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  • Property-a-holics

    Osborne tax reforms coming home to roost



    Yesterday, at the Landlord Investment Show at London Olympia, we had the opportunity to catch up with David Smith, Economics Editor of the Sunday Times.

    David was taking part in the "Brexit Fireworks" panel debate which morphed into "Election Fireworks" debate!

    We took the opportunity to quiz David on his thoughts about current happenings and challenges for landlords and the private rented sector and what the future might hold:


    What did you think of David's view?

    SEE ALSO  -         BTL has rigor mortis! Graham Rowan is back!

    UP NEXT -             PT "rigor mortis" video & and my own thoughts

    DON'T MISS -        Marked increase in landlord regulation

    NOW WATCH:

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    I think we shall end up with a divided parliament after the election

    and then Stagnation

    If Corbyn and Co were not the leadership I think they would walk this election

    even if Corbyn was to win ??? he would not have a huge majority to pass the laws he wants to bring us


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    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.

    Is a Labour - SNP alliance Corbyn's best chance of getting into No 10?

    I agree with DS - hopefully there are enough centre ground Labour MPs that would not vote through an Act that involved the forced sale of property to tenants?


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    Only a minority of private tenants would realistically be able to buy their rental property - and any Private RTB legislation would see the sector shrink even more - as would Rent Controls.

    Not that we can trust any Govt to do any joined up thinking before passing legislation.

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    If such legislation was passed, would it create another factor in tenant selection?

    Who would want to rent a property to a potential buyer?

    Would it be another Help to Buy fiasco? I have heard of so many anomalies with that scheme - it appears to have turned into a taxpayer funded abuse scheme.

    Would it be better to leave a property empty and wait for the fall of a Labour Government, rather than rent it out and have the tenant buy at a discount?

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    That’s what I’m hoping for; that Corbyn has enough of a majority (with the likes of the Lib Dems, SNP, moderate Tories etc on board) to stop Brexit or put forward another referendum, but then not a majority on his own to actually enact his other ridiculous policies.

    Normally I’m a solid Tory voter (as house prices are the only issue I care about), but I feel Brexit would be a huge negative effect on house prices (particularly in London), so that’s become the main voting issue for me.
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    Had enough of it to be honest now its causing carnage in my main business. Majority voted to leave theyve spent 3 years negotiating to be no where. Lets just leave, we were ok before the eu and will be ok after, Main business now imports from turkey and America and more purchases from uk than ever. Still get product from eu but no where near what used to

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    We have not left, how is it causing carnage. Just curious.

    Thanks

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    Weakness of the pound is hitting importers would be my guess, will wait to see what he says of course.

    But the weakness of the pound is not caused by Brexit, it's caused by uncertainty. If we'd left on March 29th the pound would have rebounded by now.

    Brexit isn't the problem, parliamentary arithmetic causing the uncertainty was and I hope the General election solves this.
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    You try importing from eu when goods take from first order 3 month plus to get to uk and for sale, no one will now send duty paid incase they charge 20% once resolved. So now buying from outside Europe, try changing over 50% of what you sell from Europe not easy

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    Assume the worst - Corbyn and or Brexit happens, along with it, the economy and house prices plummet.

    If one can survive the initial shock\ramifications - long term, that should create more opportunity and "eventually" prices should rise.

    A Corbyn government could end with a complete economic collapse and possible IMF bail out - some will win and some will lose.

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