Landlords and the 2015 budget

The highlights for landlords in the 2015 budget are -

• Stopping landlords from preventing tenants from sub-letting
• Implement 7 waiting days for Universal Credit in July 2015
• Restricting access to Universal Credit for EEA migrants who are out of work.
• First time buyers helped by new 'Help to buy ISA'
• Low interest rates to be "locked in".
• £13 billion sale of UKAR mortgages - Northern Rock and Bradford and Bingley (Mortgage Express) sale to reduce national debt which followed after bailing out the banks.
• Review of avoidance of inheritance tax through deeds of variation.
• New tax evasion penalties for professionals who assist.
• Measures to build northern economic powerhouse focused on Manchester.
• 20 new housing zones.
• Personal tax free allowance raised to £10,600, then raised to £11,000 in 2017.
• Higher rate tax threshold  rising to £43,300 by 2018.
• New personal savings allowance - £1000 of savings will be tax free. 

Further comment -

The #Budget2015 ignored rental supply and failed to help landlords or tenants - "it's a landlords' nightmare" according to RLA.
— Telegraph Property (@TeleProperty) March 18, 2015

What impact will #Budget15 have on UK housing? RICS' Chief Economist, Simon Rubinsohn, explains: http://t.co/GfpGBEYZoL #RICSresi
— RICS (@RICSnews) March 18, 2015

#HelptoBuy ISA a diversion from real issue of supply says property industry #Budget2015 http://t.co/MgWY5xqbJ0 pic.twitter.com/xLo0cdJUrU
— Telegraph Property (@TeleProperty) March 18, 2015

'Manchester could gain £1.3bn from #businessrates' reports @AlexHorneEG @estatesgazette #Budget15 http://t.co/Gqyez7BuSA
— Deloitte Real Estate (@DeloitteUK_RE) March 18, 2015

First-time buyers to get up to £3,000 Government savings boost in Budget http://t.co/S6y7k6sPv6
— Telegraph Property (@TeleProperty) March 18, 2015

The @estatesgazette at a glance #Budget2015 guide http://t.co/NNvVIxPvNb pic.twitter.com/R4IkUKoQdr
— Jack Sidders (@JackSidders) March 18, 2015

Save up to £200 a month towards your 1st home & government will boost your savings by 25% - https://t.co/KbGns52eu8 pic.twitter.com/LWnUpB1cLN
— HM Treasury (@hmtreasury) March 18, 2015

Putting the Help to Buy ISA into perspective http://t.co/iQjMclYiNh pic.twitter.com/ncFsQiBnNI
— Lucian Cook (@LucianCook) March 18, 2015

Recap on #budget2015 today and read our response to today's announcements: http://t.co/IiMJDc9DJW
— Joseph Rowntree Fdn. (@jrf_uk) March 18, 2015

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