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Debate House Prices
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Should landlords receive tax breaks..
Comments
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Cornucopia wrote: »The rental market is already operating as it should. The rents required are driven by competition in the rental market and the cost of funding mortgages for properties being let.
The rents required are also driven by housing benefits.
It brings demand to the houses where there wouldn't otherwise be demand leading to an upwards spiral in rental costs.0 -
No.
I thought HMRC was clamping down on them as many didn't pay what they should in the first place.
More property is undoubtedly needed in many areas but leaving it solely to the private sector is never going to make up the shortfall."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
I had a rather bizzare idea that instead of tax breaks, the money could be spent building state housing....
Rather stupid of me, but hey....0 -
Would this not make it harder for people who claim no benefit to rent privately, as there would be no tax incentive to let to them.
Or would they just have to pay more to cover the landlords loss.0 -
Graham_Devon wrote: »I had a rather bizzare idea that instead of tax breaks, the money could be spent building state housing....
Rather stupid of me, but hey....
Not bizarre. Common sense, which means they will try everything else first and waste shed loads of money before it registers."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Graham_Devon wrote: »...to let to people on housing benefits?
That's the question posed by the Guardian as a committe of london council leaders suggest proposing tax breaks to landlords if they take on those on housing benefits.
So....yes or no?
Does housing benefit itself go far enough? Or should we now pay the rent AND provide a tax break for the landlord receiving said rent money?
http://www.guardian.co.uk/housing-network/poll/2013/mar/13/landlords-tax-breaks-housing-benefit?commentpage=1
Maybe the thing to do is for the Local Authority to rent BTL houses long term and use them to house tenants (as they would with a council house. They would have to agree to return the property in the same condition as it was provided, but could negotiate a lower rent to the owner on the basis that the owner would have guaranteed occupancy.Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
Own_My_Own wrote: »Would this not make it harder for people who claim no benefit to rent privately, as there would be no tax incentive to let to them.
Or would they just have to pay more to cover the landlords loss.
If people can't rent them profitability then they would sell them.
With more property available then prices may well fall. As available mortgage funding is limited.
Lower house prices would result in lower rents.
Until the UK's obsession with property and debt is broken. Then the market will remain broken.0 -
Maybe the thing to do is for the Local Authority to rent BTL houses long term and use them to house tenants (as they would with a council house. They would have to agree to return the property in the same condition as it was provided, but could negotiate a lower rent to the owner on the basis that the owner would have guaranteed occupancy.
This already happens doesn't it? For those landlords who want to take on such a scheme. It provides guaranteed rent, but at a lower rate. Many landlords simply won't accept the lower rate.
Having said that, maybe more landlords would accept it if they started finding it hard to rent to private renters.0 -
Thrugelmir wrote: »If people can't rent them profitability then they would sell them.
With more property available then prices may well fall. As available mortgage funding is limited.
Lower house prices would result in lower rents.
Until the UK's obsession with property and debt is broken. Then the market will remain broken.
That wasn't my point. You need to re-read my post.
And my landlord let to me because he couldn't sell the property for the amount he wanted.0 -
Renting to tenants on benefits is sometimes out of the LL hands, conditions of buy to let mortgages and landlord insurance often wont allow it.Be Alert..........Britain needs lerts.0
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