Summer Budget 2015 – Landlords Reactions

Summer Budget 2015 – Landlords Reactions

14:00 PM, 8th July 2015, About 9 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

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


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Ray Davison

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21:29 PM, 10th December 2015, About 9 years ago

Reply to the comment left by "Mark Alexander" at "10/12/2015 - 14:22":

Thanks Mark and all others who have commented on my question. I was never in doubt that it was bad news for sole trader Landlords however it is worse than I thought.

I am due to meet my accountant anyway re my latest submission and this was on the agenda anyway.

Dr Rosalind Beck

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21:32 PM, 10th December 2015, About 9 years ago

Reply to the comment left by "Seething Landlord" at "10/12/2015 - 21:12":

Thanks SL. The main worry is always the possibility of being stuck with a rogue tenant for longer than absolutely necessary. In practice, I only ever give notice for non-payment, and once in a while for an abusive attitude towards me. So good tenants tend to have security of tenure anyway and until recently had static rents.

Things are a lot dodgier for them now though, with rent rises and also if a decision to sell some of them is made because of C24 I would aim for vacant possession in order to maximise the price.

It would be interesting to know if the proposed and withdrawn legislation (I'll take your word for it) allowed us to still give notice if the tenant was in default. Because it is quite possible this might rear its ugly head again. I don't think it will apply to me, as I am in Wales, but that's not the point.

TheMaluka

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21:39 PM, 10th December 2015, About 9 years ago

Reply to the comment left by "Ray Davison" at "10/12/2015 - 21:29":

I trust that you have now signed the petition?
https://petition.parliament.uk/petitions/104880

Ray Davison

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21:54 PM, 10th December 2015, About 9 years ago

Hi David,
I had already signed it anyway!

Ray Davison

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22:13 PM, 10th December 2015, About 9 years ago

Just another thought.

Sadly, I am divorced and pay child maintenance via the CSA. Now I do not mind paying to help support my son however is this tax change likely to affect the amount I am required to pay.

Manchester Landlord

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22:57 PM, 10th December 2015, About 9 years ago

Reply to the comment left by "Ray Davison" at "10/12/2015 - 22:13":

Short answer... Yes. And in an upward direction.

Seething Landlord

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23:55 PM, 10th December 2015, About 9 years ago

Reply to the comment left by "Ros ." at "10/12/2015 - 21:32":

Ros, As far as I can see it would only have prohibited service of a S21 notice during the first 36 months of the tenancy.

Julius Caesar

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6:56 AM, 11th December 2015, About 9 years ago

Carol Duckfield

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9:10 AM, 11th December 2015, About 9 years ago

Reply to the comment left by "Julius Caesar" at "11/12/2015 - 06:56":

I preferred this one as it written by someone that would be seen as more independent but only found it via your link

http://www.cityam.com/229568/autumn-statement-2015-chancellor-george-osbornes-housing-measures-risk-making-the-situation-worse?ITO=related-content

Saeef Khan

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