Taxing Landlords on INCOME and not PROFIT may not be entirely legal.

After a few weeks of raising enough money to afford solicitors, in a statement put out on Social Media Channels, this is the update :

We are pleased to report that the judicial review of section 24 of the Finance (No. 2) Act 2015 has a “reasonable chance of success” according to our legal team, which includes Cherie Blair QC, Connor Quigley QC and Sarah Hannett.

The next step is for our lawyers, Omnia Strategy LLP, to send a letter outlining our case to the Government with a view to commencing judicial review proceedings. We will continue to update our funding partners and supporters on our progress in this matter. We expect the letter to be sent next week and will provide a further and more detailed update in the near future.

We will also be in further contact with key decisions makers within the various landlord, property, accountancy and other organisations to explore areas of common interest.

Your continued support and patience is both appreciated and welcomed.

If you have any questions or constructive thoughts, please leave a comment and we will answer you as quickly as we can. Thank you.

Steve Bolton & Chris Cooper

Only time will tell, but it’s heading in the right direction.  We’ll keep you up to date with any further updates.

You can join the Clause 24 Facebook Group to keep up to date.

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