But to let landlords panic on radio (Moneybox)

DaddyBear

new_home_owner wrote: »

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

I'd go for burning, if I had to choose.

carolt

Gorgeous_George wrote: »

I like the proposals. They make the Tories unelectable.

GG

Bit late for that - I think you'll find they've already been elected.

I disagree - an excellent and overdue proposal.

madeupname1

92203 wrote: »

Greedy cow at the beginning, moaning that her BTL property was going to act as a second pension.


She should try being young, and not being able to afford a decent home to buy, and then facing the longer term uncertaintly of not having a decent pension when she retires.

I hope they get taxed to high heaven, I really do.

Why is it greedy to take personal responsibility for providing for your future, particularly when its clear that in the foreseeable future there will not be any state pension worth its name? Many private pension schemes as we know them are underfunded and at risk of insolvency so they can't be relied upon either. I suspect that the younger generation would equally complain if the state pension were raised to a decent living level because that would require a huge increase in taxes to support better pensions.

brit1234

DaddyBear wrote: »

I'd go for burning, if I had to choose.

You have to go for dunking,burning at the stake increases your carbon foot print.

nollag2006

Is this a "But to let landlord"?

LydiaJ

madeupname1 wrote: »

Why is it greedy to take personal responsibility for providing for your future, particularly when its clear that in the foreseeable future there will not be any state pension worth its name? Many private pension schemes as we know them are underfunded and at risk of insolvency so they can't be relied upon either. I suspect that the younger generation would equally complain if the state pension were raised to a decent living level because that would require a huge increase in taxes to support better pensions.

You have a point, but it's difficult not to regard BTL investors as greedy or taking advantage when you have to put up with hearing them gloat about "getting somebody else to pay their mortgage" which far too many of them do. It doesn't endear them to those who are tenants priced out of buying.

DavidLaGuardia

The-mouth-of-the-south wrote: »

For many amatur BTL Landlords who entered the market to geta 2nd pension - they will lose the lot.

How so?

Captial Gains falls on the amount they have made after expenses

Why should a gain from cpital be taxed less than a gain from income?

Also Bring back indexation relief for fairness in measuring the acxtual gain made (the taper relief was an arbritary nonsense).

puddy

im sure i read somewhere that if someone had a property as a pension investment, they could officially put it as part of their pension investment portfolio?? would they still be required to pay CGT? if my pension with a pension provider (havent got one unfortunately as cant afford it at the moment) made huge gains on the investment it makes, i wouldnt pay CGT on it would i?

brit1234

jenner wrote: »

im sure i read somewhere that if someone had a property as a pension investment, they could officially put it as part of their pension investment portfolio??

No, it was propposed but dropped due to considerable oposition about 2 years ago.

JonnyBravo

DaddyBear wrote: »

I'd go for burning, if I had to choose.

I'd simply extinguish said flames with some of my large supply of champagne.
Peasants.