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

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


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Gromit

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15:06 PM, 11th July 2016, About 9 years ago

Reply to the comment left by "Simon Williams" at "11/07/2016 - 14:46":

Simon

Great letter, I would like to emphasise the singling out of encumbered private Landlords vs corporate/unencumbered Landlords, as being uncompetitive, especially as they are already paying tax at 40/45% on their profits already.

Where are you intending to get it published? (other than here)

Markb

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15:52 PM, 11th July 2016, About 9 years ago

Reply to the comment left by "Dr Rosalind Beck ." at "09/07/2016 - 13:34":

Anyone got a list of the committee members and their e-mail addresses so we can submit directly to them

Simon Hall

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17:32 PM, 11th July 2016, About 9 years ago

I was speaking to my Mortgage Broker and he has told me that, around 88% of Landlords voted for Brexit as they were so annoyed with George Osborne policies. So if my calculation is right this equates to 1.88 Million (1 Million 8 Hundred and eighty eight thousand) and they lost by 1.7 million votes.

So, if Osborne kept landlords happier, he would have been in job so would Cameron and most importantly the country would not have been led to Brexit.

Never underestimate the power of small army of Landlords.

Gromit

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17:38 PM, 11th July 2016, About 9 years ago

ZReply to the comment left by "Barry Fitzpatrick" at "11/07/2016 - 15:06":

Sorry I meant to say anti-competitive not uncompetitive

Also Leadsom owns properties through a company so will benefit from the the PRS being hammered.

Simon Hall

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17:54 PM, 11th July 2016, About 9 years ago

Reply to the comment left by "Barry Fitzpatrick" at "11/07/2016 - 17:38":

Barry, since you seem clued up. Do you think George Osborne will keep his job under May's leadership?

Simon Williams

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17:54 PM, 11th July 2016, About 9 years ago

Reply to the comment left by "Barry Fitzpatrick" at "11/07/2016 - 15:06":

Thanks Barry. I left out the discrimination point (which is a very valid one of course), figuring that Leadsom might be a corporate landlord with very little debt! But hopefully it won't make her a fan of Osborne's. If I ever get a reply, I will report back.

I am not sure which other sites to post it on. Might put it on the UPAD site and Landlord Zone. Any suggestions, let me know.

Simon Hall

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18:06 PM, 11th July 2016, About 9 years ago

I just read on Independent it might be Philip Hammonds who becomes a Chancellor. He has some BTL properties.

Gromit

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18:27 PM, 11th July 2016, About 9 years ago

Reply to the comment left by "Simon Hall" at "11/07/2016 - 17:54":

@Simon

I've no crystal ball unfortunately. And I don't know what the relationship between May & Osborne is like, or if May would prefer the continuity over everything else.

But given Osborne's extreme Remain campaigning he's hardly going to be seen as a unifying force, but he is a conniving and manipulative s**t. So I've no doubt he's been working overtime sucking up to May.

Mark Shine

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18:37 PM, 11th July 2016, About 9 years ago

Reply to the comment left by "Simon Hall" at "11/07/2016 - 18:06":

Hammond, Mr Philip (Runnymede and Weybridge)

8. Miscellaneous
‘I am a beneficiary of a trust which owns a controlling interest in Castlemead Ltd, a company engaged in construction, housebuilding and property development.’

Source: http://www.publications.parliament.uk/pa/cm/cmregmem/160627/160627.pdf

Simon Hall

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18:45 PM, 11th July 2016, About 9 years ago

Reply to the comment left by "Mark Shine" at "11/07/2016 - 18:37":

so he might be a good choice....:-)

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