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The Action Plan for Housing.
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<blockquote data-quote="Happyhonkaman" data-source="post: 7084541" data-attributes="member: 35595"><p>So despite all of the experts earlier in this thread who figured renting properties was a piss easy get rich fast scheme, it now seems that the government are going to look at tax breaks for landlords in the next budget because they are exiting the market in their droves and need to be kept on board</p><p></p><p>According to the IT today there were 716 homes to rent NATIONWIDE.. thats a focking shambles no matter where you stand</p><p></p><p>Separating the domestic landlords from the professional outfits is a no-brainer. The small fish paying over 50% tax on their rent on top of all landlord fees and the LPT, plus the costs of repairs etc - vs the REITs who are paying 12% minus all of the offsets they can engineer handy</p></blockquote><p></p>
[QUOTE="Happyhonkaman, post: 7084541, member: 35595"] So despite all of the experts earlier in this thread who figured renting properties was a piss easy get rich fast scheme, it now seems that the government are going to look at tax breaks for landlords in the next budget because they are exiting the market in their droves and need to be kept on board According to the IT today there were 716 homes to rent NATIONWIDE.. thats a focking shambles no matter where you stand Separating the domestic landlords from the professional outfits is a no-brainer. The small fish paying over 50% tax on their rent on top of all landlord fees and the LPT, plus the costs of repairs etc - vs the REITs who are paying 12% minus all of the offsets they can engineer handy [/QUOTE]
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