Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 3 weeks ago 46
When I emmigrated to Malta I said I would never vote for a UK political party ever again, even though I am still entitled to do so. Well I have changed my mind, and if you watch this video you might understand why.
My attention was drawn to this YouTube video this evening by Dr Rosalind Beck.
I posted the following comments on YouTube.
1) level the playing field in terms of CGT rollover relief, private residential housing providers the same deal as commercial property landlords get
2) define ALL landlords as a business for the purposes of claiming incorporation relief to roll capital gains into shares at the point of incorporation (section 162 TCGA 1992). The rules are ambiguous right now because they say that if a landlord spends less that 20 hours a week running their property rental business they MIGHT not be entitled to this relief. No other business has to meet this criteria!
3) extend the SDLT/LBTT relief for landlords who want to incorporate their business (schedule 15 FA2003) to individual landlords. At the moment this relief is only available to partnership. Is that fair?
Great video by the way. I’d vote for you! 🙂
What would you add to my list and would you vote for them?
PS – I have also paid £45 to become an official party member https://libertarianpartyuk.com/membership-join/
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