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No sympathy for tax plight of buy-to-let landlord – Star Letter 02/10/2015

by: Mortgage Solutions
  • 02/10/2015
  • 0
No sympathy for tax plight of buy-to-let landlord – Star Letter 02/10/2015
Each week, we round-up the best comments, emails and letters to the site and pick one reader contribution as our Star Letter.

This week’s award goes to Ken Hayden for his comment on: No grounds for giving buy to let better tax treatment – Vince Cable

If buy to let is a business then run it through a limited company. For the majority it is an investment. If it were down to me I would tax buy to let at 5% of the house value each year, after all, dividends are taxed. The sooner buy-to-let landlords dump the properties, the sooner normal people will be able to afford to buy a home instead of paying someone else’s mortgage. I am sick of the smug attitude of buy-to-let landlords who have caused mayhem in the market, concentrated wealth and feed off those who have to live somewhere.

 

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