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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Whiteskifreak Surrey

11:20 AM, 13th March 2017, About 7 years ago

Reply to the comment left by "Paul Mullally" at "13/03/2017 - 11:01":

They were supposed to go up in anticipation of S24. We have to increase because of that, albeit only 5%. Does it mean that all stories we read about incredibly high tenant demand are false?
The glut of properties should not happen IMHO, because of the demand level.
I really do not understand what is going on.


11:36 AM, 13th March 2017, About 7 years ago

Reply to the comment left by "Whiteskifreak Surrey" at "13/03/2017 - 11:20":

Sorry you're having difficulties finding new Tenants.

I think also that one of the side effects of s.24 is that Tenants are sitting tight (for the moment) if their current Landlords isn't/hasn't increased rents. So suppressing demand; as to move would mean paying significantly higher rent. (I read an article over the week-end where the author reckoned that 80% of Landlords still weren't aware of the impact that s.24 will have on their business).

It also demonstrates that there isn't a single homogenous housing market; demand and prices vary from area to area even down to street level.

NW Landlord

11:53 AM, 13th March 2017, About 7 years ago

Barry couldn't agree more. I put an advert for a flat in southport and I had 29 enquiries so it really depends on areas.


11:56 AM, 13th March 2017, About 7 years ago

Reply to the comment left by "Whiteskifreak Surrey" at "13/03/2017 - 11:20":

I have reduced the property in Gerrards Cross by approx. 13% and the ones in Dorset by 5%.

The agents just don't understand it but they're seeing the market unbelievably quiet for 2 bed apartments.

Monty Bodkin

12:38 PM, 13th March 2017, About 7 years ago

Reply to the comment left by "Paul Mullally" at "13/03/2017 - 11:56":


In Gerrards Cross there is a glut of flats to rent in one particular block.
You need a USP, try offering the flat furnished, no one else is.
Are you too far away from Brunel uni for student lets?


13:16 PM, 13th March 2017, About 7 years ago

Reply to the comment left by "Monty Bodkin" at "13/03/2017 - 12:38":

That will be the one. The issue I see it is that the block is not "trendy" when compared to the new apartments in the town, but then on the flip side, it's no where near the same price.

The main interest in the area has changed from apartments to 3-4 Bedroomed houses.

It's too far from Brunel really.

Whiteskifreak Surrey

12:32 PM, 24th March 2017, About 7 years ago

Picked today on the Axe the Tenants Tax FB page:

And originally the idiots wanted to remove a danger of glut of BTL Properties on the market (if I am not mistaken it was BoE who said that to Osborne, but I might be incorrect) - by introducing S24 and other taxes... They have not seen anything yet.

Whiteskifreak Surrey

12:40 PM, 27th March 2017, About 7 years ago

Noted in today's City a.m.:

A headline like that does not help, when LLs now increasing the rent due to S24. Fortunately we only have one flat in outer London, so we will see.

Any comments on that?

NW Landlord

16:56 PM, 28th March 2017, About 7 years ago

In the the north west rents have gone up and keep going up in my experience. Some of mine u have been able to increase by as much as 100 on new applicants but to be fair al lot of mine where long term and below market rents anyway

Stephen Scott

14:52 PM, 21st January 2020, About 4 years ago

Hi Mark,
I'm interested in your tutorial "Tax planning opportunities where spouse earns less than £43,000 a year" which says I can download for free on completion of a form, however I can't see a link to that form on this page. Are you able to help?

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