But to let landlords panic on radio (Moneybox)

brit1234

Landlord and Landlord Association get owned by Radio 4 presenter and get to sound like greedy cry babies.
:rotfl:

Link below at start of program.
http://www.bbc.co.uk/iplayer/episode/b00sb0gz/Money_Box_15_05_2010/

new_home_owner_3

lol:D:D very good:j

Doctor_Gloom

brit1234 wrote: »

Landlord and Landlord Association get owned by Radio 4 presenter and get to sound like greedy cry babies.
:rotfl:

Link below at start of program.
http://www.bbc.co.uk/iplayer/episode/b00sb0gz/Money_Box_15_05_2010/

They've had it too easy for too long. Hopefully this is merely the start of a more just taxation regime for multiple home speculators.

new_home_owner_3

Doctor_Gloom wrote: »

They've had it too easy for too long. Hopefully this is merely the start of a more just taxation regime for multiple home speculators.

I think we should set fire to them:cool:



maybe we can dunk them in lakes like what they used to do with witches?



lol

PasturesNew

Hardly panic .... it was one woman caller who said she'd bought a flat to rent out so she could cash it in as her future pension ...

I'd expect a panic to have been swathes of callers about to be made bankrupt, not one random woman who might at some future point be taxed a bit more than she expected.

The presenter did point out that the new expected CGT rules are just going back to how it was in 1998 - and therefore people such as BTL LLs have therefore had a little bonus the past 12 years ... and people shouldn't rely on things staying the same in any long-term game.

LydiaJ

What surprised me was that the presenter referred to "some people think that BTL is to blame for the rise in house prices, which has been so damaging to FTBs" OWTTE. Usually the media assume that high HP are good, or they specially mention people who don't like high HP (like the "priced out" group) as an unusual minority. This kind of presenting, where excessive HPI is assumed to be bad, is new to me.

Generali

LydiaJ wrote: »

This kind of presenting, where excessive HPI is assumed to be bad, is new to me.

It's normal in France and Australia. Esp France.

abaxas

Hopefully this is the start.

Tax the unproductive, tax breaks for wealth creating productive businesses.

It's the only way to kickstart our battered private sector.

Cleaver

LydiaJ wrote: »

What surprised me was that the presenter referred to "some people think that BTL is to blame for the rise in house prices, which has been so damaging to FTBs" OWTTE. Usually the media assume that high HP are good, or they specially mention people who don't like high HP (like the "priced out" group) as an unusual minority. This kind of presenting, where excessive HPI is assumed to be bad, is new to me.

I normally listen to Moneybox as a podcast during the week's travel to and from work, so didn't hear it today. I imagine this ethos and view on the programme is mainly from Paul Lewis, who I have to say is one of my favourite presenters. Quite an 'alternative' guy from what I can see, and he likes to say it how he sees it whilst keeping quite a bit of balance.

It's just my opinion, but I've listened to Moneybox throught the financial crisis and you can just tell from things he says that he still thinks the country is in deep trouble and is always quick to question the mainstream view (whilst not turning in to a ranting moron like all those people in Asheron's videos). I'm a fan and his website is here if you want find out a bit more about him.

Whilst we're on this subject, it's people like him that make me wonder what planet people are on when they say the BBC is 'ramping' house prices. He's always quick to say how silly they are and the two presenters on 'Wake Up To Money' (another great show that ad9898 turned me on to when he mentioned it on here) are always quite sceptical (yet balanced) about all the rises we've seen in equities and property over the past year or so, especially Mickey Clarke. That's another good podcast listen by the way.

tara747

LOL!!!!!!!!!!!! Classic.

Cleaver

Doctor_Gloom wrote: »

They've had it too easy for too long. Hopefully this is merely the start of a more just taxation regime for multiple home speculators.

<sigh>

I've said it once and I'll say it again. BTL is a business, and therefore is (and should be) taxed in the same way as any other business. Care to explain in what ways landlords 'have it easy' with regard to taxation in comparison with any other business or someone who completes a self-assessment form? They are subject to the same tax rules as anyone else who generates an income on something.

Anyway, if you raised taxes on BTL then a few things may (would) happen. Less people would declare their tax or people would simply raise the rent to cover additional tax, for example. Wouldn't do anyone any favours.

Now, I do think there should be far tighter controls over landlords and way more visability for tenants about checks, consents to let etc. This would make renting an easier and more pleasurable experience, and would also benefit the landlords who do things properly. But changing the tax system for just one business, namely because you don't like it, is dumb. I don't like Tesco but I choose to show that by not shopping there, not by calling for a random Tesco tax to be introduced.

F**k me, there's a lot of threads about BTL and landlords today isn't there?