Taxman to target landlords

[scooterscot]

It's a means of targeting Landlords who evade tax.

Landlords who fully declare their rental income would not be affected.

Bad headline. Bad journalism.

I don't often agree wit the BM - but he's right.

The article was a waste of electronic paper it was written on.

[Turion]

And all the record keeping and filing the agencies have to do.

All this money laundering and ID bollocks has added £200 to £350 to the cost of moving in to a rented property. The landlord doesn't get that, the agencies are paying £7 for a credit check (yes, just £7) and a phone call for a reference and pocketing the difference.

This will probably add another £50 or £100.

Then agents are profiteering, but in the end, if the cost is too much, tenants and landlords will choose a cheaper option (like going direct) like I've done in the past.

If agents get too expensive, loose 'em. I repeat again, it's the market, stupid.

[RichardCranium]

What, you mean the cost of the landlord having to pay his taxes

And all the record keeping and filing the agencies have to do.

All this money laundering and ID bollocks has added £200 to £350 to the cost of moving in to a rented property. The landlord doesn't get that, the agencies are paying £7 for a credit check (yes, just £7) and a phone call for a reference and pocketing the difference.

This will probably add another £50 or £100.

[bogeyman]

It's a means of targeting Landlords who evade tax.

Landlords who fully declare their rental income would not be affected.

Bad headline. Bad journalism.

[Turion]

And all corresponding costs will, of course, just be passed on to tenants.

What, you mean the cost of the landlord having to pay his taxes So a landlord done for evading taxes will recoup his losses by putting the rent up

There is such a thing called a market you know - that is what regulates prices, just the same as many contractors are finding out in rate cuts etc.

Will probably mean more LL selling up, depressing house prices, which is good news for most people.

[RichardCranium]

And all corresponding costs will, of course, just be passed on to tenants.

[Cyberman]

Just had to laugh on reading 'HM Revenue and Customers'. You just cannot get good journalism nowadays.

[Clippy]

Well, got to squeeze them till they squeak!