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Wednesday, August 05, 2015

Petition against loss of landlord tax refief

Property Hawk likes a good campaign; so we were obviously keen when asked to support one against the latest budget tax changes.

We are also a little confused by the Chancellors latest move on removing the interest tax relief but only for higher tax payers.  Far from simplifying the tax system it seems like an accountants charter to confuse and complexify something that was fairly clear cut and in my view right.

Landlords - despite many erroneous claims from disaffected groups don't get huge tax breaks.  In fact, much less then other businesses.  We also miss out on the huge tax break that homeowners get when they sell their property.

For these reasons we are happy to add support to this petition calling for the reverse of this tax change.

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