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Welcome to Day 4 of "Axe the Tenant Tax Awareness Week" 2017. As of today, Section 24 is now in effect!The Axe the Tenant Tax Coalition are marking this landmark day with a week of content to create awareness of S24 amongst the wider landlord community as we believe there is still mass unawareness!Today, the Residential Landlords Association give their views and up-dates:Throughout the week, will be featuring interviews with landlords to find out how they are affected, and we'll also hear from Tenant Tax coalition members, the RLA, the NLA, and ARLA.Please join us ALL THIS WEEK for campaign up-dates and news and we want to urge everyone to do their bit by sharing our content on social media - either in property Facebook groups, or via twitter and other social aggregation channels. Everyone can do their bit to increase awareness and amplify the efforts of the coalition.Even if you personally are not affected by Section 24, please get involved and support this campaign!Don't forget to download our FREE "Section 24 Survival Guide" produced in association with Bamboo Auctions.The guide is a simple and easy to understand download, which is free for anyone to access. CLICK HERE TO GET YOUR FREE SURVIVAL GUIDE Follow the @tenanttax on twitter, visit their website, and join their Facebook group for updates.Tune in daily all this week for our exclusive content and commentary!SEE ALSO - A million landlords forced to increase rentsUP NEXT - Landlord Gemma Shinh on the impact of S24 DON'T MISS - Landlord hammering to continue in 2017? NOW WATCH:
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**
Unhappy Birthday of S24
The party begins today best of luck everyone
Is this the start of Opportunity ????
or the start of the slow death of the BTL Landlord who invests in there own name ???
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.
A new study of landlords reveals that far more believe they will be affected by today’s buy to let mortgage interest tax relief changes than government estimates - and almost half plan to quit the rental market by 2020, fearing they are being unfairly targeted.
Research by insurance firm AXA shows that more than 40 per cent of landlords believe they will be worse off as a result of the changes. This is despite the government’s assurances that 82 per cent will not have any additional tax to pay.
AXA found evidence that this change coming on top of a raft of legislation aimed at landlords in recent years means that almost half of private landlords will withdraw from the market by 2020.
Twenty one per cent said they plan to sell all their rental properties, 10 per cent will reduce their portfolio, and seven per cent will switch to commercial property ownership, which is perceived as a safer option.Full/source article