Homeowners doing their own electrical work
- Thread starter andyr123
- Start date
Sponsored Links
Because I have some comments relating to your long and inaccurate diatribe about what a hard life you have and how it isn't fair and the foreigners get all the breaks and the government hates you
You will turn anything against anyone that doesn't agree with you and call them racist and everything else. You are a complete dumbass and your matey noseal is also a dumbass and you deserve all the abuse you get.
Why do you consider running a property for rent not a business when being an electrician is?
Well, of course you have chosen an extreme example but if someone choses to, as you say, invest in property rather than invest in a vehicle and machinery as their business then any interest on loans is an expense.
Perhaps you should ask why the same rules are not going to be applied to corporate or foreign landlords which was the main point of mentioning it.
Sponsored Links
Don't bother with him ffs it's the same sh1t everytime
Would the rent on a hedge fund office not be an allowable expense?
I didn't.
I specifically said "You're talking now about people borrowing, to fund an investment on which they hope to make money? But they haven't set up a property company or investment company with filed accounts, and just pay personal tax?"
Why do you consider that a person borrowing money to invest in property should be treated more generously than a person borrowing money to invest in Premium Bonds, or shares, or Krugerrands?
If you buy a house to live in, you don't get tax relief on the interest. Why should the BTL investor be treated more generously than the occupier?
Last edited:
Time for your meds.
What difference does it make whether they have set up a company?
Can they not be self-employed?
Why do you consider that a person running a business speculating in Krugerrands hoping to make money should be treated more generously than a British person borrowing money to run a property business?.
...but you appear to think they should be treated more favourably than British private landlords.
...but they won't be if the Government proposals come into force.
Show me where you think I said that.
Strange that you have started to bring nationality into it.
Do you think a British person investing in Sovereigns should be taxed differently to a British person investing in Krugerrands? What if they were investing in National Grid shares?
What about an Irish person speculating in UK housing stock?
What if the British person is domiciled abroad, and the Irish person is domiciled in the UK?
...which implies (states) that they are treated more favourably which isn't the case and in future may be treated less favourably.
That was my initial point - that the proposed rule changes will not apply to corporate or foreign owners.
Am I wrong?
Sponsored Links
