NLA #RETHINKTENANTTAX

by Property118.com News Team

9:51 AM, 9th November 2016
About 2 years ago

NLA #RETHINKTENANTTAX

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NLA #RETHINKTENANTTAX

The NLA have launched their new campaign to Lobby the Treasury on the Tenant Tax.

For those that are visual a picture paints a thousand words.

The NLA page Click Here to visit says:

“There is a new Chancellor and we need your help to lobby him on the Tenant Tax – otherwise known as Section 24 of the Finance Act 2015.

Despite over a year of intense lobbying, officials in the Treasury have told landlords they cannot imagine how the tax impacts on tenants. So we thought we’d make it real simple, draw them a picture and send it to them on a postcard.

A picture tells a thousand words. Just choose the image you want to send, fill in your details and hit submit. You will then see a copy of the email you are going to send and be asked to confirm you are happy to send the email. You will receive a copy of the email in your inbox and any replies from the Treasury will go directly to you. Delivery of your email confirmation may not be immediate, and remember to check your junk mail periodically as it may show up there instead.rethink

By filling out this form you give NLA the right to re-publish your information in printed postcard format for the purpose of this campaign only. Your data will be subject to both NLA’s and TFA’s privacy policies, and will not be passed on to third parties.

We have to warn Philip Hammond of the tax bombshell that he has inherited from his predecessor. He needs to understand the impact the Chancellor’s tax hike will have on their local communities and crucially how the impacts will trickle down to tenants.

Help us urge the Treasury to #rethinkthetenanttax

The campaign is timed to run in the weeks leading up to Chancellor Phillip Hammond’s first Autumn Statement, due on 23 November.

Richard Lambert, Chief Executive Officer at the NLA, said, “despite more than a year’s worth of campaigning, the Treasury still won’t accept the disastrous impact that Section 24 will have on landlords and their tenants.  It seems that all our words and figures haven’t got through to them, so we’ve decided to make it as clear as possible – by drawing them a picture.

“With the Autumn Statement just around the corner, this provides the perfect opportunity for landlords to make their voices heard, and to relay the message that the proposed tax changes will only make housing problems in the UK worse.

“This policy will push 44 per cent of basic rate tax-paying landlords into a higher bracket, forcing them to either sell up and end perfectly happy tenancies, or increase rents. We want the Government to minimise the impact by applying the rules only to landlords who take out new buy-to-let loans from April 2017”.



Comments

Dr Rosalind Beck

11:12 AM, 9th November 2016
About 2 years ago

I've sent mine.

Whiteskifreak Surrey

11:33 AM, 9th November 2016
About 2 years ago

I am going to send that as well, however I do not like any of the graphic. Perhaps a more professional financially oriented images would have a better impact?

Luke P

12:14 PM, 9th November 2016
About 2 years ago

Reply to the comment left by "Whiteskifreak Surrey" at "09/11/2016 - 11:33":

@Whiteskifreak Surrey I have sent mine and agree.

I didn't want to be Mr Negative as I'm sure we all welcome ANY help in fighting this injustice, but I agree that I don't believe the 'postcards' visually explain very much at all. How does a Banksy-esque figure brushing away a child's drawing of a family scene even hint at 'the policy pushing 44% of basic rate tax-paying landlords into a higher bracket, forcing them to either sell up and end perfectly happy tenancies, or increase rents. We want the Government to minimise the impact by applying the rules only to landlords who take out new buy-to-let loans from April 2017.'??

Whilst the final sentence is a last minute 'compromise', I don't believe we should be settling for S.24 in any form...past or future.

Martin

12:47 PM, 9th November 2016
About 2 years ago

Couple of points. There should be a graphic which paints an overview of the landlords financial situation before and after the tax change even if it is graphical block items. Only then will there be an understanding of the impact on all parties concerned. The landlord could be an average earner with an average number of properties etc. Also, I totally disagree with the "We want the Government to minimise the impact by applying the rules only to landlords who take out new buy-to-let loans from April 2017” statement. This is giving the government a divide and rule possibility and appears to say I have my properties so lets stop anyone entering or expanding their portfolios. No. That is wrong. Also what would happen when you tried to refinance? Would you suddenly be in the same situation?

Whiteskifreak Surrey

13:33 PM, 9th November 2016
About 2 years ago

Dear All, as I am an NLA Member I have created a new post on NLA Forum, using some ideas learned here. Under their announcement about the campaign I did not see any space for comments...
If anyone wants to comment there - the link:
http://www.landlords.org.uk/forums/general/general-discussions

Gromit

14:44 PM, 9th November 2016
About 2 years ago

Sent

leslietolley

19:18 PM, 9th November 2016
About 2 years ago

Reply to the comment left by "Whiteskifreak Surrey" at "09/11/2016 - 11:33":

Should it read... Dear Tenant ..the "TENANT TAX" if you don,t PAY we will take it away.
Regards The Government.

Simon Hall

20:07 PM, 9th November 2016
About 2 years ago

I wonder what happened to the meeting Richard Lambert (NLA) had arranged with Philip Hammond? Does anyone know if that has already taken place or yet to take place?

Mark Alexander

22:53 PM, 9th November 2016
About 2 years ago

I've sent mine too but I agree with the comments about the poor graphics.

Income - expenses = profit

And the Axe The Tenant Tax logo

With Section 24 Of The Finance (No. 2) Act 2015 as a footer would be far better in my opinion.

Physical postcards would be much better and I think a LOT of landlords would pay a service such as Moonpig to send one if somebody could sort it out.
.

Whiteskifreak Surrey

10:02 AM, 10th November 2016
About 2 years ago

I have sent mine, even I am very strongly against that mitigation statement: “We want the Government to minimise the impact by applying the rules only to landlords who take out new buy-to-let loans from April 2017” .
Martin (above, 09/11/2016 at 12:47) put is quite clearly in his post and I completely agree.

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