Who else are landlords going to vote for? Excellent point from John Stepek

Moneyweek: Political risk and investing lesson number one: don’t be an easy target

"Better yet – who else are these disenfranchised landlords going to vote for? Anyone think they’ll get a fairer hearing from Jeremy Corbyn, and his wee red book? Didn’t think so. In short, you can whack them all you want at very little cost to your own base, and with the potential of big gains from others who might not traditionally have voted for you. It’s brutal political calculus." Will be fascinating to see how this all pans out. I used to think that BTL wasn't too bad - renters use housing more efficiently than owner occupiers and BTL is taxed a bit. But the latter is not true in my opinion - tax collected from BTL is less than Housing Benefit paid to the industry... And everyone needs incentives to use housing efficiently, not just renters

Posted by mombers @ 01:31 PM 0 Comments

My heart is bleeding

Mail: Our buy-to-let dreams are in ruins!

Someone who buys a £500,000 second home will face a tax bill of £30,000 Experts said the move would ‘kill off’ property investment for savers

Posted by hpwatcher @ 10:51 AM 5 Comments

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