BTL: Political Risk

kinger101

kabayiri wrote: »

Interesting you mention Tesco. They tried to arrange a property sale & leaseback deal on their stores via a Jersey PUT (a sizeable amount). The revenue had tried to close that loophole and a court battle ensued.

It would seem reasonable to me that the government provided transitional support for existing landlords to ease the CGT/SDLT burden; but then, I'm not the government.

If I were a landlord here (which I'm not) I would expect predictability and stability from government policy. I'm not sure that's what you have got. I can see you have an issue.

I am not a landlord BTW. The CGT could be rolled over, and the SDLT temporarily exempt. But this isn't really about making renting or home ownership more affordable. It's about raising taxes. With all the bad press toward the BTL sector, Osborne gets to bring in a tax and claim he is doing for the benefit of those wishing to buy their own home.

It doesn't create any more houses, or reduce the demand for them. The treasury just gets some CGT and SDLT in the interim period when leveraged LL dispose of their assets. Possibly a bit more IT too where those LL that can raise rents do. He's very shrewd.

kabayiri

kinger101 wrote: »

...
It doesn't create any more houses, or reduce the demand for them. The treasury just gets some CGT and SDLT in the interim period when leveraged LL dispose of their assets. Possibly a bit more IT too where those LL that can raise rents do. He's very shrewd.

I agree on the shrewd point.

Dan83

Mistermeaner wrote: »

Cutting pension tax relief would really p I ss me off - particularly while the public sector still enjoy ludicrously generous schemes they don't pay for.

I have worked in the public sector for8 years, I have always payed towards my pension, I pay about 8.5% of salary. The employer contribution is quite abit less, about 3.5%.

Don't always believe what you read in the papers.

kinger101

Dan83 wrote: »

I have worked in the public sector for8 years, I have always payed towards my pension, I pay about 8.5% of salary. The employer contribution is quite abit less, about 3.5%.

Don't always believe what you read in the papers.

The employer contribution sounds low. Are you sure that's correct?

CLAPTON

Dan83 wrote: »

I have worked in the public sector for8 years, I have always payed towards my pension, I pay about 8.5% of salary. The employer contribution is quite abit less, about 3.5%.

Don't always believe what you read in the papers.

public sector schemes cost about 25% of salary to provide (depending upon which fund you are in)
so it would be every unusual to have a cost of only 11%

who do you work for ?

BananaRepublic

Sapphire wrote: »

With regard to the degree, far fewer people went to college or university when higher education was paid for by grants. It would be simply impossible for taxpayers to fund all the people who currently seem to want a college education (some would probably be far better off doing apprenticeships). So this factor is irrelevant, really, to the subject in question.

Your first points are obvious. My point was relevent to the thread, it explains why young people have less spare cash today. Your post was unnecessary, really.

BananaRepublic

kinger101 wrote: »

The employer contribution sounds low. Are you sure that's correct?

It could be a defined contribution scheme, public sector pensions are changing for newer members.

michaels

Dan83 wrote: »

I have worked in the public sector for8 years, I have always payed towards my pension, I pay about 8.5% of salary. The employer contribution is quite abit less, about 3.5%.

Don't always believe what you read in the papers.

I think the comments were about DB schemes not DC schemes

kinger101

BananaRepublic wrote: »

It could be a defined contribution scheme, public sector pensions are changing for newer members.

The changes are mostly from final salary to career-average salary. A 3.5 % ER contribution is low in either DB or DC.

Mistermeaner

Dan83 wrote: »

I have worked in the public sector for8 years, I have always payed towards my pension, I pay about 8.5% of salary. The employer contribution is quite abit less, about 3.5%.

Don't always believe what you read in the papers.

Dc or DB?

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