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TODAY'S OTHER NEWS

Happy New Year from Landlord Today and Angels Media

Many of us will be glad to see the back of 2020 for obvious reasons.

For landlords the Coronavirus crisis has been amplified by successive eviction bans and the continuing political campaigning against the private rental sector by both government and opposition parties, as well as unelected pressure groups.

We can hope for better things in 2021 but the omens are not good - possible tax rises and further controls on Section 21 powers look likely.

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Whatever happens in the next 12 months, Landlord Today will be a constant source of news and information for you.

In the meantime, have a Happy New Year from the Landlord Today editorial team and everyone at Angels Media.

Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.

  • George Dawes

    The way things are going we won't have any houses left to rent by next year

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    The strong will survive, yes all kinds of rules and red tape being forced upon us, but for me it's the best use for my cash, being a landlord is all about experience in the real world, along the way I've made mistakes, been there and got the tee shirt, but in life we learn from our mistakes which makes us wise the next time, hence only working tenants and no single mums, having had my fingers burnt over the yrs those are my rules now.

     
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    I'm very happy with the yields I am getting and capital growth seems to have become quite healthy again.

    The more rules and costs imposed on us, the fewer properties and landlords remain to serve a growing demand for rental properties and the higher the market rents achieved.

    Happy days!

     
  • George Dawes

    Quite true , for me references are now king , Got fingers burned with a right pair recently. From a very well known family , kid turned out to be a wrong un , rushed into the property by an incompetent agent and just glad they've gone - rather have it empty tbh

    Onward and upward , 2021 .. things can only get better ( fingers crossed )

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    No more risk taking with tenants now, if they don't check out or even the gut feeling isn't right then the answer has to be no.

     
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    • 01 January 2021 09:53 AM

    And a higher deposit?

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    We might be glad that 2020 is over but we will far more sad when 2021 is over. What Rishi Sunaki has in store for us more of the same only worse for Private home owners & LL's being driven out by unfair and unjust Rogue Regulations, that only applies to Private Property owners and not people who hold the property in a Company. 2021 is going to be a total Disaster c/gains tax increased to our tax rate in March 40/45% for many or more Private LL's with the Section 24 pushing them into higher tax bracket. Then going to tax us twice plus death Duty another 40% on top previously you paid C/gains or IHT now going to be both. Companies will only pay Corporation tax at 19% and not affected by Section 24 its ridiculous.

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    The Gov' is manipulating the property market, currently a mini boom a big rush to get out before Stamp Duty comes back on property up to £500k or increased, and the c/gains increasing from 10/18/28% to 40/45%. sales are flying at the moment with private property owners trying to get out in time, being bought up by portfolio Ltd Companies LL's, unaffected for the most part with no S24 for them and pay less than half our tax, they are laughing all the way to the Bank at our expense. I like the Farmers economics as well count the sale price as profit forget about costs. Say you bought the House for £100k years ago now valued at £300k so you'll probably get tax 40% on £200k they forget about inflation, forget you didn't actually buy it for £100k because you broke your gut working to pay more than double over 20/25 years on the Mortgage. Its called the simplification of the tax system they want to tell us morons, its very simple they take all. We might as well have John McDonnell's labour at least he told us he would take the property off us.

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