‘Buy-to-let tax will cut our income by 25pc.' How much will YOU lose?

[PurpleGorilla]

Let's get a foreign investor tax in next...

http://www.propertywire.com/news/eur...011210028.html

[TheLordDave]

Where is that?

South wales

[TheLordDave]

Thanks to Gideon you might become an accidental bankrupt...

To be honest maybe that is the best course. Selling up and still owing the mortgage company 20k is not a position I want to be in.

Neither is being a landlord and being responsible for the upkeep when the rent only just covers the mortgage. But if it is then tax smashed not really worth it at all.

Maybe better to go bankrupt and let the bank have the keys.


Bloody Tories.

[mudskipper]

Excellent - I've got some money to invest. Sounds like there's some BTL bargains to be had in Stoke and Crewe.

[AtW]

Let's get a foreign investor tax in next...

Singapore and Hong Kong are most expensive for foreign property investors | Europe | News

Nah, those are true Tory friends, "foreign" investor as in offshore trust belonging to the right chaps who went to right schools ...

[BrilloPad]

Only 25% cut? It needs to be a 100% cut. Selfish f**kers are keeping youngsters off the housing ladder.

It needs 100% tax on rental income. With no expenses allowed.

And make it 200% on companies and anyone from outside the UK.

[AtW]

It's high time to tax CO2 emissions from residents and a very high tax on farts which is clearly a luxury...