Is buy to let still worth it?

[SueEllen]

I'd love to know how that's going to get enforced

It relies on the tenants reporting him.

He will just have his wife/mother/random other relative fronting his operations from now on.

[ladymuck]

It relies on the tenants reporting him.

He will just have his wife/mother/random other relative fronting his operations from now on.

Exactly what I was thinking

[northernladuk]

One would also expect few landlords are paying "the right amount of tax"..

I vaguely remember about 8 years (or more) ago there was a cross gov project to allow data sharing between them. An example would be eligibility for free school meals. Data could be combined from HMRC, DWP and Dept for Education and so on. I do remember talking to colleagues about it being a super quick win against landlords. A simple check of anyone with more than one entry with Land Registry that isn't submitting Self Assessments would have been a good start for catching landlords not paying any tax. Granted doesn't help with paying the right tax but shoudn't be too difficult to devise something a little more complex to check amount of tax being paid against some presets. Should be able to target anyone making losses year on year or are paying an inordinately low amount vs averages for some low hanging fruit.

No idea if they do this but it would be utter madness if they haven't.

[vetran]

I vaguely remember about 8 years (or more) ago there was a cross gov project to allow data sharing between them. An example would be eligibility for free school meals. Data could be combined from HMRC, DWP and Dept for Education and so on. I do remember talking to colleagues about it being a super quick win against landlords. A simple check of anyone with more than one entry with Land Registry that isn't submitting Self Assessments would have been a good start for catching landlords not paying any tax. Granted doesn't help with paying the right tax but shoudn't be too difficult to devise something a little more complex to check amount of tax being paid against some presets. Should be able to target anyone making losses year on year or are paying an inordinately low amount vs averages for some low hanging fruit.

No idea if they do this but it would be utter madness if they haven't.

I suspect its utter madness still.

Sadly I suspect nothing has changed.