Summer Budget 2015 – Landlords Reactions

Summer Budget 2015 – Landlords Reactions

14:00 PM, 8th July 2015, About 10 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

Eden Lan

Become a Member

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

Sign Up

23:13 PM, 28th April 2016, About 9 years ago

Hello James

I phoned them late evening and I did manage. They want to run an article with a link. The person was very supportive and helpful. He wants the facts like Clause 24 started, how the landlords will be paying tax on expenditure (interest) crowd funding, etc. How it will effect LA as well.
these are the points I discussed with him breifly. He wants it written down and sent to him via email as he wants to discuss it with his team how best to help us with the article and link.(article was his idea) No promises but he was very interested . James would you write it and send it off to him via email. I did say to him one of the landlords/supporters will write it on behalf of us all. Would you like me send his name and email address to Mark and he can forward it to you. I do not want to leave it on this open site.

Eden Lan

Become a Member

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

Sign Up

23:42 PM, 28th April 2016, About 9 years ago

Hi James
My previous comment is awaiting moderation. Sorry I did not wait for your answer. I have sent the details to Mark for you to pick up. If you can not do it, would you please pass the task on to a good writer from this forum.
Thanks

stuart edwards

Become a Member

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

Sign Up

9:31 AM, 29th April 2016, About 9 years ago

Reply to the comment left by "money manager" at "26/04/2016 - 12:47":

Am not sure that a very convincing argument....as you own 100% of the property and receive 100% of the gains....the bank merely has a charge on the asset.

Chris Brown

Become a Member

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

Sign Up

9:58 AM, 29th April 2016, About 9 years ago

If I share the properties with my wife, is that a pertnership?

Big Blue

Become a Member

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

Sign Up

10:20 AM, 29th April 2016, About 9 years ago

Reply to the comment left by "Eden Lan" at "28/04/2016 - 23:42":

Eden.

Thanks for that. The 118'ers are on it. Will see what we can do.

robert reinhart

Become a Member

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

Sign Up

11:55 AM, 29th April 2016, About 9 years ago

How is taxing a loss good for the Bank of England. Mark Carney at the B of E is worried about landlords getting in to financial trouble and being forced to sell in large numbers, or worse, having their properties repossessed. Taxing a loss is the most risky thing possible for the financial stability of the housing market / economy.

His dumb policy is actually going to increase the risks, not decrease them!! George Osborne, if you are reading this - leave financial policy to Mark Carney, you're a historian graduate mate, you ain't got a clue about finance!!

Matthew Stuart Haig

Become a Member

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

Sign Up

18:15 PM, 29th April 2016, About 9 years ago

Reply to the comment left by "NW Landlord" at "28/04/2016 - 18:07":

So after further investigation and discussions with MS it appears we will be stamp duty exempt on the transfer as we have had a property management partnership in place for 7 years so that is fine, phew!

money manager

Become a Member

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

Sign Up

16:34 PM, 30th April 2016, About 9 years ago

Reply to the comment left by "stuart edwards" at "29/04/2016 - 09:31":

I wasn't putting it forward as a strategy but rather to highlight the absurdity of taxing both the landlord/borrower on gross turnover AND the lending institution on interest received. In anyone's book that's double taxation.

Simon Hall

Become a Member

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

Sign Up

0:29 AM, 1st May 2016, About 9 years ago

Guys, I need a favour from you. Does anyone have "Information for tenants leaflet from my deposits" however 2010 version not the new one.

As I need to produce this with my tenant eviction however I do not seem to have one. If anyone has a copy, I shall be most grateful, if you could kindly email me on following address:
hallsimon509@gmail.com

Your anticipated help is most appreciated.

Thanks

Simon

mark andrews

Become a Member

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

Sign Up

1:40 AM, 1st May 2016, About 9 years ago

Reply to the comment left by "S H" at "29/04/2016 - 18:15":

Hi SH,

Good news. It sounds like you found a solution! Did you need to convert your mortgages to business mortgages? Are the mortgages now held in your limited company's name?

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