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G romit

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About Me

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my expertise in the industry

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G's Recent Activity

With Sec.24 phasing who would have thought that investors would switch to buying through a limited company.

From: G romit 14 August 2019 09:13 AM

".......Chancellor Hammond has reduced capital gains tax (CGT) on selling renting property which makes the exit from the market more expensive,” What!??!?!? CGT was reduced on the sale other all other asset classes except property. Once again an example of poor journalism which doesn't check facts and just reports things and regurgitates them as fact.

From: G romit 28 November 2018 08:34 AM

And how many are affordable? Let me guess "0", what happened to s.106?

From: G romit 20 June 2018 09:30 AM

This is not a balanced article and is acting as a mouthpiece for the propaganda spouted out by the Resolution Foundation. There is a very big difference between someone owning a second home to let out to other people, (or even convert to flats or HMO's), than a second home for their own use which reduces the availability of homes for others to live in. This is an article about the I want it all and I want it now mentality from people who want the flash cars, foreign holidays, latest smartphone, etc and then complain that they can't save enough for a deposit on a house.

From: G romit 23 August 2017 08:23 AM

.......probably BTL Landlords selling as dawn breaks over George Osborne's #TenantTax aka s.24 Finance Act 2015. Watch out for rents rising and homelessness soaring.

From: G romit 07 June 2017 09:19 AM

The housing crisis is only going to get worse. The Tory Government is punishing Landlords for buying off-plan (and providing vital seed capital for developers to build more), brought derelict houses back into use, converted overly large houses into flats/HMOs, BUT not anymore. Increasing taxes to over 100%, funnily enough, is deterring Landlords from investing. What this country needs is more investment in housing not less. The Tories are banking on the incentives they are giving their big corporate donor to build lots of affordable places to rent. Dream on. The train crash housing crisis is heading for the buffers with the Tories foot on the gas pedal.

From: G romit 06 June 2017 09:53 AM

..... and how many are Landlords selling their rental properties before s.24 starts to bite?

From: G romit 06 April 2017 12:43 PM

There's nothing left after George Osborne's hatchet job on the PRS. Would you let a roadsweeper operate on your brain? then why do we let politicians meddle in the housing market?

From: G romit 31 March 2017 08:49 AM

....so the Governments policy of deterring Landlords from competing with FTBs is working. NOT!

From: G romit 09 December 2016 11:17 AM

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