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Here is the impact of Tenant Tax (Clause 24) clearly visible. (Homelessness and Genocide of poor and sick).
It is causing Homelessness in London and will cause homelessness everywhere else in the country soon.
See link Below.( Or Search googlef or "Evening Standard Surge in rough sleeping on Tube".
When the winter comes, the homeless people will start to die of cold just like sick people are dying of NHS cuts. The tory Government (Corrupt Politicians) who are handing tax money to their crony builders (by promoting Help to Buy) and extorting Landlords using Tenant Tax will be responsible for Genocide due to homelessness in cold weather just like they are responsible for Genocide of sick by NHS cuts. They are promoting Big Corporate Landlords just like NHS privatisation. This is prima-facie and clear-cut case of immoral and corrupt actions in high places.
God knows what Serious Fraud Office and Labour Party are doing about it. (probably labour is complicit).
May God will help Landlords, homeless and sick in the coming times.
This crime will never pay those who are committing it.
Thanks for posting this thread.Here is the link you mention:Surge in rough sleeping on London's Night tube and night buses
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**
Here is the link to the news.
Yeah, everything will be much better under Labour. Jesus, I agree that people are losing homes because of S24 but not everyone ends up on the streets. I'm not a staunch tory voter by the way, i believe they're all as bad as each other. Was Tony Blair a saint? Haha, not corrupt at all, bit like George Osbourne and his Build-to-rent cronies or Panama mates.
God doesn't exist by the way, unless you can prove otherwise.
Crime does pay sometimes, just depends if you get caught. I'm not a criminal, just in case thats not clear.
Have a great day
Tenant Tax (Clause 24) can only cause homelessness if we are saying the properties are vacant. They still house poeple - the lack of affordable housing in london is due to lack of housing in london compared to the demand.
Too many people bidding to live in the same price - sure does mean high asking prices, means high rents but also means that someone does not get a home.
_________________________________________________________________________The above post is not financial advice, its often me rambling - passing time on a coffee break.If you are looking for the Best BTL Mortgage? Call the Specialist Team at Bespoke Finance._________________________________________________________________________
Where is there any indication that this is linked to S24? These spurious claims do not help landlords.
The increase in homelessness could be caused by the cap on benefits, benefits being stopped if the person is deemed to be fit to work, RTB and no local authority housing being available, the need for HMOs to be licensed and local authorities refusing to grant these, lack of support for those with mental health problems, etc.
Its not a spurious claim unfortunately . It is reality but you are right there are many other factors
The principal 3 reasons I am being forced to make make people homeless due to government are:
1. Sec 24
2. HB cap
3. LHA freeze
In many cases I can to a certain extent work around HB caps and the LHA freeze
DHP funding steps in to rescue these tenants
I can`t really work around Sec 24 .though so easily
My tax bill will rise 5 fold and DHP funding nor any other funding will step in to assist
As a result in the main the tenants I am making homeless are as a direct result of Sec 24
I am doing it so I can up my contingency fund to pay more tax
I dont want to make people homeless but S24 tax needs to be paid or HMRC will close me down
If I am closed down that wont help anyone
But if I was forced to close down then it would be S24`s fault
Sec 24 then would be directly responsible for making all my tenants homeless
Jonathan Clarke. http://www.buytoletmk.com
The report that is being referred to relates to the number of people sleeping rough on the London Underground which has been running for around twelve months. London has always had a homeless problem, if you provide a service which provides warm accommodation with chairs in a reasonably safe environment - certainly safer than shop doorways - and at a minimal cost then those living on the streets in the area will migrate to that environment.
The report about the increase in sleeping rough on night buses is comparing the winters of 2012/13 and 2015/16 - I doubt very much that Section 24 would be showing in the stats during this period.
To say that the move is a result of Section 24 is spurious.
Yes I agree they will migrate there but Sec 24 has put many in the position to need to migrate there at all
2018 / 2019 / 2020 / 2021 will see those figures grow and grow as S24 tightens its grip
Sec 24 will be the direct cause for many of those as will the many other valid reasons you mention
Sec 24 though I believe will move to the top of the charts in time as being the main cause
Its still largely an enigma to many landlords let alone the general public.
It hasn`t been truly outed as yet I fear
We will have to agree to disagree that S24 is part of the reason any of those sleeping on London Transpoty tubes and buses referred to in the report. As to the future I don't think we can predict, rents in my area and parts of London have reduced in the last six months so S24 is not impacting on rents in these areas.
ok yes agree to disagree
I think we can predict though to a certain extent the effects of sec 24 going forward
If I have had to let go 3 people because of s24 its a reasonable assumption that others will be doing likewise
If you suddenly cant offset your major cost in a business the cards will tumble
And when April`s tax bill drops on the mat many more LL`s will for the first time wake up and start asking questions as to what S24 is
They are blissfully unaware at present in the main. Thousands of LL`s who may have 1/2 properties will not be on social media keeping tabs on their investment but they will be just cracking on with their day to day jobs
Its a bit like when a road closed near me recently. for 6 weeks for repairs. I saw a few advanced notice signs saying it was closing and i half took notice. It was probably on the highways local website as well . But come the day i was caught out and had to detour . If that route had been vital to me I would have made plans before but like 1000 of motorists I just had to go round the roundabout and detour cursing myself for not remembering the warning signs. The next day though i changed my route to deal with the problem now on my radar . April 6th 2018 many LL will start paying a little more attention to their tax planning . That will result in more homelessness I believe .