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  • Section 24 HQ

    Boris Johnson

    Thoughts on Boris Johnson's proposal to increase the Higher Rate tax band to £80k?
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    If he was PM and we had someone’s sensible ear like him I am sure he / they could see that s24 and 3% sdlt levy should be scrapped immediately

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    With that tasty carrot even nutcase like him may become PM. Scary and sad really.

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    It would certainly make life easier for me from a S.24 perspective. I have a house sitting empty rather than renting it out because the rental income plus my other retirement income would push me way over the 40% threshold, plus I still have to pay a large mortgage.

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    Hi Lou. That's similar to the position I'm in. I've actually had to (reluctantly) cut down on my work hours to try and avoid falling into the Section 24 trap. As much as I abhor BJ, the higher tax bracket would be a life changer for me.
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    Thank you for starting this Vanda, but it is already being discussed here:

    Boris - raising higher rate tax threshold

    ​As this is now a duplicate discussion, I am closing it to avoid confusion, and inviting all commentators to continue it on the original thread, linked to above.

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    general operations director, site owner and moderator - propertytribes.com