Tuesday, December 9, 2008
Any other blow to BLT?
Buy-to-let investors face tax crackdown
Middle class buy-to-let investors who are failing to declare their earnings from rent payments should end up with a criminal record under recommendations from senior MPs.
Posted by peter_2008 @ 05:48 PM (577 views)
One thought on “Any other blow to BLT?”
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magnifico says:
I’d be very surprised if these checks are carried out, as they go against the “helping people” (read: pathetically trying to prop up the housing market) sermon we have become accustomed to from GB.
There were rules in place to check that banks were lending at the right multiples, but, guess what, they were ignored in the years leading to this mess.
Governments have the ability to turn a blind eye, if the consequences of enforcement damage their short-term objectives