The economy and the autumn statement

CLAPTON

HENRY78 wrote: »

I should make myself clear that I know a lot of tax avoiders not tax evasion. For me both are serious, That's me giving the moral high ground though.


With regards to tax avoidance I know every trick in the book.

ok I own up : I do use my ISA allowance

PS : are you making money out of these vile scum?

chucknorris

HENRY78 wrote: »

I should make myself clear that I know a lot of tax avoiders not tax evasion. For me both are serious, That's me giving the moral high ground though.


With regards to tax avoidance I know every trick in the book.

The fault (if that is the right word, probably not) of legal tax avoidance is the Gov, not the individual, there is nothing wrong with making sure that you benefit from the rules. It is those that break the rules that are the problem.

Edit: I'm beginning to wonder if you are real, your logic is really mixed up, you sound so naive, almost like a child with your attitude to tax avoidance.

chucknorris

CLAPTON wrote: »

ok I own up : I do use my ISA allowance

PS : are you making money out of these vile scum?

I reckon you probably also have an pension, and you have claimed pension tax relief! Go on admit it! We all know anyway.

CLAPTON

chucknorris wrote: »

I reckon you probably also have an pension, and you have claimed pension tax relief! Go on admit it! We all know anyway.

shhhhh ; you don't have to tell everyone

Thrugelmir

chucknorris wrote: »

We put up all our rents when the last tax changes were announced. We prefer to rent under the market rent, but we decreased the margin that we rent under the market rent. We might even still be able to maintain that same margin, if other landlords also increase their rents.

As and when interest rate rise there'll then be plenty of LL's with no further headroom to increase rents further. The furore over the tax changes suggests many are simply unprepared. ( I appreciate that your good self won't have this issue to face).

BarryBlue

HENRY78 wrote: »

Barry Blue,

Are you happy with the way you earn your money? Just curious.

Its a start but my thoughts are that its too little. I personally would tax Landlords to the hilt!

Yes, I am. It is an investment for retirement which we have worked hard for over the years. It gives a better return than banks, so why would I not buy property? It is also putting property on the market for people who cannot, or do not wish to buy. It is a two way arrangement that works for me and works for my tenants.

Why do you have a problem with it? Remove rental properties from the market and what do you achieve? Just curious too.

HENRY78 wrote: »

The problem I have with Landlords with property portfolios is that these individuals have done absolutely nothing to obtain their wealth other than pure luck.

Absolute rubbish! How do you know how I have acquired property? You are way off the mark.

BarryBlue

mwpt wrote: »

What sort of charity business are you running that you aren't charging the maximum you can already?

Not a charity at all, but neither am I an exploiter. Many landlords will tell you that it pays to be competitive and keep tenants for longer, rather than price at the top of the market and risk voids. A good managing agent will advise on a suitable rent within a margin, and will get you good, reliable tenants. It depends where in the market your properties are.

I haven't done any sums yet, and will probably leave that to others. But this tax (or any) on landlords can only be paid for ultimately by tenants, so it helps nobody. I have no problem with CGT on sold properties, however. None of my properties are mortgaged, which also helps.

chucknorris

Thrugelmir wrote: »

As and when interest rate rise there'll then be plenty of LL's with no further headroom to increase rents further. The furore over the tax changes suggests many are simply unprepared. ( I appreciate that your good self won't have this issue to face).

Ahh, damn you! You stopped me retorting with (well almost), that that is their problem not mine. As selfish as it sounds I only invested for me and my family, not others.

vivatifosi

I thought that this thread was about the Autumn statement and the economy, not whether BTL is evil.

#cantfindtherightthread
#confused

chucknorris

vivatifosi wrote: »

I thought that this thread was about the Autumn statement and the economy, not whether BTL is evil.

#cantfindtherightthread
#confused

Well personal agendas can and will unfortunately lead us astray.