Myth-busting – Electrical Safety installations Act 202011:19 AM, 3rd August 2020
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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.
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”.
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