H M Government – George Osborne & Co Landlord Tax Grab Update
There has been an important discovery about the original source of the data that George Osborne and HMRC have based their unnecessary and ill thought out new taxation legislation.
This will affect the whole residential market, but NOT in a good way for tenants or first time buyers. Yes it will affect landlords and many may leave or sell their portfolios to bigger corporate investors.
This link will provide more information about the poor reputation and possible cronyism of the landlord tax grab resource.
Just follow this link for an enlightening read at Property 118 Landlord News
May be the conservative government ministers have already safely secured their property portfolio holdings in limited companies?
If you are a landlord or tenant, write to your MP and ask them to abolish this legislation.