Summer Budget 2015 – Landlords Reactions

100% what I have learnt is we are run by muppets born into power through some route and u have to look after ur family and inner circle to survive that's the way I see it after this last 18 months of sustained attacks by this Tory gov

Yes, I think there is something in the make-up of many politicians that is distasteful, possibly even psychopathic (but not in the axe-wielding sense). I don't like to generalise as it's not good to tar a whole group with the same brush - and when ignorant, violent people get influenced by this it can be lethal, as we know - but I think we have all had our eyes opened to what a flakey lot many of them are (I had a letter off my Labour MP this week, regurgitating the usual Treasury sophistry, when he was supposed to be on our side!).

I would love to be able to work out how many of them were in politics for what we might consider to be laudable motives (people for example who might not like the limelight but had forced themselves out into it in order to serve their communities) and how many are in it for very different reasons (I'll place a completely unsubstantiated, intuitive guess as a 1:9 ratio).

I'm also not sure how many are simply unintelligent or how many are just willing to spout something they know to be a lie. I wrote to Lord Bourne of Abergavenny this week following some nonsense he spouted in the Lords about s24. I told him it must not have been explained to him properly (!) as it was not going to affect those who could 'afford it,' being a tax on finance interest and not profit. I suggested he read my report - which I had already sent him two months ago - as he would then understand it (lol).

It's very disappointing though to find such an absence of honour and decency in many of these politicians - and these are the people whom we have to deal with.

They are a waste of time and space gotta look after ur own in this modern world unfortunately

NW Landlord is of course quite right. It seems that no amount of protest, MP meetings, emails, letters, Judicial Review, independent professional opinions, campaigns, petitions, RLA/NLA Treasury meetings, common sense etc will interrupt the forthcoming S24 nightmare - mainly through the complete ignorance and indeed negligence of the political elite but also because quite simply apart from leveraged landlords nobody else really cares !

As NW Landlord says now is the time for landlords to make their own preparations for survival alongside continuing to spread the message. It will only be when the problems that we all intelligently anticipate become so blindingly obvious that they can no longer be ignored that something will be done. Sadly this will be when many tenants have become displaced through no fault of their own and/or faced rent rises the like that has never been seen before.

PS wrote to UKIP the other day to ask about their Housing Policies and briefly outline the angst that PRS providers face - no reply yet. Will be interesting to read their reply, if I get one.

I would just like to say I am not being defeatist or negative just facing the reality that this unfair and unjust attack is going to happen and will only be reviewed once damage has been done. Energies now need to be focused on sorting your own ships out as there are options. I would also like to add that the work done and being done is top drawer it's just we arnt dealing with like minded people the fact most don't even know much about it or when it even starts is deeply worrying as these people are the ones voting in policies that can have such a devastating impact without even understanding what they are voting for u couldn't make it up

Just had a thought. Capital Gains tax paid as a result of transferring property to a limited company is effectively tax paid in advance of a final sale. Income tax paid as a result of section 24 is money down the drain.

I just cannot believe what I just read:
http://www.telegraph.co.uk/business/2016/12/17/put-less-money-housing-saving-says-philip-hammond/?WT.mc_id=tmg_share_tw
The scary thing is that person on the photo is in charge of UK finances! Does not seem to have a clue or background in economy. It only proves he is not any better than George-boy. So sad.

Reply to the comment left by "Whiteskifreak Surrey" at "19/12/2016 - 15:27":

With the price of property as high as it is where does he think "The man on the Clapham omnibus" is going to get the money to save?

The below petition against Section 24 has generated over 1000 signatures...

https://www.change.org/p/the-chancellor-of-the-exchequer-stop-the-mass-tenant-evictions-and-forced-rent-increases-caused-by-section-24/

Please can everyone on Property118 take a moment to sign and share it.

Will do but really don't think it will do any good sorry