Frazer Fearnhead

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George Osbourne is 'shocked' ! Give me a break. If that’s true,
 he must be completely stupid (which I doubt) to fail to appreciate that
buy to let is a business like any other. Income does not equate to profit and
the costs of running a business, including interest payable on loans to finance
the growth of that business, are clearly an expense incurred wholly and
specifically in relation to the business and are justifiably a deductible
expense. To try and change that situation would be ludicrous.

Controversial though it may be – but it's a fact – the rich actually
pay a lot more than their fair share of tax already. According to HMRC the
top 1% of earners pay a  27% of all income tax, whilst the bottom 50% of
earners, despite being the people who benefit most from the public services
income tax is supposed to pay for,  paid only 11% of the total income tax
amount collected. 

So the fact is the rich pay a disproportionately high amount of tax
and contribute massively towards an education system their children don't use ,
a health service they avoid wherever possible, and in general contribute a damn
site more to the welfare state and public services than all the people who
whinge that the rich don't pay enough tax.

It's time the government stood up for those
people in this country who actually create businesses and produce the wealth and for landlords who provide much
needed housing instead of pandering to ignorant Daily Mail readers.
 George – try to grow a pair. 

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Thanks for a great article JohnPaul. After hearing you speak a couple of years and investigating the position further ago I started to move into the LHA market and now have a number of properties let to LHA tenants. However sometimes the councils are not paying the rates stated on the LHA website, even though the tenants do qualify for the room rate we are asking for. Getting a straight answer out of them as to why not is proving difficult - have you any experience of why this sometimes happens and what any answer as to what can be done about it.   ... Read More