>The move will cost around £20 million which means that not many landlords will benefit, and the average investor will save around £21,000 in CGT.
£20m/£21k = 952
So 952 houses a year? This isn’t policy it’s bollocks
> However, the exemption will only be for those landlords who sell their property to a sitting tenant.
That’s interesting actually. Can see that being abused
This makes a good sound bite but doesn’t address the number of available homes. Just who owns them
The government needs to address all the empty flats above shops. In my area there are a couple of Tesco express shops with empty flats, one a shop they bought that used to have tenants above and the other a pub conversation. There is a Lidl that was built on the condition of having flats above it, but they have never been occupied and now the external stairway access has been blocked off.
There must be hundreds and hundreds of similar properties stood empty around the country. I know that councils can now charge accounts or tax on them, but that doesn’t put a roof over someone’s head.
Jeremy Hunt is preparing to sell some of his properties?
Yes because incentivising people treating housing as an investment will surely allow more people to own their own home.
How tone deaf can you be?
Just tax all profit from rent at 90%. The leeches are already making a killing off house price inflation.
What’s the betting on the next desperate election bribe?
They’ll do anything except allow people to build more homes.
Jesus can the conservatives come up with any policies that aren’t a total clusterfuck
God I hope people don’t fall for this election promise bullshit
They’ve been in power for 14 years, if they were actually going to do any of this they would have done it already
So rather than fixing the housing crises by creating more affordable supply. The solution is to give landlords more money. This is without a doubt the most Tory solution.
If I was a landlord I’d be selling up as soon as it became law to realise current gains before they start punishing lls again. It can only have a negative impact on the already struggling rental market though.
FTBs generally don’t want to buy the kind of properties LLs own (in my area anyway) so be interesting to see who buys them all.
Free Rainbows and Unicorns next, anything you want, moon on a stick, no problem. Time travel? Bring back the deceased? Form the queue. These people have no shame. They will say anything.
Can someone smarter than me do an ELI5 for me?
So I as a sitting tenant could potentially have paid off my LL mortgage, then the LL could sell that property to me. But would I need to get a mortgage to do that?
I’m not even being sarcastic I don’t understand this policy.
13 comments
>The move will cost around £20 million which means that not many landlords will benefit, and the average investor will save around £21,000 in CGT.
£20m/£21k = 952
So 952 houses a year? This isn’t policy it’s bollocks
> However, the exemption will only be for those landlords who sell their property to a sitting tenant.
That’s interesting actually. Can see that being abused
This makes a good sound bite but doesn’t address the number of available homes. Just who owns them
The government needs to address all the empty flats above shops. In my area there are a couple of Tesco express shops with empty flats, one a shop they bought that used to have tenants above and the other a pub conversation. There is a Lidl that was built on the condition of having flats above it, but they have never been occupied and now the external stairway access has been blocked off.
There must be hundreds and hundreds of similar properties stood empty around the country. I know that councils can now charge accounts or tax on them, but that doesn’t put a roof over someone’s head.
Jeremy Hunt is preparing to sell some of his properties?
Yes because incentivising people treating housing as an investment will surely allow more people to own their own home.
How tone deaf can you be?
Just tax all profit from rent at 90%. The leeches are already making a killing off house price inflation.
What’s the betting on the next desperate election bribe?
They’ll do anything except allow people to build more homes.
Jesus can the conservatives come up with any policies that aren’t a total clusterfuck
God I hope people don’t fall for this election promise bullshit
They’ve been in power for 14 years, if they were actually going to do any of this they would have done it already
So rather than fixing the housing crises by creating more affordable supply. The solution is to give landlords more money. This is without a doubt the most Tory solution.
If I was a landlord I’d be selling up as soon as it became law to realise current gains before they start punishing lls again. It can only have a negative impact on the already struggling rental market though.
FTBs generally don’t want to buy the kind of properties LLs own (in my area anyway) so be interesting to see who buys them all.
Free Rainbows and Unicorns next, anything you want, moon on a stick, no problem. Time travel? Bring back the deceased? Form the queue. These people have no shame. They will say anything.
Can someone smarter than me do an ELI5 for me?
So I as a sitting tenant could potentially have paid off my LL mortgage, then the LL could sell that property to me. But would I need to get a mortgage to do that?
I’m not even being sarcastic I don’t understand this policy.