainly can't see the point of the constant struggle of being a landlord just to pay tax on income I haven't even had in my bank account.
I would be better off leaving half my flats empty and paying the 100% council tax (that now has to be paid).

About 18 months ago there was a lot of talk about the 'buy-to-let' bubble. The government were worried that a lot of landlords would be coming to the end of there mortgage terms and still have outstanding interest only mortgages to pay-off.
Therefore, they should be putting incentives in place for landlords to pay off their mortgages.
How on earth does the government expect landlords to start to reduce their mortgage liability if they are busy 'chasing their tails' trying to pay huge tax bills on non-existent income.!!
I have taken huge risks and have had many a sleepless night being a landlord. Although I have met some wonderful tenants I have also had the tenants from hell and been left owing thousands. Surely these risks we take are worth some sort of recognition. Most landlords provide good quality housing, but it can come at a huge price sometimes. I am afraid with all the extra cost now in running a property portfolio + Clause 24 that a lot of landlords will be walking away from it and the Housing Crisis is about to get much worse.
Just finally, I can't believe how many landlords I speak to who have never heard of Clause 24. The real drama will start next year when tax bills arrive!!!... Read More

Kathy white

16:08 PM, 22nd August 2016, About 5 years ago

Complaint going in to the BBC over attitude towards landlords

I was absolutely infuriated when I heard the BBC news program commenting about landlords, 'lining' their pockets with public money.
You could then argue that any benefits received and spent in shops is lining the pockets of shopkeepers or lining the pockets of supermarkets. Benefits, including housing benefit are paid to people who are then supposed to use the benefits to pay for things, including rent.
It's absolutely ridiculous for the BBC to insinuate that landlords or doing anything else, but trying to get paid the rent they are owed for providing a home to people.
I am sick and tired of the media landlord bashing. It just shows how ignorant they are about what is involved in renting property. They do not seem to address or care about the fact that landlords invest and risk huge amounts of money to buy properties and then work very hard to maintain them, to keep them occupied, to collect rents and to pay their mortgages.... Read More

Kathy white

10:35 AM, 4th January 2016, About 6 years ago

Judicial Review - Landlord Tax Grab

Reply to the comment left by "Mark Alexander" at "03/01/2016 - 11:28":

Hi Mark
Fair comment, I agree... Read More

Kathy white

10:55 AM, 3rd January 2016, About 6 years ago

Judicial Review - Landlord Tax Grab

Reply to the comment left by "Mark Alexander" at "26/12/2015 - 11:08":

Hi Mark

Thanks so much for not giving up and keeping the 'fight back' ongoing.
I tried to pledge, but due to generosity and determination the fund had reached its current goal and closed. I will pledge at stage 2 (fingers crossed we get there). I have renamed landlord tax from income tax to turn over tax.
Kathy... Read More