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

Kathy Evans

Become a Member

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

Sign Up

19:16 PM, 19th July 2015, About 10 years ago

Reply to the comment left by "Appalled Landlord" at "19/07/2015 - 18:24":

That's a really good letter.

Lisa S

Become a Member

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

Sign Up

19:20 PM, 19th July 2015, About 10 years ago

Reply to the comment left by "Appalled Landlord" at "19/07/2015 - 18:24":

Brilliant letter!

I have written personalised emails to George Osborne, Christopher Chope (my MP),Brandon Lewis,Nick Boles, Anna Soubry, Sajid Javid, also the MP's where I have property, Theresa May and Vivendra Sharma (Labour). The last two probably won't respond as I'm not a constituent...although I used to be. Can but try!

Lisa S

Become a Member

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

Sign Up

19:29 PM, 19th July 2015, About 10 years ago

Reply to the comment left by "Anne Nixon" at "19/07/2015 - 19:11":

Another brilliant letter!

Appalled Landlord

Become a Member

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

Sign Up

19:38 PM, 19th July 2015, About 10 years ago

Reply to the comment left by "Ros ." at "19/07/2015 - 18:49":

Thanks Ros
My MP is Labour., so I doubt if it's worth it.

Dr Rosalind Beck

Become a Member

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

Sign Up

19:38 PM, 19th July 2015, About 10 years ago

Reply to the comment left by "Anne Nixon" at "19/07/2015 - 19:11":

Lovely letter Anne. And different from the other ones, which is great. It's really good for us to have different emphases. I think people are coming up with some really creative ideas - it's good you talked about the plumber with the van for example. The thing is there are so many angles on this and so many contradictions and repercussions - I really hope the message is getting through somewhere. I know it's early days, but I've had no replies yet from anyone.

Dr Rosalind Beck

Become a Member

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

Sign Up

19:43 PM, 19th July 2015, About 10 years ago

Reply to the comment left by "Appalled Landlord" at "19/07/2015 - 19:38":

Hi Appalled. It might not hurt though. My MP is Labour - and I thought he would be really left wing and anti-landlord, being in a Labour stronghold, but he isn't at all. I'm actually hoping he might come through better than the Tory Ministers on this. Wouldn't it be ironic to have Labour MPs arguing against this?
Basically, we need to find a few champions - a few people who don't say black is white, but can see the madness of this and be willing to speak up. That's why it's good we are spreading our net in terms of us all having different MPs, but also focusing on trying to get at the Cabinet, specifically all these so-called business ministers.

Dr Rosalind Beck

Become a Member

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

Sign Up

19:49 PM, 19th July 2015, About 10 years ago

Another idea:
I wrote to the Daily Mail yesterday, trying to persuade them to do a front page story on this, and have heard nothing. I'm going to try other newspapers this week, working downwards according to circulation and whether I think they would support us. It wouldn't hurt if others also did this - using the letters already sent to MPs, but just amending where necessary. I kind of think I should give each one 48 hours to respond before moving on to the next one. I should do The Sun first, but haven't yet decided when to try them. The order I am doing is: Daily Mail; Daily Telegraph, (The Evening Standard is next but I don't live in London and would prefer someone else to do that one); Daily Express; (next should be Daily Star, but I'm not keen); The Times; the FT (that should maybe go higher up); the Independent.
I will also approach the Sunday papers.
As I say, it would be great if some of you could whip off a few of your excellent letters to these as well.

Appalled Landlord

Become a Member

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

Sign Up

20:25 PM, 19th July 2015, About 10 years ago

I have just sent a PS to George, with copies to Anna, Nick and Sajid:

Dear Mr Osborne

In my email this afternoon I forgot to include the effect that this change would have on someone who has many properties. One landlord published his figures on a forum discussing this subject and asked what the effect would be.

His rental profit is £72k after deducting interest of £82k. He has no other income. Currently his tax is £18k, which is 25% of his real income.

If interest were disallowed his tax (after deducting interest “relief” of £16k) would be £40k, which is more than double the current tax and is an astonishing 56% of his real income.

Is this what you intended?

Yours sincerely

Dr Rosalind Beck

Become a Member

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

Sign Up

21:01 PM, 19th July 2015, About 10 years ago

Nice one Appalled.

Appalled Landlord

Become a Member

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

Sign Up

21:13 PM, 19th July 2015, About 10 years ago

Reply to the comment left by "Ros ." at "19/07/2015 - 21:01":

Thanks. You can call me Pall.

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