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Nationwide: BTL sector should receive tax breaks

2»

Comments

  • B_Blank wrote: »
    The day BTL people receive tax breaks......I dont know what I will do but I will be seriously ANGRY

    Become a landlord, and rent the house to yourself/ partner for £1 per month?
  • julieq
    julieq Posts: 2,603 Forumite
    B_Blank wrote: »
    The day BTL people receive tax breaks......I dont know what I will do but I will be seriously ANGRY

    Blanky is seriously ANGRY every day, so that's hardly going to change anything is it? :rotfl:

    BTL has tax breaks anyway, you can offset costs (including interest payments) against profit, same as any business. No real need for any more.
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    julieq wrote: »
    Blanky is seriously ANGRY every day, so that's hardly going to change anything is it? :rotfl:

    BTL has tax breaks anyway, you can offset costs (including interest payments) against profit, same as any business. No real need for any more.

    I suspect this is probably meaning the recommendations within the Rugg Review which (if my memory is correct) was that landlords should be able to claim 'improvements' against income tax (so they do not have to wait until eventual disposal to claim against CGT).

    Not a bad idea really as it encourages landlords to improve the property for their tenants.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    is it not BTL buyers who are pricing FTB out of the market, so dave the plumber instead of paying £90k for a two bed terrace, now has to pay £130k, because the buy to let sharks keep on snapping up houses otherwise suitable for FTB

    BTL did not replace the social housing that was sold off by the government.
    There is less rental properties today than there was 20 years ago as a percentage of total property stock.

    The problem is not BTL, it's the lack of property supply.
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
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