Summer Budget 2015 – Landlords Reactions

lords "fatal motion" cancelled

http://www.theguardian.com/money/2015/oct/20/government-forces-lords-to-back-down-over-tax-credits-motion

Reply to the comment left by "Costas Tzanos" at "20/10/2015 - 22:29":

BBC on HMOs in Blackpool

http://www.bbc.co.uk/news/magazine-34571608?ocid=socialflow_facebook&ns_mchannel=social&ns_campaign=bbcnewsmagazine&ns_source=facebook

Those props are not good, and also not typical in my extensive experience. Rogue Landlords running props like that need taking out of the PRS, as do a lot of tenants that can make them as bad as that ! Lost a floor and ceiling this week due to a tenant not informing me the bath had been leaking for months - that will be my fault then !

If not the Commons, then rebellion in the House of Lords next Monday may force some change, but the Lords would not dare demand anything to cover the monumental £4.5bn losses. Tax credits, with their £30bn bill, were always detested by the Tories, as the chief engine of redistribution. With great precision, whenever credits rise, poverty falls and vice versa. Poverty will soar now, says the Institute for Fiscal Studies (IFS). That’s why the government will stop measuring poverty from now on.

Today in the Commons Labour will try to make the government squirm over multiple injustices in the welfare bill – and squirm they will. After all, 3.2 million low-paid families will see their tax credits fall by on average £1,300 a year. Forget nonsense about the Conservatives becoming the party of “working people” as rewards for hard work will be weakened, not strengthened. From now on, any extra that people earn will be worth far less than before. Consider this shocking figure: for every extra pound those on tax credits earn under universal credit, they will keep just a paltry 24p, the Resolution Foundation finds.

http://www.theguardian.com/commentisfree/2015/oct/20/poll-tax-moment-tories-tax-credit-cuts-osborne

As long as the rent is paid on time so what, these people need to get off the teat, get back to basics learn how to cook, forgo the sky package, walk its basic stuff but budget and live within ones means, whichever Govt makes cuts are never popular but at least George has the balls to try to trim some fat. Last four Govts were living in cockoo land were back to the future today - like it ?

Reply to the comment left by "Simon " at "21/10/2015 - 08:36":

The rent will not be the first payment food and heating will, I think rent will fall to about 5th position.

Joining this discussion at a very late stage... so apologies if this has been discussed on any of the previous 500+ pages!

Reply to the comment left by "KATHY MILLER" at "21/10/2015 - 12:01":

Oh ? thats strange I would have thought a roof over ones head to be the priority then food then heating etc if any disposable income remains could go towards clothing

HMRC’s Twitter event fails to rouse landlords
21.10.15 Written by Jenny Barrett
A Twitter Q&A event organised by HMRC took place last night giving landlords an opportunity to get answers to their tax related questions.

Surprisingly the event turned out to be a damp squib with landlords failing to participate.

This morning we enquired about the session and HMRC responded tweeting:

“@MortgagesforBus Sorry for the delay in replying. Due to the low number of questions asked we will not be producing a Q&A document”

The only vocal landlord at the event was Vanessa Warwick, founder of Property Tribes. She tried to get the Q&A going by tweeting:

"#UKLandlords @HMRCCustomers Is this the end of BTL as we know it?"

She went on to post a link to her predictions for the future of buy to let, some of which made gloomy reading. Despite a retweet and a few followers marking her tweet as a favourite, no landlords joined the discussion.

Exasperated Ms Warwick, tweeted her concern over the lack of participants.

“Where are all the #UKLandlords? We should be telling @HMRCCustomers our concerns about tax changes!!!”

The lacklustre event raises the following questions:

Did landlords avoid the event because they don't have any tax concerns?

Was it simply an opportunity missed?

Do landlords actually use Twitter?

Considering that a high number of Landlords regard their properties as their pension, the question should be "Is Twitter the most appropriate medium for people of pensionable age?"
If I were cynical I would think HMRC are doing their best to keep the number of difficult questions thrown their way to a minimum.

Didn't have any idea that Twitter event was on.