Question: how does increasing tax on landlords help tenants? (Answer: it doesn’t)

Honestly, some very odd comments on the ways the tax changes will impact on landlords: here’s a prize from the Office for Budget Responsibility, the body that monitors Treasury activities and ensures feasibility of tax policy in economic terms: “It is expected that 1 in 5 individual landlords will receive less relief as a result… Continue reading Question: how does increasing tax on landlords help tenants? (Answer: it doesn’t)

Alice in Wonderland tax facing a legal challenge

A call for £50,000 of funding for a legal challenge to the Chancellor’s tax grab on landlords on Boxing Day was successfully reached by the end of the Christmas/New Year break. Steve Bolton, who runs a buy-to-let training franchise company, had commented:  “It’s not clear why the Government has chosen to just launch an attack… Continue reading Alice in Wonderland tax facing a legal challenge

Another week, another scare story…

This week it is coming from Merryn Somerset Webb, a journalist on Money Week. She is basically picking up on and repeating the running story from the Telegraph that I have commented on in recent weeks; the blog is reached here: http://moneyweek.com/merryns-blog/buy-to-let-dont-do-it/ Now, for my taste Money Week is often a little shouty about risk… Continue reading Another week, another scare story…

Rent Rises for Leicestershire…but not a whole lot to write home about

It obviously depends what side of the debate you sit on, as no rise is welcome to a tenant. On the other hand, the latest figures from the Office for National Statistics suggest the pressure is nothing like as great as the hype would have us all believe (Index of Private Housing Rental Prices, July… Continue reading Rent Rises for Leicestershire…but not a whole lot to write home about