Summer Budget 2015 – Landlords Reactions

Summer Budget 2015 – Landlords Reactions

14:00 PM, 8th July 2015, About 10 years ago 9619

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Budget 2015 - Landlords Reactions

The concern is;

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

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S.E. Landlord

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17:25 PM, 22nd October 2015, About 9 years ago

I think he could easily remove tax relief for loans on residential properties in limited companies. I also do not think it would affect the large corporate companies as they could raise money from shareholders or investment companies.

Mark Shine

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17:53 PM, 22nd October 2015, About 9 years ago

Reply to the comment left by "Laura Delow" at "22/10/2015 - 17:12":

Even if held in a trust?

Laura Delow

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18:07 PM, 22nd October 2015, About 9 years ago

Reply to the comment left by "Mark Shine" at "22/10/2015 - 17:53":

My understanding is not if the company is an investment & not a trading company but you should seek legal advice in this regard.

Dr Monty Drawbridge

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18:12 PM, 22nd October 2015, About 9 years ago

Rather than play about with interest, I'd imagine they'd just extend the Annual Tax on Enveloped Dwellings (ATED - I'm not going to pretend to be totally informed on this!). Currently it seems intended to deal with valuable homes (individually over a million) being held by a company for tax reasons but it could easily be extended to cover pretty much anything.

Mark Shine

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18:53 PM, 22nd October 2015, About 9 years ago

Yes I have been doing that, as assume you and other LLs who have been put in this position (effective 2017 onwards) are doing also.

MoodyMolls

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20:13 PM, 22nd October 2015, About 9 years ago

Reply to the comment left by "Dr Monty Drawbridge " at "22/10/2015 - 18:12":

I think you could be right on this easy applied tax grab

Saeef Khan

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22:10 PM, 22nd October 2015, About 9 years ago

Reply to the comment left by "Laura Delow" at "22/10/2015 - 09:46":

Hurrah!

Mark Shine

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5:25 AM, 23rd October 2015, About 9 years ago

George Osborne unveils curbs on buy-to-let mortgages

http://www.telegraph.co.uk/news/politics/georgeosborne/11949611/.html

FYI I usually have the following webpage open on my phone, it picks up many (but not all) of the relevant BTL articles, so others may want to try it:
http://mobile.newsnow.co.uk/h/Lifestyle/Property/Buy-to-Let

Neil Patterson

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8:21 AM, 23rd October 2015, About 9 years ago

Mark Shine

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10:28 AM, 23rd October 2015, About 9 years ago

Reply to the comment left by "Neil Patterson" at "23/10/2015 - 08:21":

Nice one Neil 🙂

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