Capital Gains Tax forcing landlords to quit in record numbers - claim

The government and councils obviously don’t want the LLs to provide good, honest, clean housing.
For the past few years they have been chipping away at LLs with all there plans that have become too many to mention.
So Private LLs are selling up in their droves.
This will all come home to roost very soon when Government and Councils will have to provide accommodation for all these families.
That will be in cheap B&Bs and Budget Hotels.
All at a massive cost to the public purse.
But of course they know best. NOT.

Not a surprise to anyone with an IQ above 9 🧐, so no government minister then. The plan was simple…. Shear us like sheep whist at the same time make it difficult for us to get out and sell. If we are selling in “ droves” then I expect an evictions ban and rent freeze very soon, aka… like Scotland.

Hello, but it’s not just C/gains tax is it just Add Section 24, Section 21, end of fixed Term Contracts / AST with THE WHITE PAPER to grant Tenants Tenancies in perpetuity no need to mention all the other Compliance burdens like licensing taking millions of Private Landlords in every Borough, so it’s just another tool in their armour to get rid of us for Lloyds / Lewis / L & G etc to take over. They take us for rip clowns

Government policy is driven by those who make the most noise. All these rent alliances shout loudest but who actually are they? None of my tenants for sure. The idiots in parliament led by Gove are like sheep. Totally clueless, no concept of cause and effect and addicted to Twitter. They have destroyed the BTL sector and have no alternative policy in place. I fear for my tenants, life is about to get very uncomfortable for them.

Another nail in the coffin - Gen Rent, Shelter start taking your vitriol out on the Government not LLs. The Govt is single handily destroying the PRS - I hope you have a build program in mind for affordable housing Jeremy!

I have a nice 2 bed Victorian terraced coming vacant in early Jan, 2 bathrooms, off road parking and a good size back garden, a 5 minute walk to Norwich city centre , others in the area have been selling for £185k - £215k, rent around £800 a month, I paid £25k for it in 96 so the CGT would be through the roof, I'm going to rent it again but only to the right tenant with the right guarantor.

IF landlords are selling up in "droves" it's NOT the minor changes in CGT allowances in the pipeline but all the other anti decent tenant measures.

The changes in CGT allowances will only cost landlords less than £1800 and then £3600 per property sold, so really neither here nor there in the scheme of things.

I'm still staying put despite everything the SNP is throwing at decent landlords and tenants currently.

The article seems to assume the reason for the increase in sales is due to GGT. Is the higher interest rates the final straw? Were the landlords asked why they were selling?

I think jumping ship is a knee jerk reaction, Governments are led by the nose and change policy like the wind. Mortgage rates will start dropping back and those that stay will profit, simple supply and demand economics. This current crisis has forced me to increase rents which in turn increase profitability.

I have 6 No EPC ‘C’ among my lot difficult enough to achieve.
The Cavity Walls were insulated, multi- layer Insulation type pinned under ground wooden Floors as there was 700mm void under which allowed me to do it, 300mm in the loft, double glazing a new Vaillant Boiler that’s about it really but some have insulation between ground & first floors.

My selling plans are not knee jerk, I too have older properties that will not achieve a C without a huge amount being spent, not going to happen at my age. It’s not a battle with the government, BTL has allowed me to build a sizeable cash sum in terms of selling them, even after CGT. I just want to travel and enjoy my latter years, life is not infinite, we all have a check out date… most don’t know it though.

Andy Marshall well done you made the right decision. They are determined to smash PRS by every means possible.
Forget EPC Regulation’s that now pails into insignificance with the Attack by Ealing Council who held an online Seminar Course this evening still going on but it keeps breaking down they are out of control and 100% going to destroy PRS by every means possible if you thought EPC was a problem this is designed to do far my damage.
They already had Mandatory licensing, Additional licensing + Selective license in 3 Wards now have permission from housing Minister to add 12
more Ward’s so Its whole Borough at a huge Cost + of Course taking control of your Property off you, the reds are here keep well clear of London.

They don’t care about the homeless this is doing more damage. All they want is unearned income for themselves just like the useless Mayor.