URGENT – SIGN AND SHARE the petition to avoid rent rises, widespread panic sale of properties and more homelessness in the UK …

In this years budget, the government decided that Interest on Mortgages for a buy to let property were not a legitimate expense and are looking to stop landlords claiming tax relief on their loans.

Hundreds of thousands of businesses in the UK are exempted from this for their machinery, plant and vehicle interest, but not properties which are apparently seen as an investment.

Anyone who has ever owned a buy to let property will agree that this is a full time job that keeps you busy, stressed and attentive to their customers, the tenants.

As well as that little box called ‘unearned income’ on your tax return, it’s a frustrating, worrisome time for landlords that will impact the largest and the smallest of buy to let property owner.

In fact, I personally do not think that this will go through due to the amount of conflicting legislation.

Here’s the link >>> https://petition.parliament.uk/petitions/104880

Can you imagine landlords who made a small income per month, now having to pay MORE in tax than the profit they received ? It’s a bizarre turn of events but one that could become very real should this piece of ill thought out legislation go through.

My personal immediate reaction is to raise rents. This would make it untenable for many of my tenants where I provide good quality housing at a fair rent.

So, sign this petition, before it’s too late.

Here’s the link >>> https://petition.parliament.uk/petitions/104880

petition

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