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John The Pessimist

More Mood Music Against Btl

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Should landlords be able to off set their mortgage interest against tax:

Yes, they are running a business - 60%

No, they should be taxed in the same way as owner-occupiers - 40%

Current poll at the bottom of the page! Get voting and turn this around! :ph34r:

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Yes they are running a business but shouldn't pay income tax or ni on the incomes they make on it. Mmmmmmmmm.

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What happens to interest-only BTL mortgages? There's a guy who swore to me his monthly interest only repayments were not taxpayer subsidised and that he wouldn't be affected by the BTL tax changes?

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What happens to interest-only BTL mortgages? There's a guy who swore to me his monthly interest only repayments were not taxpayer subsidised and that he wouldn't be affected by the BTL tax changes?

Brilliant. He and a half million others are toast. The supply if properties for sale will soar.

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We all know that (whether explicitly admitted or not) late entrant BTL only flies with capital gains, so don't see what the problem is with a cashflow negative position from the start. Sommink to do with 'washing faces' probably.

Has a bit of an angle of PPI about it though, wonder if the new tax changes will instantly scupper various LTV deals on the basis that they simply cannot make money and the bank maybe has a brand new potential misselling risk to think about.

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Sounds like Nicole Blackmore is trying to make the case for some kind of support for BTL.

Notice how she points out that rent will have to rise to pay this tax.

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Sounds like Nicole Blackmore is trying to make the case for some kind of support for BTL.

Notice how she points out that rent will have to rise to pay this tax.

Yes, it's hard to know what to offer- the rent rises will cover this, and any other impositions on the sector, so what's the problem...?

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  • Next General Election   91 members have voted

    1. 1. When do you predict the next general election will be held?


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