Spring Budget 2017 – Landlords Reactions

Spring Budget 2017 – Landlords Reactions

13:40 PM, 8th March 2017, About 7 years ago 41

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philip hammondThe Spring Budget 2017 was spectacularly boring and for a change barely affects landlords.

One slight change is that the £5,000 dividend rate tax allowance will reduce to £2,000 per person in 2018, thus impacting incorporated landlords as well as all other others with shares in companies.

To a basic rate tax-payer that will mean an extra £225 a year in tax.

For higher rate tax-payers it’s a £975 a year increase and £1,143 a year for additional rate tax-payers with annual taxable earnings over £150,000.

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Gareth Wilson

8:12 AM, 9th March 2017, About 7 years ago

I briefly flicked on Sky News last night, and the featured reporter was laying into the Treasury over National Insurance... Making pretty much the same statements that we have about them... Accusing the department of giving mealy mouthed excused to Sky News by pretending to be levelling the playing field and claiming that the increased NI contributions are not properly comparable to those subject to the Tory tax-lock. It all sounded so familiar. This issue is going to run and bring to light a lot of what we've been saying about this toxic and destructive department.

Check out the backlash in the papers today

Lee Humby

8:44 AM, 9th March 2017, About 7 years ago

Reply to the comment left by "Gareth Wilson" at "09/03/2017 - 08:12":

If any more government apparatchiks say that they are "levelling the playing field" I think i will go stark staring bonkers! You'd think they had more important issues at hand than to ferret around trying to destroy anything that looks remotely like it's working well. Self-employed people take more risks and are the lifeblood of the economy. Great! - say the government - let's choke them off!

Lee Humby

9:16 AM, 9th March 2017, About 7 years ago

Just reported on London BBC news (apparently, it's come as a shock to them!) - "it's easier to rent a flat in London if you have a pet than if you're on housing benefit". Out of 11000 homes to rent in online listings in London, all but a few hundred are not available to people on housing benefit. An unnamed campaign group has claimed this is discriminatory on the part of landlords. Even if mortgage lenders were to allow rental to tenants on housing benefit (which in my experience, very few do), how exactly has the government encouraged landlords to house these disadvantaged people!?


10:38 AM, 9th March 2017, About 7 years ago

Reply to the comment left by "Lee Humby" at "09/03/2017 - 08:44":

"levelling the playing field" is politician's speak for 90% i.e. a cliff edge, just more specious rhetoric to try and justify a tax hike.


10:45 AM, 9th March 2017, About 7 years ago

Reply to the comment left by "Barry Fitzpatrick" at "09/03/2017 - 10:38":

We could level the playing field by filling all the depressions with politicians, especially Tory politicians.

Tobias Nightingale

10:51 AM, 9th March 2017, About 7 years ago

Its funny they compare the self employed with the employed and as pointed out they don't have the advantages of what the employed get. Yet people are content to point to interest relief as the one and only ground to cite unfairness, if they are not ignorant (which I find hard to believe) the press largely hate landlords so rather than weigh up all the pluses and minuses and then make people come to a conclusion better to stack the deck against the landlord.

I'm not defending the NI increase for the self employed but compared to the onerous mtd regime or even the plight of landlords who have mortgages it is not much the issue all.

Dave Driver

13:57 PM, 9th March 2017, About 7 years ago

Where do these figures of £225/£975/£1143 come from? They don't look right to me.

Surely if the allowance is reducing by £3000, then the amount of extra tax payable is £3000 x the tax rate. So:
Basic rate: £600 extra
Higher rate: £1200 extra
Additional rate: £1350 extra.

Or am I being as thick as a whale omelette.

£600 or £1200 extra tax payable is quite significant IMHO.

Neil Patterson

14:04 PM, 9th March 2017, About 7 years ago

Reply to the comment left by "Dave Driver" at "09/03/2017 - 13:57":

£3000 times the basic dividend tax rate of 7.5% = £225

Neil Patterson

14:08 PM, 9th March 2017, About 7 years ago

Boring, but spread sheet Phil managed to break Tory manifesto promises on NI and attack the Self Employed mainly Conservative voters who have done the most to contribute to the country's recovery and stay off benefits while taking all the risk and with no holiday or sickness pay.

In the same way Osborne attacked mainly conservative voting Landlords.

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