Best Of

Another attack on us hardworking landlords.

Landlords could face national insurance on rental income in budget

The Treasury is considering a plan to apply contributions on the ‘unearned income’ as Rachel Reeves addresses a £40bn hole in public finances

https://www.thetimes.com/uk/politics/article/landlords-national-insurance-tax-rental-income-xr085xd6s

Yet another kite goes up in the air.

Wont happen.

Landlords would just slap the NI onto rents.

For the umpteenth time, the rent you can charge for your property is a function of the supply and demand for rental properties, not the underlying costs to you. Otherwise, outright owners would be charging next to nothing in rent.

This will restrict supply of rental properties somewhat as they become uneconomical for some landlords. By the same token, that means there will be more people not renting as more houses come on the market to buy, so demand for rental properties will fall too. The net effect on rents is difficult to work out as it depends on elasticities etc etc, but it's not impossible that rents actually fall as a result.

Charging NICs on everything is a roundabout way of merging NICs and Income Tax. I approve, though it will certainly harm my finances.

Another attack on us hardworking landlords.

Landlords could face national insurance on rental income in budget

The Treasury is considering a plan to apply contributions on the ‘unearned income’ as Rachel Reeves addresses a £40bn hole in public finances

https://www.thetimes.com/uk/politics/article/landlords-national-insurance-tax-rental-income-xr085xd6s

Yet another kite goes up in the air.

Wont happen.

Landlords would just slap the NI onto rents.

For the umpteenth time, the rent you can charge for your property is a function of the supply and demand for rental properties, not the underlying costs to you. Otherwise, outright owners would be charging next to nothing in rent.

This will restrict supply of rental properties somewhat as they become uneconomical for some landlords. By the same token, that means there will be more people not renting as more houses come on the market to buy, so demand for rental properties will fall too. The net effect on rents is difficult to work out as it depends on elasticities etc etc, but it's not impossible that rents actually fall as a result.

Charging NICs on everything is a roundabout way of merging NICs and Income Tax. I approve, though it will certainly harm my finances.

Some want to rent eg if they work on contracts and move around the country a lot, are students etc and if there are fewer homes to rent there will be more demand from them for the homes still available to rent, pushing up rents overall.

The policy would of course be ludicrous, National Insurance was set up to fund National Insurance, some healthcare, contributory unemployment benefits etc not to be some class war tool for useless Labour governments.

The report also says sellers of higher value homes will be hit with CGT when they sell, which would have the reverse effect of reducing the number of homes available to buy at that level

And income tax was established to finance war with France.

Are you really arguing that the original purpose of a tax is the only legitimate use for funds raised?

War with France sounds like a far better use of my taxes than most of the rubbish it gets spent on. I vote we start the immediate construction of hundreds of giant trebuchet to stand on the cliffs of Dover and hurl things like pigs bladders filled with offal at Callas. That would leave me with a warm glow inside after writing every tax cheque!

You may not like her high-pitched wailing, but that seems over the top, especially given she’s been dead for quite some years now.

‪@libdems.org.uk‬

Nigel Farage and the Reform Party’s Taliban Tax means sending hundreds of millions of taxpayers' money to an oppressive regime that British soldiers fought and died to defeat.

https://bsky.app/profile/libdems.org.uk/post/3lxewslar452d

Should have fought harder as they whipped our asses.

It was the US Biden administration's decision to withdraw that handed it back to the Taliban, without that withdrawal western troops would still be there now and no need for us to take migrants at risk from the Taliban who had helped western forces

The US Biden administration ineptly following through on a process negotiated by the previous US Trump administration?

Another attack on us hardworking landlords.

Landlords could face national insurance on rental income in budget

The Treasury is considering a plan to apply contributions on the ‘unearned income’ as Rachel Reeves addresses a £40bn hole in public finances

https://www.thetimes.com/uk/politics/article/landlords-national-insurance-tax-rental-income-xr085xd6s

Yet another kite goes up in the air.

Wont happen.

Landlords would just slap the NI onto rents.

For the umpteenth time, the rent you can charge for your property is a function of the supply and demand for rental properties, not the underlying costs to you. Otherwise, outright owners would be charging next to nothing in rent.

This will restrict supply of rental properties somewhat as they become uneconomical for some landlords. By the same token, that means there will be more people not renting as more houses come on the market to buy, so demand for rental properties will fall too. The net effect on rents is difficult to work out as it depends on elasticities etc etc, but it's not impossible that rents actually fall as a result.

Charging NICs on everything is a roundabout way of merging NICs and Income Tax. I approve, though it will certainly harm my finances.

Some want to rent eg if they work on contracts and move around the country a lot, are students etc and if there are fewer homes to rent there will be more demand from them for the homes still available to rent, pushing up rents overall.

The policy would of course be ludicrous, National Insurance was set up to fund National Insurance, some healthcare, contributory unemployment benefits etc not to be some class war tool for useless Labour governments.

The report also says sellers of higher value homes will be hit with CGT when they sell, which would have the reverse effect of reducing the number of homes available to buy at that level

And income tax was established to finance war with France.

Are you really arguing that the original purpose of a tax is the only legitimate use for funds raised?

War with France sounds like a far better use of my taxes than most of the rubbish it gets spent on. I vote we start the immediate construction of hundreds of giant trebuchet to stand on the cliffs of Dover and hurl things like pigs bladders filled with offal at Callas. That would leave me with a warm glow inside after writing every tax cheque!