Section 24 Tax Reforms

Thank you for your interest in the Section 24 Tax Reforms, which will result in:-

• Massive rent hikes (as proven when a softer version was introduced in Ireland and is now being reversed)
• Landlords selling their rental properties (causing homelessness for tenants)
• Less private sector investment into building more homes

Section 24 Tax Reforms increases the tax payable on providing your home, just like when fuel duty, tobacco duty, and alcohol duty are increased by the Government so does the prices you pay. Either that or being evicted if the property owner is forced to sell up.

This Government Tax Grab isn’t fair on anybody and needs to be challenged, especially by people who cannot afford to pay more rent and those for whom taking on a mortgage to buy a home isn’t realistic. We all need to be working together to persuade the Government of its poor judgment and to repeal this ludicrous piece of legislation.

ACTION YOU CAN TAKE

The orange text below links to other pages.

To spread the word, why not print an image of our Billboard onto a piece of A4 paper and ask your local shops (especially letting agents) to display it in their windows and on notice boards?

How about putting it in your car window?

Maybe you could send a copy to your local MP or Councillor?

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Let’s get creative!

Please share your ideas and successes in the comments section below.

Alongside our campaigning, Property118 has been helping as many private housing providers as possible to minimise the effects of the Section 24 Tax Reforms. By optimising the structure of their businesses to minimise, and in some cases to mitigate the extra tax, the impact on tenants is also reduced. You can read more about these structures via the link below.

Landlord Tax Planning

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Technical Information About Section 24 Tax Reforms

It has now been a year since Dr Rosalind Beck first published her paper on the Section 24 Tax Reforms, which has become widely known in the industry as “The Ros Report”.

Since then, Property118 has welcomed 1,000’s of new members who may be oblivious to this excellent piece of work. Accordingly, please see below a link to correspondence that ‘Ros’ had with The Treasury, and which also contains a link to the full report itself, which can be downloaded free of charge in PDF format.

The Ros Report: the Treasury defends the indefensible