Tell me why - if a landlord has to pay an extra 2% why they would not pass it on to the Tennant
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Budget
- Thread starter Koolpc
- Start date
£102 after the 2% increase in tax on rental income
He found find a tenant willing and able to pay £100.
He didn't find a tenant willing and able to pay £102
If he had done, that's what he would have charged.
Tenants available spend does not vary according to the tax rates, or the mortgage interest rates, or the cost of school fees, of the landlord.
If the landlord charged £100 when he was paying 40% income tax, what will he charge if he drops into the 20% tax band?
He didn't find a tenant willing and able to pay £102
If he had done, that's what he would have charged.
Tenants available spend does not vary according to the tax rates, or the mortgage interest rates, or the cost of school fees, of the landlord.
If the landlord charged £100 when he was paying 40% income tax, what will he charge if he drops into the 20% tax band?
Nope - he found a Tennant willing to pay £102
Where are these £100 rentals you speak of?
Will have to get the Black And Decker out.
Stick around. They've still got another 4 years.
Like the OBR you mean
The Office for Budget Responsibility’s fiscal outlook also warned that the policy could result in rising rents,
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As if!!
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Low paid need to have better wages. Why shouldnt they? Why shouldnt that wage be a realistic living wage instead?
There are too many employers who dont care about their staff. If they cant pay them properly then dont get involved in running a business!
This budget has shat upon the poorer of the nation, like always. Its a disgrace.
There are too many employers who dont care about their staff. If they cant pay them properly then dont get involved in running a business!
This budget has shat upon the poorer of the nation, like always. Its a disgrace.
Apparently the tax code is 22000 pages long
Largest / biggest tax code in the world
Jeez us wept
Country is drowning in pencil pushers / paper shufflers and consultants / administrators
Churning out yet more rules and regs and BS
You missed out the biggest factor.
FPTP electoral system, meaning any government has to pander to the loudest / whingiest voters, rather than set a consistent course for the betterment of the country as a whole.
The rules are, at least in part, written to reflect the whims and whines of the electorate.
I suppose it will be better to underestimate your mileage and top it up at the end of the year rather than overestimate it? Maybe there will be an option to pay monthly in arrears if the technology is availible. I know on our hybrid car the mileage can be reported remotely, perhaps there will be a way got them to link directly to that?
…who up until Brexit, often worked in the EU for free. Brexit put a stop to that and he's complaining!You're just doing it wrong Lower, listen to the MOT tester.
