Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
They will either lie empty or be run from abroad. Once rental prices go through the roof then foreign investors will rent out. Bye bye any tax or obeyance of landlord laws.
Always forgive your enemies; nothing annoys them so much.
It's not rental property that's owned that is affected. It's BTL scum buying up property with borrowed money; something that's only viable because they get a gift from The Treasury that isn't available to other buyers.
At least it levels the playing field in the property market, which is a step in the right direction. It's fine talking about building new houses but it'll be the same BTLers that snap up the new houses, so nothing will change.
It's not rental property that's owned that is affected. It's BTL scum buying up property with borrowed money; something that's only viable because they get a gift from The Treasury that isn't available to other buyers.
At least it levels the playing field in the property market, which is a step in the right direction. It's fine talking about building new houses but it'll be the same BTLers that snap up the new houses, so nothing will change.
Those BTL scum are housing people who can't get mortgages. If they all went out of business tomorrow someone from china would buy their BTL & leave it empty.
Now if you blame them for the rise in house prices you are wrong, that is down to too little house building & too many people.
If you want to put BTLers out of business build more houses have fewer people seemples.
Always forgive your enemies; nothing annoys them so much.
It did actually - the actual Dublin rent figures showed that rental prices dropped as the tax was introduced. If I could be arsed I would link to the actual report not the inaccurate figures you quote which are a hotchpotch of stuff from the 90's and 2009 to justify the invalid argument
Given the inaccurate information on this thread I'll keep out of it but bp is correct no tax relief should be allowed on rental property investment to ensure a fair market
Comment