“Case was fully funded for the initial stage” Clause 24.
“We need to raise £15,000 as quickly as possible (and then a further £35,000), to enable our experienced legal team to fight Clause 24 and take this matter as far as the Judicial Review process will allow. Your financial support would be greatly appreciated.”
Chris Cooper and Steve Bolton have seen their initial target of £50,000 achieved from over 700 backers for their fight against Clause 24 “The following points clearly demonstrate that a “level playing field” does not exist now and we believe that Clause 24 is unlawful and should be challenged on a number of fronts”. They are aiming to get the government to overturn their decision to tax property owners on that part of the rent that has been paid to the lender as mortgage interest.
You can read up on their case and if you wanted to, back their decision to challenge Clause 24 by making a donation on CrowdJustice.co.uk website here.
Name of case: “Judicial Review of Clause 24 of the Finance Act 2015 (“Alice in Wonderland Tax Grab”), which is aimed at disallowing the perfectly legitimate finance costs (including mortgage interest), of individuals who operate buy to let properties in their own name but excludes the same for institutions, corporations, wealthy cash buyers and overseas landlords.”