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Buy to Let, Let to Buy and Limited Companies

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Comments

  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ptrichardson wrote: »
    That's how I saw it. Seems pointless now anyway.

    As per usual, by the time I'm in a position to do anything, the older generation have raped it to bits and new legislation has been put in place to nerf it for the rest of us.
    The irony being that this was a plan to fix my pension, since the older generation have !!!!!!ed that up for us too with their ridiculously big pensions.


    Any good news in the budget?
  • MyOnlyPost
    MyOnlyPost Posts: 1,562 Forumite
    Crashy_Time wrote: »
    It could be done in a way to discourage small landlords though?

    The government can get away with differentiating between limited companies and private landlords as they are different types of investors.

    Legislating to differentiate between limited companies based on their size or the age of the company would be anti-competition
    It may sometimes seem like I can't spell, I can, I just can't type
  • MyOnlyPost
    MyOnlyPost Posts: 1,562 Forumite
    ptrichardson wrote: »
    That's how I saw it. Seems pointless now anyway.

    As per usual, by the time I'm in a position to do anything, the older generation have raped it to bits and new legislation has been put in place to nerf it for the rest of us.
    The irony being that this was a plan to fix my pension, since the older generation have !!!!!!ed that up for us too with their ridiculously big pensions.

    Oh dear, how bitterly twisted you sound.

    My dad is one of that older generation, he worked 20 years down a mine. I think he has earned a decent retirement.
    It may sometimes seem like I can't spell, I can, I just can't type
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    https://www.theguardian.com/money/2016/dec/10/buy-to-let-landlords-vilified-lending-crackdown-tax-hike-profit-loss
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    MyOnlyPost wrote: »
    The government can get away with differentiating between limited companies and private landlords as they are different types of investors.

    Legislating to differentiate between limited companies based on their size or the age of the company would be anti-competition


    They always find a way to tweak things if there are votes in it IMO.
  • ptrichardson
    ptrichardson Posts: 240 Forumite
    Tenth Anniversary 100 Posts Combo Breaker
    MyOnlyPost wrote: »
    Oh dear, how bitterly twisted you sound.

    My dad is one of that older generation, he worked 20 years down a mine. I think he has earned a decent retirement.

    Hadn't been coming back to check on the thread as I had my answer some time ago. Thanks all for that.

    And yeh, I am a bit bitter. I'm earning roughly the same as my dad, for example. And I've worked out that despite me putting more into my pension, I'm going to get about 25% of the payback that he got.

    Its quite annoying.

    My grandad was a miner, so you don't need to lecture me on who has earned what. You can cherry pick any situation to match your personal view. Just like I just did.
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