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Snugglybear

Btl Landlords' Subsidy Quantified

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From the Grauniad

Still haven't worked out how to post links on tablet, sorry. Story's on the front page of the website.

Generation Rent says private landlords get £26.7 billion a year from the taxpayer.

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Except that ignores the biggest subsidy and main driver. BTL is 20% of housing stock. 13/14 housing stock capital gain approx £500bn so 20% = £100bn. Generous non-financial capital gains revenue forecast for 13/14 approx £1.5bn. 100 - 1.5 = Net £98.5bn. Add that to their £26.7bn then subtract the £9.06bn CGT 'they do not pay' = £114bn.

Could average it out to derive a per period accounting for ups/downs and new/existing owners, but principle and relative magnitude is much the same.

http://www.savills.co.uk/_news/article/72418/185344-0/01/2015/uk-homes-now-worth-a-total-of-over-£5.7-trillion--up-10--year-on-year

http://www.ft.com/cms/s/2/b94cd0d2-95a8-11e4-a390-00144feabdc0.html

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