We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Accidental landlord and new tax rules
Comments
-
It's all about responsibility and choices.
It's fine to choose to move and to choose to rent, but don't play the victim
Or to buy an identikit flat with relatively highish ground rent in order to make a quick buck perhaps?
Or perhaps pushing their affordability to the max thinking property is the way to make money?"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
The queue of gormless mouthbreathers trying to pick holes in someone's usage of a clearly defined and accepted term (as patiently explained by chucknorris) really sums up the calibre of regular posters here
If you like to sugar coat things, there's always Mumsnet???"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
really?The queue of gormless mouthbreathers trying to pick holes in someone's usage of a clearly defined and accepted term (as patiently explained by chucknorris) really sums up the calibre of regular posters here
and pray tell how have you answered the Op's post? Your entire posting history appears to comprise passing comment about other postsers, not actually helping the person asking the question to start with. I did, and in doing so I pointed out that the term "accidental LL" has no meaning in tax. It is chucknorris who chose to illuminate that "accidential LL" does have a meaning, but only when applied to mortgages - which was of course entirely (**)relevant to the Op's question about the changes in tax rules, as Chucknorris acknowledges in his final para.
PS. currently eating, so using my nose.0 -
Notwithstanding the fact that chucknorris' definition of accidental LL has zero relevance to this thread, I think the reason "Accidental LL" gets people's backs up is because it is always accompanied with "Can I get out of paying Tax", or "Oops I didn't protect the deposit" etc. I'm yet to see an "I'm an accidental LL but have fulfilled all my obligations and wish to continue to" thread.The queue of gormless mouthbreathers trying to pick holes in someone's usage of a clearly defined and accepted term (as patiently explained by chucknorris) really sums up the calibre of regular posters here
If you think posters here are dim try Discussion Time....0 -
If you let a property out that you own but don;t live in you are a landlord and subject to the new rules wrt tax and income thresholds etc0
-
since this thread has descended to pedantry, if you live in a property and take in a lodger you are .... a landlord :cool: . The status of "resident" LL does have implications for tax (and other things too)If you let a property out that you own but don;t live in you are a landlord and subject to the new rules wrt tax and income thresholds etc
also, you do not have to be an owner to be a LL, you would still be a LL if you sub let to a tenant, you would obviously in that case merely be a middleman / woman0 -
tim123456789 wrote: »you don't know that
Oh, we do.the mortgage could have ben "under water" at the time he needed to move, with the lender refusing to let him sell at their loss.
They still could have sold at their own loss.(and no, don't start to argue that he didn't need to move jobs)
Do we know how far the commute would have been?0 -
Bob_Bank_Spanker wrote: »Notwithstanding the fact that chucknorris' definition of accidental LL has zero relevance to this thread, I think the reason "Accidental LL" gets people's backs up is because it is always accompanied with "Can I get out of paying Tax", or "Oops I didn't protect the deposit" etc. I'm yet to see an "I'm an accidental LL but have fulfilled all my obligations and wish to continue to" thread.
If you think posters here are dim try Discussion Time....
It isn't my definition, I was quoting the treasury's definition. I think some posters seem to think that I support 'accidental landlords', but why would I? They are in direct competition with me, and are probably more likely candidates to give landlords a bad name (not that any extra help is needed for that).Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
Why does literally every thread you're involved in turn to your LL activity? I get it, you have a £5m portfolio and you're going to slowly liquidate over the next few years.chucknorris wrote: »It isn't my definition, I was quoting the treasury's definition. I think some posters seem to think that I support 'accidental landlords', but why would I? They are in direct competition with me, and are probably more likely candidates to give landlords a bad name (not that any extra help is needed for that).0 -
Bob_Bank_Spanker wrote: »Why does literally every thread you're involved in turn to your LL activity? I get it, you have a £5m portfolio and you're going to slowly liquidate over the next few years.
It is a thread about landlords! Why do you want to make things personal, how come you can post on this thread, but I can't? So far you are the only one to mention my portfolio, no one else (including me) was interested in talking about it.
But since you started, why on earth would I want to liquidate my portfolio? I'm only 59, far too young to move everything into cash. I couldn't liquidate it all, even if I wanted to, some of it is invested in DB pension. In fact, I invested a substantial amount only a few hours ago into one of my etf's.
You only (supposedly) joined the forum yesterday, which suggest to me if you are talking about my posting history, then you are not new here.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards