Chris Bailey Discusses Section 24 [VIDEO]

Chris Bailey Discusses Section 24 [VIDEO]

Chris Bailey, Chartered Accountant, landlord and Founding Director of Less Tax 4 Landlords, speaks with Vanessa Warwick for PropertyTribes.com about his thoughts on Section 24 and where the government could go next.

 

 

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Watch the full video of the Landlord Investment Show ‘Fireworks of Brexit’ debate with Iain Duncan Smith and panel of experts.

Watch the full video of the Landlord Investment Show ‘Fireworks of Brexit’ debate with Iain Duncan Smith and panel of experts.

 

On the 5th of November there were fireworks of a different sort at the National Landlord Investment Show in London’s Olympia Exhibition Centre. Less Tax 4 Landlords founding director Tony Gimple was joined on stage by Iain Duncan Smith (former leader of the Conservative Party), Andrew Neil (broadcaster and journalist), David Smith (Sunday Times economics editor and Property Notify columnist) and Gavin Fraser (managing director of High Street Residential) for a lively debate discussing all things Brexit, politics and how the outcome of the next UK general election will impact private landlords and the UK property market.

The first half of the debate focused on the election, with the seemingly right-leaning panel discussing the possible outcome and the challenges that each one presents.  Also how each outcome impacts the Brexit position and its timetable.

Tony Gimple believes that with a Tory majority we will leave the EU and the country will get on and forget about Brexit and do what the UK is best at, which is being a free-trade zone, bringing the best into the UK and outputting the best. However, he went on to say that if it’s not an overall Tory majority he wasn’t sure what the outcome would look like. He said, “the truth of the matter is that Brexit has been a sideshow.”  Jump to question here. 

In contrast, Andrew Neil questioned Gavin Fraser about his opinion on the deadening effect of Brexit uncertainty on UK investment.  Gavin believes Brexit is critical to the property market, property development is funded by foreign capital and the flow of capital in and out of the UK is fundamental to getting supply and demand right.  Jump to question here.  

The panel seems to be unanimous in thinking a Corbyn government would be bad news for landlords, says Andrew Neil, but already under a conservative government landlords have had to endure a ban on tenant fees, a cap on deposits, stamp duty levy of 3% on landlords and the government have been looking at three year tenancy terms. He asks Iain Duncan Smith, “what else do you have in store for landlords?”  Watch Iain Duncan Smith’s answer here. 

The audience was then given the opportunity to ask questions which covered topics such as the possibility of a Conservative government reversing George Osborne’s decision to cancel tax relief on Buy-To-Let mortgages. Hear the question here.

Andrew Neil concluded saying that there are a lot of issues to resolve relating to housing and the property market, and he urged landlords to speak to politicians and to ask them about the issues that concern them the most and to try hard to get housing higher up the agenda. Only then might Landlords get some worthwhile changes.

 

 

2019 Property Investor Show Panel Debate. Watch ‘The State of the Market’ recording in full.

2019 Property Investor Show Panel Debate. Watch ‘The State of the Market’ recording in full.

 

On the 4th October 2019 at the Property Investor Show, Less Tax 4 Landlords founding director Tony Gimple was joined by Richard Blanco (London Representative,The National Landlords Association), David Cox (ARLA), David Smith (Policy Director, RLA) with the debate hosted by Kate Faulker (BBC TV & Radio personality and Managing Director of Property Checklists).  Together they discussed the state of the property market. View on You Tube here.

Each panellist gave their thoughts on the key topics that investors and landlords should consider. Some discussed macro and micro economics, including the impact of Brexit on the property market, whilst others talked about issues such as the abolition of Section 21. There was even a discussion on the pros and cons of Rent to Rent.

The panellists also expressed the view that, given somewhat subdued demand as a consequence of anxiety about Brexit when (and if!) it eventually happens, pent-up demand is building. And, with supply levels in many parts of the UK being so low, this was likely to lead to a market ‘bounce’ in the future for a brief period, although probably not in the longer term.

On tax, Tony Gimple pointed out that 58% of landlords had reported their 2017-8 tax bill was higher than the previous year as a result of S24, with only one in eight consulting a specialist tax adviser for help. It was agreed by all that this was the one area that landlords and investors seek specialist advice as it’s important to get help before future tax changes come into effect.

 

 

 

BBC’s Andrew Neil questions panel of experts (including Iain Duncan Smith MP) on Brexit, Government policy, intervention and the future of the Buy to Let market

On the 21st March at the National Landlord Investment Show, the Rt Hon Iain Duncan Smith MP joined a panel of experts, including Less Tax 4 Landlords founding director Tony Gimple, to discuss Government policy, intervention and the future of the Buy to Let market.

Chaired by BBC politics presenter Andrew Neil, the panel also featured Paul Mahoney (Nova Financial Group) and Sarah Davidson (Knowledge and Product Editor at the Mail Online’s money section, This is Money).The debate ranged over a wide variety of pertinent topics, such as Brexit and house-building, as well as the obstacles homeowners and landlords currently face.

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Proper Wealth Episode 13 -Buy to Let Property Tax

https://www.youtube.com/watch?v=ck0I3iVxciw   Learn about the three major changes in relation to property and property investment in this interview with Tony Gimple (Less Tax For Landlords) and Paul Mahoney (Nova Financial Group). The changes in tax have forced...

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