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Renters would no longer have to pay council tax under plans being considered by the Labour Party.The charge would be replaced with a new “progressive property tax” set nationally instead of by local councils and paid for by landlords instead of tenants.Owners of second homes, empty homes and those owned by people not resident in the UK for tax purposes would have to pay the new tax at a “significantly” higher rate.
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
Well this would probably 100% see rent rises, I think I would.
The Astute Landlord
Nope.. I'm afraid not. Labour will introduce rent caps based on a percentage of average wages locally. Then if you want to get out of the nighmare and sell the property, Labour will put caps on the sale price. Don't forget they also want to introduce 'right to buy' for your tenants so they can grab your house on the cheap.
LABOUR..... Landlord's nightmare...... Tenant's Paradise !!
“So much of this can be traced back to the broken system of land ownership. Concentration of land in the hands of a few has led to unwanted developments, unaffordable house prices, financial crises and environmental degradation.
So landlords are responsible for the financial crisis now? or am I reading that wrong?
However, I may rustle a few feathers here, but I am against one off individual landlords who refuse to use agents and DIY it but do not keep up with legislation and all which goes with the PRS. Don't get me wrong there are many good one property landlords but the minority who don't do it properly are the ones which spoil it for the good. (IMHO)
I agree with the need for a standardisation of the industry, the industry needs to be clear and transparent. Yes tenants 100% deserve to have security in where they live and be able to put down roots, but hammering landlords????
I am not sure who in government is not aware that private landlords are picking up the slack on their failure to provide housing.
Maybe, if the banks and pension companies were not so free and loose with our money, people would not be looking to find alternative security for their futures.
As a DIY landlord who refuses to use agents I partially agree with your opinion. Understanding legislation is imperative but also the appreciation that the PRS is not synonymous with the AST.
In my opinion it is not possible to standardise an industry where there is no standardisation, there are many different ways to rent a property, each with very different legislative and tax requirements.
A good teacher must know the rules; a good pupil, the exceptions.
Martin H. Fischer
Just wait until property redress comes to town every landlord will need to be up to speed on regulation
Ten Estate agents are being struck off every month for not following the rules
It is Landlord Registration via the back door
I very much doubt it will effect every landlord. As I stated above the PRS is not synonymous with the AST, although this seems to be implied on a regular basis.
As to your original post, I have no issue paying council tax, outside AST letting this is usual. Increased CT on second homes may prompt more FHL owners to switch to Business Rates and then claim small business exemption though.
Having relocated to South Wales I was pleasantly surprised that I have a 6 month exemption on Council Tax whilst refurbishing my property. If I don't complete the work within 6 months the council will consider 'helping' beyond this point. Now that's a Labour Council under a devolved Labour government which appears far removed from the Westminster bubble.
Wait until January 2020. I am part of something which is going to try. we may not succeed but we are giving a damn good go. 100% transparency.
You may even be swayed over ?