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  • In the Spotlight

    View the letter that the Judicial Review lawyers sent to HMRC

    The first shot in the battle about pursuing a Judicial Review of Clause 24 was fired a few days ago with Cherie Blair and her team sending a letter to HMRC.

    The legal challenge is being brought on the basis that the policy breaches Article One of the European Convention of Human Rights.

    This is on the grounds it is essentially an unlawful form of State aid to corporate landlords and overseas buyers, which gives them an unfair competitive advantage over non-incorporated landlords. i.e. the vast majority that provide housing in the PRS.

    Blair's firm argues this is in breach of the articles in the Treaty on the Functioning of the European Union.

    The firm also argues that the tax discriminates against landlords with mortgages as they are the only type of business where the cost of funding the capital for their business is not tax allowable.

    As a result, some landlords will be liable to pay tax on losses and could have effective tax rates of over 100%.

    The firm also suggests that there are likely to be consequences for tenants, such as increasing rents, a rise in evictions and the reduced supply of rental homes as landlords are forced to exit the sector.

    Many people have been asking to see the letter and it has now been made available:

    View it >>> here.

    Please note: This link leads to a short data capture page. The campaign have done this to be able to keep interested parties informed. The data will not be used for anything else, other than building up a list of people interested in the campaign, and notifying them of up-dates.
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    All I can say is, doesn't it feel great seeing it all laid out officially!?

    Seems to me in my humble layman's view that it will mostly hinge on the old chestnut of whether individuals are or are not running a business.
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    I was told to keep this secret. I. E. In the inner circle of those taking legal action. Something about to much disclosure to the defendents......

    Mind if it's a great read. I think the claim has legs after reading this perhaps to get it overturned if not get govt to make amendments.
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    THIS PROPERTY TRIBES ACCOUNT IS NO LONGER USED. DO NOT SEND PRIVATE MESSAGES.

    YOU CAN REACH ME AT BESPOKE FINANCE for HMO Mortgages, Cheap Life Insurance and Limited Company Buy-to-Let on 08009202001

    Hi Adam,

    FYI - I was instructed to do this by Steve Bolton and Chris Cooper. the two landlords behind the campaign.
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    Good news. Glad they changed their mind, "better out, than in". Wink
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    THIS PROPERTY TRIBES ACCOUNT IS NO LONGER USED. DO NOT SEND PRIVATE MESSAGES.

    YOU CAN REACH ME AT BESPOKE FINANCE for HMO Mortgages, Cheap Life Insurance and Limited Company Buy-to-Let on 08009202001

    (04-02-2016 10:49 AM)Adam Hosker Wrote:  Good news. Glad they changed their mind, "better out, than in". Wink

    Odd - I've now tried it 4 times, on 2 different browsers on 2 different computers and it doesn't work for me at all - nothing ever downloads

    Edit - got it now. It seems my internet was running really slowly!
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    All makes sense and asks the question should individual landlords be treated differently to businesses?

    It's going to come down to a judge making a call on it. I hope he/she is a private landlord...

    Go for it Cherie!

    Jason McClean
    https://www.thehomeinsurer.co.uk
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    Excellent stuff!

    Well done to Steve B and others who have instigated this legal process and also to you Vanessa for arranging for the legal note to be available to us to read. We are proud of you. Keep up the good work.

    There is a long and challenging road ahead on this one as I see it but let's remain hopeful of a satisfactory outcome.SmileBig Grin
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    Thanks for your kind comment, but the praise should go to Steve B. and Chris C.

    All PT has done is been a platform for sharing the information in the format that Steve and Chris have requested. Smile
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    @Vanessa, I know! But credit to you also.

    Happy days!
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    Thank you!! We do our best and allow outbound links if they add value to the community or there is another source of information to refer to. That is why some other forums have not taken this up. Smile
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