Not a time to be a buy-to-let landlord

cells

...

antrobus wrote: »

Oh, good grief! So we now have to add 'life insurance' to the ever-lengthening list of things you don't understand?:rotfl:

...


:rotfl:

Electrum

Electrum wrote: »

http://moneyweek.com/not-a-time-to-be-a-buy-to-let-landlord/

Try to sell now, take the pain or it will be far worse the longer you leave it.

Cash strapped governments need an easy target, oh there you greedy LandLords !!!!!!!!!!!

The trend is clear, tax the hell out of landlords........BAHAHAHAHA

About time.

Then there will be RENT CONTROLS they will be set similar to the broad market areas allowances already set for each area.

The maximum rent Landlords can charge wil only be for the really great properties, the lass than great properties will have to lower the asking rents or they will never find tenants.

Many LLs will be forced to sell, brining in huge CAP gains profits for the government.

This is the thing many perma prob bulls overlook, the government would love a house price crash if it means mass selling properties and huge income in the form of cap gains.

This is how the government will profit from the housing bubble that they caused.

ukcarper

Electrum wrote: »

The trend is clear, tax the hell out of landlords........BAHAHAHAHA

About time.

Then there will be RENT CONTROLS they will be set similar to the broad market areas allowances already set for each area.

The maximum rent Landlords can charge wil only be for the really great properties, the lass than great properties will have to lower the asking rents or they will never find tenants.

Many LLs will be forced to sell, brining in huge CAP gains profits for the government.

This is the thing many perma prob bulls overlook, the government would love a house pric crash if it means mass selling properties and huge income in the form of cap gains.

This is how the government will profit from the housing bubble that they caused.

If property prices crash will there be any capital gain for the government to tax.

buglawton

Many countries in Europe have rent controls and the law biased in more in tenants favour than in UK. But landlords are also generally quite happy.

Why?

Permanently low property prices in most areas where there are jobs to be had. E.g. in Germany there's a moderate profit in BTLs. Because they are cheaper to buy in the first place. And even some decent tax incentives for companies that hold groups of BTLs.

The courts firmly enforce tenants rights, but are equally firm in enforcing against defaulters or antisocial tenants.

Thing is, the UK couldn't get there from here.

Graham_Devon

ukcarper wrote: »

If property prices crash will there be any capital gain for the government to tax.

There should be considering the rise in prices over the last 15 years.

That is, of course, unless the majority of landlords have been continually leveraging themselves.

mwpt

Graham_Devon wrote: »

There should be considering the rise in prices over the last 15 years.

That is, of course, unless the majority of landlords have been continually leveraging themselves.

Even then, they still have to pay capital gains because it'll be based on initial purchase amount, not the amount they remortgaged at. Makes you wonder how the highly leveraged would cope with a prolonged drop in prices, however slight, in respect to lending regs.

ukcarper

Graham_Devon wrote: »

There should be considering the rise in prices over the last 15 years.

That is, of course, unless the majority of landlords have been continually leveraging themselves.

Depends on size of crash and as you know BTL has been increasing so if there was a crash later entrants could have no capital gains.

Still there isn't going to be a crash caused by the things Electrum said as they wont happen.

buglawton

Article in yesterday's Guardian
Ignore the landlord-martyrs: it’s time for the Bank to intervene over buy-to-let
http://gu.com/p/4f8hd?CMP=Share_iOSApp_Other
The comment about Germany is what I mentioned in post #125

Garethgrew

Graham_Devon wrote: »

There should be considering the rise in prices over the last 15 years.

That is, of course, unless the majority of landlords have been continually leveraging themselves.

Even if they have, the amount property has gone up since 1990s there will be considerable cap gains taxes owed to the government in the even of mass forced selling by LLs.

Apathy

I read in an article that if your not paying 40% tax bracket (and if your total income from the rent and your jobs salary dosent exceed it either) this dosent affect he tax reflief on people in the 20% tax bracket unless i'm mistaken? Obviously the stamp duty and wear and tear has changed but that's not my point.