Saturday, July 30, 2016

Keeping the tenants warm

'Green tax' to hit landlords with £5,000 bill on buy-to-let homes

“Landlords have been harshly treated. This is an extra stealth tax on top of all the other measures that threaten the finances of the sector.”

Posted by tom101 @ 05:31 PM (5606 views)
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5 thoughts on “Keeping the tenants warm

  • As they state, most are owned outright and equity can be released for this. Nothing to see here, move along, but the costs will be passed on to renters who theoretically benefit from lower bills..

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  • Germany has much more energy efficient homes but much lower rents. Explain? Construction costs are not much higher here, neither is insurance or maintenance. High rents in the UK are not explained by high costs.

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  • @2
    That’s right, landlords cannot simply “pass on costs” willy nilly. The landlord’s net rent is a residual after costs and taxes like this one.
    N

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  • On the other hand, lower bills give a direct inventive to tolerate a higher rent, so it’s not out of the question here!
    N

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  • @3 and 4 yes that is a definite possibility. But this leaves the tenant no worse off as the two net out. In this case there is an increase in demand caused by the tenant having more money for the landlord to trouser. But effective cost increases like the mortgage interest tax deduction and the stamp duty hike have no corresponding effect on increasing the tenants’ ability to pay so can’t see how those will increase rents. And if they would, landlords would be no worse off so why are they complaining?

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