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New government policy: Will buy-to-let investors lose out?
Comments
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Increased costs to the landlord = increased costs to the tenant.
Higher taxes benefit neither party (landlord or tenant).
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
Unlikely. They are going to count ALL second homes under the CGT rules.
Hahahahahaha
How do you know that? and even if it is true it is irrelevant to the point he was making.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Graham_Devon wrote: »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.
Dev trouble causing again
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
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Your other has just reminded me.... Yes, they will be. LHA is sure to be reviewed, and you'd like to think those great minds in government would figure its an easy cut...We cannot change anything unless we accept it. Condemnation does not liberate, it oppresses. Carl Jung
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there is isn't there...
the only people that give a to$$ are Dr Edit and Devon
i thought that it was great advice and 100% legal - it was very MSE to save some money :T
Not allowed to give advice on here Chucky, call it thinking allowed 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Would you care to explain why hallmark, who is impartial, wrote this in response to your original post (before you hurriedly edited it). He read your post advocating fraud also. I suppose he's making it up too, is he? When you're in a hole, stop digging.there is isn't there...
the only people that give a to$$ are Dr Edit and Devon
i thought that it was great advice and 100% legal - it was very MSE to save some money :TLegal loopholes or methods of tax avoidance are one thing. Defrauding the Govt by pretending you've lived somewhere in order to evade tax would be pretty low on my list of things to do. Actually you'd be better off robbing a bank, probably get dealt with more leniently if you got caught...0 -
seeing that the topic of this thread was being purposely diverted by the usual frothers on this forum...
below is the original post with some good money saving advice in typical MSE style for a landlord looking to me more tax efficient...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
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The vast majority of BTL either can't sell or don't want to sell. Nothing much will change.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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