Tax and self builds

[nod]

Rachel from Amounts is about to inflict more misery on landlords With a new tax 

Whatever next Self Builders ?

 

My theory is that Labour are going after anyone that is unlikely to vote for them 

[JohnMo]

1 minute ago, nod said:

My theory is that Labour are going after anyone that is unlikely to vote for them

Isn't that way with all parties, only there for the next vote.

 

Landlord - been there got the T shirt, but wouldn't bother again. If people don't like with rules sell up, do something else with the money. Perhaps build a house, that's what I did.

[nod]

9 minutes ago, JohnMo said:

Isn't that way with all parties, only there for the next vote.

 

Landlord - been there got the T shirt, but wouldn't bother again. If people don't like with rules sell up, do something else with the money. Perhaps build a house, that's what I did.

So true 

We are contemplating a third self build 

We have the plot next to our previous build Just need to pull the trigger 

 

15 of our 22 rentals that we have now sold where purchased by one company All our tenants where long term working families and individuals 

I suspect none will be there in a years time 

Before I sold up I was offered a 30% uplift in rents guaranteed for five years The properties would be handed back in pristine condition 

Hiw can that be right 

[SBMS]

1 hour ago, nod said:

So true 

We are contemplating a third self build 

We have the plot next to our previous build Just need to pull the trigger 

 

15 of our 22 rentals that we have now sold where purchased by one company All our tenants where long term working families and individuals 

I suspect none will be there in a years time 

Before I sold up I was offered a 30% uplift in rents guaranteed for five years The properties would be handed back in pristine condition 

Hiw can that be right 

Why did you sell @nod? Why not take the 30% uplift guaranteed?

[nod]

43 minutes ago, SBMS said:

Why did you sell @nod? Why not take the 30% uplift guaranteed?

I don’t need the money that bad 

and housing illegal migrants didn’t sit right 

[SBMS]

24 minutes ago, nod said:

I don’t need the money that bad 

and housing illegal migrants didn’t sit right 

Ah didn’t realise that was who was offering the 30%…

 

Why sell though?

[nod]

6 hours ago, SBMS said:

Ah didn’t realise that was who was offering the 30%…

 

Why sell though?

Main reason being If someone decides or can’t pay there rent You can ask them once and then you have to wait a year before starting legal proceedings Plus the whole point of buying the rentals over the last 30 years has been wiped out by the CG changes 

So we took the hit and put the remainder in government bonds Which gives us about the same return as the rentals