New government policy: Will buy-to-let investors lose out?

Exocet

chucky wrote: »

lucky this post got caught in the cache - where's this one got to queen of edits or should i call you Doctor Edit

Well, we seem to have moved on from the election and back to good old House Prices and Economy stuff once again.

Call him Dr. Edit, it's more formal.

chucky

Graham_Devon wrote: »

So accountants tell you to pretend?

New one on me!

and where did the post say that - you're making things up again...

chucky wrote: »

lol - here's a tip for any BTLer out there.

live in the rental property for a short time (6 months i think it is) then you have 3 years PPR on it then you can sell it without having to pay Capital Gains Tax for 3 years. after the 3 years are up you get a further allowance of up to £40k where you don't pay Capital Gains Tax.

the other option that you have is run the BTL properties out of a Ltd Co - CGT is much lower there. you're also able to avoid paying large amounts of income tax and national insurance by paying yourself dividends instead.

there's always a way around all of these little changes in the law

still no view on on property and CGT - no i didn't think so...

Wookster

Graham_Devon wrote: »

So accountants tell you to pretend?

New one on me!

Accountants can be creative as well.

The penalty for such wayward behavior might range from being ostracized from one's brotherhood of fellow accountants to a compulsory stay, compliments of Her Majesty.

Doctor_Gloom

chucky wrote: »

and where did the post say that - you're making things up again...

still no view on on property and CGT - no i didn't think so...

You can lie all you want but several people saw what you wrote about advocating fraud before you edited your post. So you have zero integrity left.
I don't know why you're being so coy, you're a buy to let landlord, right? If so, you'd hardly be the first to commit or advocate fraud, would you?

StevieJ

Graham_Devon wrote: »

So accountants tell you to pretend?

New one on me!

And some mortgage brokers say 'we will put you down for £100k a year then'

StevieJ

Doctor_Gloom wrote: »

You can lie all you want but several people saw what you wrote about advocating fraud before you edited your post. So you have zero integrity left.
I don't know why you're being so coy, you're a buy to let landlord, right? If so, you'd hardly be the first to commit or advocate fraud, would you?

Some nasty types on here.

Exocet

There's avoidance - perfectly legal, and evasion - certainly criminal.

But the pretending to live in one of these is surely known to anyone who owns one? Can you imagine though, leaving your nice family home and living in a one bed flat somewhere for six months, which you then have to sell, in order to 'maximise' profits. I wouldn't fancy it much.

nembot

Chucky slowly overtook me earlier and I was doing 87mph

Graham_Devon

chucky wrote: »

and where did the post say that - you're making things up again...

Hang on, are you REALLY relying on an edited post, which you edited after hallmark picked you up, and we can still see in a quote, to ask WHERE you said it.

PMSL.

mbga9pgf

97trophy wrote: »

That sounds like wishful thinking...this may just have the reverse effect of buy-to-let investors postponing supply thus pushing prices even higher. We just don't know.

Unlikely. They are going to count ALL second homes under the CGT rules.

Hahahahahaha