– Unfortunately though, instead of embracing and supporting private landlords. – There exists now a huge selection of varied rental housing to choose from,with some of the highest standards that have ever existed. – Margaret Thatcher, introduced a more liberal approach to the property market ,which had seen decades of regulation and stagnation characterised by no choice ,dilapidated building’s,tenants paying minuscule rents for poor properties and landlords locked into penury not wishing to invest, for there would be no return or any hope of controlling their own property. Either for reasons of providing a pension for themselves, that they were in control of or more professional landlords that wished to build a business. – The introduction of the AST ( assured short hold tenancy )during Thatchers administration saw an increase in budding landlords wishing to invest in the provision of good quality accommodation. ![]() Anyone around the age of 60 plus must surely remember the dumps we had to to live in during our Twenties. – I think the public should have a huge debt of gratitude to private landlords. Yet they fail to realise that new homeowners won’t be voting Tory!!Īfter 26 years of being a landlord I am selling up ,I have had enough. The Tories are ideologically opposed to housing those that would vote Labour. Yet this perception is why the housing crisis is at it is. This mere perception just validates how politically inept the Tories are. The Tories really do believe that those who are facilitated to buy will vote Tory The Tories have an ideological obsession with reducing the numbers of letting properties in the UK which is exactly the opposite of what is required. It is these LL that are principally selling up ![]() That leaves a hard-core of about 25% of LL who are subject to S24 taxes. Unfortunately for Osborne about 25% of LL have been able to escape to corporate status. That was an easy hit to get rid of those LL. Osborne knew 50% of LL were mortgaged sole trader LL. It is scandalous to allow those who incorporate to escape S24. To a large extent his S24 policy was largely negated by low IR. This horror is what Osborne always wanted. Those days are over and the true full horror of S24 has been revealed. To a large extent S24 LL have been protected from the true horror by low IR. ![]() It has been very effective and continues to be even more so as IR gave increased. S24 was a very clever penal anti-LL policy. If by magic overnight all current LL subject to S24 were able to convert to incorporated businesses does anyone believe that Govt wouldn’t look at ways to impose S24 type effects on LL.
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