Summer Budget 2015 – Landlords Reactions

Summer Budget 2015 – Landlords Reactions

14:00 PM, 8th July 2015, About 9 years ago 9619

Text Size

Budget 2015 - Landlords Reactions

The concern is;

Budget proposals to “restrict finance cost relief to individual landlords”Summer Budget 2015 - Landlords Reactions

To calculate the impact of this policy on your personal finances download this software


Share This Article


Comments

Appalled Landlord

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

20:36 PM, 30th July 2015, About 9 years ago

Reply to the comment left by "Mark Shine" at "30/07/2015 - 19:52":

Hi Mark

Yes, but I think the following wording removes ambiguity: "She receives rent of £75,000 per annum"

There had been no figure quoted for allowable costs so I made one up - £15,000.

Dr Rosalind Beck

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

21:07 PM, 30th July 2015, About 9 years ago

Message from Adrian at the Guild of Residential Landlords:

'I have just tweeted our 7,000 followers the link. '

Not bad, ay?

John McKay

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

21:08 PM, 30th July 2015, About 9 years ago

Reply to the comment left by "Ros ." at "30/07/2015 - 21:07":

Hey that really is great Ros

John McKay

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

21:12 PM, 30th July 2015, About 9 years ago

Reply to the comment left by "Landing Lord" at "30/07/2015 - 20:29":

LL is there any reason you would not serve a S21 now on those tenants you mention? You do not have to follow it through of course. If they choose to move on then you have lost the problem (alas someone else will have it) but if they do stay then you can enforce it whenever you like.

Yes the situation is serious which is why the petition is doing so well currently, but we will win a lot of support from other tenants that realise there is pain to come for them too.

Mark Alexander - Founder of Property118

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

21:14 PM, 30th July 2015, About 9 years ago

Reply to the comment left by "Ros ." at "30/07/2015 - 21:07":

Excellent but Is he prepared to email them all as well?

What is his Twitter name? I will re-tweet him.
.

Landing Lord

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

21:29 PM, 30th July 2015, About 9 years ago

Reply to the comment left by "John McKay" at "30/07/2015 - 21:12":

Indeed, there are options available. The problem I personally have is that I would like to do things with my head held high and not interfere with other folks life where possible (for my own excessive gains - I have some morals).

Of course no one wants to sell, I suppose I could sell the higher gainers first to try and buy them with the cash via LTD, I am not 100% sure here so need professional advice.

Another concern of mine is that almost everyone I know is BTL in some way and most cannot take this hit or hits if we include the BOE "tools" coming as well. The mentality remains that some would want to get out quick "before others", we have to take herd mentality into account as it is true.

So on the flipside this promotion / petition / etc, do you think that the more 'mum and dad' landlords find out about this the more the panic will be and panic selling? I am not trying to be negative - just saying things out loud.

Also need to convince the BOE for no changes in the remaining months of 2015.

Jim

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

21:36 PM, 30th July 2015, About 9 years ago

Reply to the comment left by "Landing Lord" at "30/07/2015 - 20:29":

If you were going to sell everything and reinvest then I think the best new investment that I can think of is for an individual to buy the most expensive personal residence home as they could possibly afford, preferably in London. No landlord levy tax, no capital gains tax, no income tax. You even get additional inheritance tax limits up to £1 million pound. No VAT, no National Insurance. No tenants from hell, no crap tradesmen, no legal renting/licensing laws, no paperwork and re letting. No phone calls in the middle of the night. I've been in the business for 28 years - what's happening to me?

Mark Shine

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

21:49 PM, 30th July 2015, About 9 years ago

Landing Lord in your 2 posts I think you may have given away 3 clues as to your origins:
1. ‘A pinch of salt’ which also featured elsewhere today
2. ‘sell everything’ – a term used heavily on another forum
3. Use of the word ‘indeed’ – the absolute favourite word at you know where

Sincere apologies if I’m wrong. We don’t want to become like that other twisted forum who are copying and pasting almost every single post here on to theirs…

Moffard John

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

21:51 PM, 30th July 2015, About 9 years ago

Just signed the petition.

Gentle reminder to everyone, please ensure that everyone in your family signs the petition, which includes husband & wife and any adult children. (I'm sure everyone has it's own email address)

You may not realise by following this protocol, you can double, treble or even quadruple signatories !

Mark Alexander - Founder of Property118

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

21:54 PM, 30th July 2015, About 9 years ago

Reply to the comment left by "Mark Shine" at "30/07/2015 - 21:49":

You're way off there Mark, he's an established member. Look at his profile. You're getting paranoid my friend LOL
.

Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Automated Assistant Read More