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  • Section 24 HQ

    Removal of last 20% of MIR likely/possible?

    You are so right

    it is a cash cow

    i own a large business of BTL

    and I think at times it’s a pack of cards

    im 60 and I feel so strongly that more changes will happen

    I now put thousands every month in pensions

    my guess is if it’s going to happen with more taxation I want a plan B

    i just don’t trust government

    after S24

    i am luck I have a plan B most landlords don’t have one

    BTL is there pension

    we could see a lot of poor landlords in the comming years

    the wealth creater could be a time bomb

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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 my recollection correct, that Osborne's justification for S24 was that he wanted "a level playing field" where landlords could not claim tax relief higher than basic rate taxpayer home owners?

    If this is correct but Hammond removes the 20% tax relief for landlords would the "level playing field" objective be trashed, and would home owners have a big advantage over landlords?

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    I think if we look at what’s happening in the SE the government would be wise to stop this attack on landlords

    there is an end result tenants who can’t find a home and a good chance of a property crash

    ofcourse the government is not wise

    and I feel all tax relief will go

    the next question is will it also go for company landlords if it were to happen

    I think anyone buying today with levarge In there own name is takeing a huge gamble

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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.


    Homeowners do not receive any tax relief on mortgage interest, it was said that by reducing income tax relief to the basic rate it was bringing it in line with companies’ corporation tax rate.

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    Haven't read the full thread for comments, but to answer the original question:

    Yes, if I was a betting man, I'd wager they'll be an announcement prior to 2020 that the remaining 20% will be lost.

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