Taxman to hunt BTLers!
29 May 2007, 09:03 PM
#1
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Taxman to hunt BTLers!
Thousands of buy-to-let families face tax shock-Life & Style-Property-Buying & Selling-TimesOnline
For those of you who have 'forgotton' to tell Gordon about your BTL
Personally I commend him, after all we need more money in Govt coffers to fund illegal wars and hand out benefits to spongers
For those of you who have 'forgotton' to tell Gordon about your BTL
Personally I commend him, after all we need more money in Govt coffers to fund illegal wars and hand out benefits to spongers
29 May 2007, 09:13 PM
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I think the relevant paragraph from the article is:
" .. The campaign represents the latest attempt to extract as much tax as possible to boost revenue for the Exchequer. Britain will have the biggest budget deficit in Western Europe next year .... "
Says it all about Billy Liars legacy!
Dave
PS: I know Flash has been Chancellor all this time but Billy Boy has been his boss ...
" .. The campaign represents the latest attempt to extract as much tax as possible to boost revenue for the Exchequer. Britain will have the biggest budget deficit in Western Europe next year .... "
Says it all about Billy Liars legacy!
Dave
PS: I know Flash has been Chancellor all this time but Billy Boy has been his boss ...
29 May 2007, 09:23 PM
#4
Sooner we rid this country of Labour the better, hammer those who help themselves to pay for those who just sith on their ***** and them import every waif and stray from the rest of the world.
29 May 2007, 10:01 PM
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Sounds fair to me. This is about those who have avoided their tax up to now, or made unfair declarations in order to reduce their bill. In the same way as I'd be happy to see my neighbour bought to book if they dodged their council tax, this is fair and right that those that break the rules are made to pay up!
29 May 2007, 10:55 PM
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Wonder if they'll go as far as to check how much of declared "expenses" is actually legit expenses on the BTL property ...and how much is any receipt for anything even slightly vaguely house related that can be thrown in.
I know a few people who apparently spend an awful lot on the BTL houses.....and yet its the main residence that seems to get all the benefit.....
I know a few people who apparently spend an awful lot on the BTL houses.....and yet its the main residence that seems to get all the benefit.....
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29 May 2007, 11:49 PM
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Always happy to have a bash NL with the same stick they wack the New Working classes, but this seems totally legit. It's chasing tax on a commercial income and chasing any fraudulent offsetting. Fair enough, and you get to carry forward losses too - well for now at least but I'm sure they are 'on' to that bit of fair play back 
D
D
29 May 2007, 11:51 PM
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Wonder if they'll go as far as to check how much of declared "expenses" is actually legit expenses on the BTL property ...and how much is any receipt for anything even slightly vaguely house related that can be thrown in.
I know a few people who apparently spend an awful lot on the BTL houses.....and yet its the main residence that seems to get all the benefit.....
I know a few people who apparently spend an awful lot on the BTL houses.....and yet its the main residence that seems to get all the benefit.....
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