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13
Oct
2015

Why I am not buying any more property

  • Jason McClean
  • 1548 Views
  • 4 Comments
  • No tags

AS a landlord with a small portfolio of seven buy to let properties bought over the last 15 years, I have made a decision not to invest any further in the sector thanks to new tax laws from the UK Conservative Government. From 2021 I will be taxed on turnover on my properties rather than on profit made from the…

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06
Oct
2015

Rents rising slower than house prices

  • Jason McClean
  • 524 Views
  • 0 Comment
  • No tags

ACCORDING to the Office for National Statistics rents have risen approximately 10% since 2011 and that is great news for landlords. In the same time though, property prices have risen by approximately 20%, so is even better for homeowners. But the spectre of rising tax costs and interest rates are dampening the landlord market now. These are going to add…

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24
Sep
2015

Increasing rents for landlords

  • Jason McClean
  • 480 Views
  • 0 Comment
  • No tags

I HAVE written elsewhere about the changes the 2015 Summer Budget will have on private landlords and how they will be out of pocket thanks to increased taxation. Today I am offering a straightforward solution, the only one I think will work – and that is to increase rents. Very few landlords will be able to sell their properties and…

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21
Sep
2015

Housing crisis in England – call on Osborne to reverse tax changes

  • Jason McClean
  • 481 Views
  • 0 Comment
  • No tags

Housing crisis in England - call on Osborne to reverse tax changes A BBC Inside Out investigation has shown the stark reality of the housing crisis in England. Between 2011 -2014 a total of 974,000 new homes were needed but only 457,490 were built. That abject failure to meet demand poured on top of new tax laws proposed by George…

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15
Sep
2015

Jeremy Corbyn and landlords

  • Jason McClean
  • 464 Views
  • 0 Comment
  • No tags

SHOULD landlords be worried that Jeremy Corbyn is the new leader of the Labour party? The left winger has some clear thoughts on the private rental sector. Jeremy Corbyn’s election to leader of the Labour party was with a landslide majority of 60% and despite the media and his own party warning he is unelectable, he has already proved the…

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09
Sep
2015

What next for the landlord tax?

  • Jason McClean
  • 423 Views
  • 0 Comment
  • No tags

AS you know I signed the petition against the new unfair tax on landlords and have urged you all to do the same. Every day that passes seems to throw up more arguments how this is such a blatantly unfair tax grab but that alone will not stop its progress to law. However, I have had the below response from…

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28
Aug
2015

2015 Landlord tax hike is as good as confirmed

  • Jason McClean
  • 470 Views
  • 0 Comment
  • No tags

HAVE a read at the below response from The Treasury that arrived today about the proposed tax rises for landlords due to come in from 2017 onwards. In my view this is a complete faux paux. It tries to dress an unreasonable tax up as levelling the playing field for homeowners. But the fact is private landlords are now going…

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24
Aug
2015

Get signing the Say No to George Petition

  • Jason McClean
  • 457 Views
  • 0 Comment
  • No tags

LANDLORDS, let me make this very clear, we need as many signatures on the www.saynotogeorge.co.uk petition as we can or your livelihood and investments will be under serious threat and you could go bust. I am not exaggerating and I suggest you speak with your tenants as well, because the outcome of this tax grab is they will end up…

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21
Aug
2015

Is the Government destroying the Private Rented Sector in the UK?

  • Jason McClean
  • 479 Views
  • 0 Comment
  • No tags

PROPERTY 118 owner Mark Alexander is someone I respect enormously as a businessman and fellow landlord. He has announced he is planning to leave the UK and sell his property portfolio in an attempt to avoid financial disaster as set out in the summer budget 2015 where landlords have to pay tax on borrowings. This got me asking the question,…

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13
Aug
2015

How landlords can raise rents fairly

  • Jason McClean
  • 447 Views
  • 0 Comment
  • No tags

STAYING on the theme of earlier blogs around the Summer Budget 2015 affect on landlords, I am writing today about how landlords can raise rents fairly to cover the new tax burden due to come in to play in 2021. On my own seven properties I will need to pay a further £2000 tax in today's terms in 2021. That's…

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