Government “declares war” on Landlords

In his New Year Message David Smith the Policy Director for the Residential Landlords Association speaks  about the attack on Landlords by the Government during 2015, he says that it is no exaggeration to say last year turned into an annus horribilis for the residential landlord.

He pointed out that The Residential Landlords Association’s job is to protect landlords, mentioning that 36% of  subscriptions go into the annual fighting fund of more than £600,000 that runs the campaigns team.

In his article he says:  By attacking the Private Rented Sector Chancellor George Osborne is attacking the very people who are providing homes for those who cannot afford to buy and those for whom councils cannot find a home.

He is attacking those of us who help social landlords when they can’t cope with demand and even those who have opened their doors to cope with the scores of people rendered homeless by the recent floods.

George Osborne has effectively declared war on individual landlords. His three pronged attack hits the very foundations.

Mortgage interest relief will be cut to basic rate tax progressively from 2017.  Next April sees the 3% stamp duty surcharge for rental property, and Capital Gains Tax changes are in the pipeline too.

To view the New Year Message in full on the RLA website click HERE

Read also  Opposition to tax relief changes for landlords

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

BREAKING PROPERTY NEWS – 28/06/2022

Daily bite-sized proptech and property news in partnership with Proptech-X.   Renting to Students: TDS Poll Confirms Common Issues and Reasons for Disputes in Student Lets PRESS RELEASE: A recent poll by the Tenancy Deposit Scheme (TDS) asked agents and landlords about their experiences when renting to students. The TDS poll discovered common disagreements, the top causes of…
Read More
Budworth Hardcastle
Breaking News

Eddisons snap up Budworth Hardcastle for £1.8m

East Midlands based (in two separate locations) commercial property firm Budworth Hardcastle founded in the 1990’s with 18 staff members have been acquired by Eddisons. Budworth Hardcastle is a privately owned multi-disciplinary Chartered Surveying practice which is Regulated by The Royal Institution of Chartered Surveyors – Formerly Marriott Hardcastle and Budworth Brown prior to merging.…
Read More
Estate Agent Talk

How to Safely use Scaffolding Around the Home

If you have any work to be done around the outside of your home at a height you can’t easily reach, your first answer is to go for a ladder. But though they don’t look like a hazard, ladders are in fact very dangerous pieces of equipment responsible for many injuries that result in minor…
Read More
Breaking News

BREAKING PROPERTY NEWS – 27/06/2022

Daily bite-sized proptech and property news in partnership with Proptech-X.   On The Market: Housing market starts to rebalance as remarkable buyer and seller confidence prevails PRESS RELEASE: Our latest Property Sentiment Index shows confidence remained strong among serious buyers and sellers as supply and demand in the market has begun to show signs of rebalancing. –…
Read More
Breaking News

Johnny Cash’s California Home

Johnny Cash often sang about the hills and flowers and wide-open spaces, and he lived it too. In 1961, Johnny built a 4,500-square-foot home in rural Casitas Springs, California as his quiet place to escape from the rock ‘n roll lifestyle. A place he and his wife, Vivian, and their three daughters could enjoy family…
Read More
Estate Agent Talk

How do Estate Agents Need to Adapt Their Methods to Sell to Younger Generations?

The average real estate agent is 49 years old, while the median age of a prospective first-time homebuyer is 33. That’s a significant gap, and it highlights how a lot of agents may be out of touch with the best ways to connect with today’s property purchasers. The process of selling houses, apartments, and other…
Read More