NLA #RETHINKTENANTTAX

by Property118.com News Team

9:51 AM, 9th November 2016
About 4 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

10:13 AM, 10th November 2016
About 4 years ago

Reply to the comment left by "Whiteskifreak Surrey" at "10/11/2016 - 10:02":

Yes, that's a cock-up. It should say 'new purchases.' And of course, even for new purchases it's an absurd idea and will have to be scrapped in due course as no-one will be buying and bringing new properties into the rental market.

Lisa S

10:42 AM, 10th November 2016
About 4 years ago

I've sent mine too, although I totally agree with the comments re the wording and the graphics.

Grumpy Doug

11:11 AM, 10th November 2016
About 4 years ago

Sent. Agree with the comments re: future purchases. Isn't that what they did in Ireland and look at what happened there !!

Whiteskifreak Surrey

12:45 PM, 10th November 2016
About 4 years ago

Just read on Axe the Tenant Tax FB:
"Another prominent mortgage chief has called on the government to show its support for the private rental sector by repealing SOME proposed tax changes." But only asking for removal of stamp duty surcharge for so called accidental Landlords (1-2 properties), so professional landlords will bear the burden.
It is getting more and more ridiculous.
https://www.facebook.com/search/top/?q=axe%20the%20tenant%20tax

Whiteskifreak Surrey

16:12 PM, 10th November 2016
About 4 years ago

Bad prediction for LLs:
"Looking at other regulatory issues, the industry has low expectations of Chancellor Philip Hammond reversing the decision of his predecessor George Osborne to reduce mortgage interest tax relief for landlords. Three quarters of lenders expect these plans to come to fruition, along with 52% of brokers."
http://www.propertywire.com/news/europe/lenders-brokers-call-cohesive-uk-housing-policy/?utm_source=Property+Wire+News&utm_campaign=382b761917-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_cb0fe1dd73-382b761917-107788449&goal=0_cb0fe1dd73-382b761917-107788449

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