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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Mark Alexander - Founder of Property118

14:21 PM, 9th March 2017, About 7 years ago

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

Hi Dave

From 6 April 2016, a £5,000 tax free dividend allowance is introduced. The Chancellor has reduced this to £2,000 from April 2018. Dividends above this level are taxed at 7.5% (basic rate), 32.5% (higher rate), and 38.1% (additional rate)

Dave Driver

19:27 PM, 9th March 2017, About 7 years ago

Ah I stand corrected.

Gareth Wilson

22:53 PM, 9th March 2017, About 7 years ago

Reply to the comment left by "Lee Humby" at "09/03/2017 - 09:16":

Now the mask has slipped, and the rest of the country is seeing the bullying, sophistry and contempt towards small business, that individual landlords bore the brunt of in 2015.

From Hammond to Osborne... this evening's Newsnight is a catalogue of Tory betrayal and corruption.

I would also like to add that prior to the 2015 general election we, the British public, were told Vote UKIP = Get Labour.


England voted Tory... and it still got Labour!

Grumpy Doug

15:48 PM, 10th March 2017, About 7 years ago

Dear Phil

Oh dear - that NI blunder is causing a bit of a headache for you. The really big migraine is on its way. Rent statements looking like this will soon be landing on the doormats of rental properties across the country

Property rent to landlord £700.00
TENANT TAX payable to Government (100% annual increase till 2020). £70.00
LICENCE FEES to local council £15


Phil, as we all know, this ONLY affects 1 in 5 landlords, so will ONLY affect 2 million properties housing ONLY 4.6 million tenants. No cause for concern there then.


Gareth Wilson

21:42 PM, 12th March 2017, About 7 years ago

Imagine how the Independent would cry, if an article were written using a similar title to the below, but with the words "self employed" replaced with "benefit claimants" or "asylum seekers".


The alt-right prospers from the condescension of these metropolitan-socialist, ignoramus pillocks.

Whiteskifreak Surrey

10:18 AM, 13th March 2017, About 7 years ago

How to explain today's news about rents falling:


10:32 AM, 13th March 2017, About 7 years ago

Reply to the comment left by "Whiteskifreak Surrey" at "13/03/2017 - 10:18":

from the article commenting on the Countrywide research:

"The main factor was a big drop in rents in London and south east of England." ........... "Everywhere else rental levels continued to rise."

Just the crazy London property market distorting figures for the rest of the country.

"Countrywide's research is at odds with the most recent figures from the Office for National Statistics (ONS)."

Who do you beleive?

NW Landlord

10:40 AM, 13th March 2017, About 7 years ago

From my experience in the north west rents are rising all the time I have just done my first blanket rent increase and didn't get one challenge as they where all bellow market value

Monty Bodkin

10:57 AM, 13th March 2017, About 7 years ago

Reply to the comment left by "Whiteskifreak Surrey" at "13/03/2017 - 10:18":

How to explain today’s news about rents falling:

From the first paragraph in the article;

"The drop has been due to a big recent increase in the supply of properties becoming available, mainly in London.
That was due to some landlords rushing to buy last year before a 3% stamp duty surcharge came into effect."


11:01 AM, 13th March 2017, About 7 years ago

Reply to the comment left by "Barry Fitzpatrick" at "13/03/2017 - 10:32":

I have a property in Gerrards Cross which has been on the rental market for 4 months now and still not let. I have dropped the price twice (total £200pcm) and still no takers.

I also have 2 properties in Weymouth and pretty much the same story there. I am now approaching rental figures from 2 years ago so can definitely confirm rents are dropping.

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