10:31 AM, 9th February 2021, About 6 months ago 42
Private landlords are on tenterhooks once more prior to the Budget, bracing ourselves for yet another attack. The rumour is that we are to be slammed with a massive increase in Capital Gains Tax. I have explained why this is so wrong on many levels and made some alternative suggestions in an article I was asked to write for a political website here. I would appreciate it if as many landlords as possible read it and gave it a positive rating (this may help me to get more similar articles published in the future).
In such articles, there is a word limit, so I couldn’t go into everything that has been done against us in recent years, so feel free to add anything about any of this here. For example, there is the big issue of Energy Performance Certificates, which I didn’t have space to mention. The idea that countless millions of homes can get a C rating on the EPCs by 2025 is a joke. The Government doesn’t seem to have a clue about the older buildings in the PRS and the huge amount of money that would be needed – and even then, it might be impossible to bring them up to a C.
I also could have mentioned HMO licences and the cost of them also and how the schemes are one big racket. Also, there are the Rent Repayment Orders – a landlord could rent out a beautiful house, at a cheap rate and with all health and safety measures at an excellent standard – but if they didn’t know they needed a piece of paper from the council and didn’t pay the £800 or so fee – they face paying back a year’s worth of rent on top of a £30,000 fine – and that is per property.
These punitive policies are a disgrace for a so-called Conservative Government. They are more befitting of a Socialist/Communist state.
We need the Government to have a positive vision for the sector, with incentives and fair taxes. That is how a Conservative Government should be behaving. Please pass this on to your MP, to the Treasury or to whomever you want. It all helps. Although of course, what we really need is an organisation which will take on these fights for landlords, preferably in the legal arena.
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