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I do hope you're right about UK seeing the folly of s24 like Ireland did...
I hope so to, but the problem is the damage was done and many good LL were bankrupted or forced out of business
..So if you can hang on until S24 is abolished you'll make it.
There will be lots of LL that won't.
So one has to Be Prepared as my old Boy Scout motto states!!
I suppose in the extreme a LL has to work out if they can pay the S24 taxes without any rent increase.
If they can then they will survive until it is abolished.
If not and rent increases are unachievable then they have to sell up those relevant properties.
All in all this S24 turns normal business on its head and is hard to get to grips with.
I believe I have calculated correctly that it is not worth me working again as tax would make it a waste of time
What a way to run an economy!?
Taxing to the point of it not being worth doing extra work!!!
More generally, it strikes me that most of these proposals, if implemented, would lead to an increase of work for architects. Increased demand for their services of course means architects can charge higher fees.
I used to get upset when folk made awfull comments which I have made on Citywire Telegraph ect
I was hurt at first Sticks ad Stones ect
I think in life i you if you really want sucsess you need to put such comments to one side and Crack ON
Learn Change and Adapt ?????
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Two more ideas of how to solve the housing crisis!The over-65s could help ease the housing shortage by downsizing and ultimately lead to an extra 4.2 million homes on the market, claims a retirement service provider.
“This is something we’ve been talking about for years. Over-65s are sitting on an estimated housing wealth of £1.34 trillion, which many would like to use to help fund their retirement. Downsizing is something many would consider, but a shortage of retirement properties can prove a barrier” claims Peter Girling of Girlings Retirement Rentals.Full/source story The New Economics Foundation are pursuing routes to enable communities, in partnership with local institutions and civic powers, to take back some control over housing locally. The aim is to empower more people to demand and create housing projects that really meet real local needs.Full/source story
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
A recent article in the Guardian offers 5 steps to fix the housing crisis:Full/source article
No mention of the most obvious
Reduce migration to the tens of thousands!!!