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)
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
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
Buy to Let investment. It’s a good idea, despite what some politicians say!
This tax change thing keeps growing, as people begin to realise the implications of George Osborne’s tax hike for landlords in the July Budget. The Telegraph story today explains how the banks (through the Council for Mortgage Lenders, the CML) are responding to what the taxman is doing. They don’t see the issue the same… Continue reading The banks and the taxman, your two favourite people