Unjust new landlord tax

[BrilloPad]

Half a million landlords to be hit with 40pc tax raid under new rules

This is a disgrace! 40%?????

It should be 100% surely....

[barrydidit]

Didn't work too well in Ireland

Ireland's scrapping of buy-to-let tax is 'warning to Britain'

[vetran]

and behold all rental houses will be owned from abroad and no tax will be paid in the UK. Take that treasury.

Rents will double. Dicey tenants (NO DHSS or bad credit rating need apply Rich Russian gangsters welcome) will be unable to get a tenancy.


f3ckwits.

Build more houses have fewer people wanting them - sorted.

[scooterscot]

So rents will go up. Simple.

The person least able to protest pays the new tax. It's the Tory way.

[BrilloPad]

and behold all rental houses will be owned from abroad and no tax will be paid in the UK. Take that treasury.

Rents will double. Dicey tenants (NO DHSS or bad credit rating need apply Rich Russian gangsters welcome) will be unable to get a tenancy.


f3ckwits.

Build more houses have fewer people wanting them - sorted.

No houses can be owned from outside the UK. REntal or otherwise.

The UK is overcrowded already.

[vetran]

No houses can be owned from outside the UK. REntal or otherwise.

The UK is overcrowded already.

should not can

London property snapped up by overseas investors as domestic buyers pull out after Brexit | The Independent

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.

[scooterscot]

No houses can be owned from outside the UK.

Er cough..

Putting my rent up next year. Let them squeal.

[VectraMan]

No houses can be owned from outside the UK.

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.

[vetran]

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.

[eek]

Didn't work too well in Ireland

Ireland's scrapping of buy-to-let tax is 'warning to Britain'

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