BTL: Political Risk

mwpt

cells wrote: »

its a dumb tax there is no arguing its a smart tax

Landlords with mortgages will indeed have to pay a lot more tax and over the years as the company mortgage market develops and gets more competitive I suspect there will be a shift to owning homes within companies. Long term that will be worse for the public as companies pay 18% corp tax as opposed to 40/45% income tax and as companies get indexation relief and more likely as companies hold on indefinitely to property while your hated human landlords can only hold on so long.


oh and you have this the wrong way around, you need a removal of mortgage rationing so people with little to no capital can compete with people who do have capital. If you restrict mortgages for landlords all that will happen is landlords who buy with equity will step in rather than landlords who buy with debt. Already more than 75% of the growth in the rental stock is outside of BTL-Mortgage-Purchases

Yawn. Same old same old cells.