Why the gov make certain tax changes and why they say they are making them often are separate things. For example if you look at the basic tax changes it forces people to put everything into ltd companies which isn’t feasible for small landlords with 1-6 properties. Ltd companies tax structure will always be safe as most in gov, the wealthy and people in power run their asset portfolios through trusts and ltds which are sometimes set up in tax havens. Why the gov is now pushing the lower cgt is because the same people at the very top are sitting on a ton of cash that they need to get rid of or rather invest somewhere and best place to do that is in assets will will climb in value later this / next yr. High income tax earners are sitting on the best assets so getting hold of those will be great. My friends this is how you do a basic wealth transfer
@videos400586 ай бұрын
Thanks for the heads up. On the radio it say everything will get cheaper and the gov is now taking even more money. Dude how much tax to these people take?>:))) This ruined my little hope i had for having hopes to be a free man. Working is not really worth it. Never mind investing.
@LifestyleWithSofiaB6 ай бұрын
Your amazing love how you break things down. I’m subscribing 😊
@jamesproperty_6 ай бұрын
Awesome 🙌
@darrennicholson72036 ай бұрын
Great video that mate. Thanks for explaining
@jamesproperty_6 ай бұрын
My pleasure 👍
@nancyhood83956 ай бұрын
It's discrimination, no other businesses, pay tax on turnover!!!it should be challenged, tax is for all, not specified to one entity!!!
@John-ou4rm5 ай бұрын
No, it's just non deductibility of mortgage interest, although they've offered a 20% allowance. Why should landlords get mortgage relief when ordinary home buyers do not?
@nancyhood83955 ай бұрын
@@John-ou4rm but you don't pay capital gains tax when it's your own home ,you do when it's a buy to let ,CGT,,so buy paying cgt it makes it an investment, as so all expenses, including interest on loan are deducted as with ALL OTHER CGT PAYERS
@Speedkam5 ай бұрын
Yeah. And then you are surprised rents go up lol
@John-ou4rm5 ай бұрын
@@nancyhood8395 That's why they've split the model. If you're in a company format then there's one set of tax rules, and when you do it in a private function there's another. I have ZERO sympathy for Landlords, go invest your money into something that builds production and capability, not acting as a parasite rentier that adds nothing to the value chain and simply extracts funds from more financially vulnerable people.
@nancyhood83955 ай бұрын
@@John-ou4rm stocks and shares house people ,and so do banks ,you talk about parasites,
@Bacrenfencing6 ай бұрын
Property investment is dead now here in the UK..........absolute farce when section 24 was introduced. I sold up and invested everything in Bitcoin, best thing I ever did.
@tendecades0075 ай бұрын
Lol pie in the sky
@SamCaan-b1o5 ай бұрын
For you but not for wealthy people with large portfolios. Just ordinary useless Brits. You sow what you reap. You buy the papers and vote how u vote so stop crying.
@princephilip66235 ай бұрын
Section 24 for personal investment but on Ltd company, no section 24. Invest in assets not on virtual coins.
@JohnJones-k9d5 ай бұрын
Property should never be an investment, it should only be viewed as somewhere to live. Do away with all tax relief on properties. Replace purchase tax with 45% tax on the increase in value of the property when you sell it, regardless of income etc.
@SamCaan-b1o5 ай бұрын
Everything in life is an investment. In reality if no one invested in properties I wonder where renters would rent from? The properties in worse condition are from councils. Poor quality, poor maintenance and normally in high crime areas. Less landlords are investing in property and look at what’s happened with rent as a result of supply. People are clueless. Don’t understand the basics of the current housing structure. They want socialism but then vote for right win parties.
@antonino12345678910Ай бұрын
Can you also deduct service charge, management fees? Not with the company
@5183adam6 ай бұрын
Do U think they will eventually make the same changes but with ltd companies that they have with personal name properties
@Speedkam5 ай бұрын
No. Becait will hurt their billionaire chums
@videos400586 ай бұрын
Dude lets make a airb&b in Romania. There is nothing like here. I have all the resources I am also a builder and life is much sweeter down there.
@WiseWords78676 ай бұрын
Really? That’s great, how about the property prices? And property taxes?
@jamesproperty_6 ай бұрын
Sounds great! For now I’m investing in UK - but never say never :)
@videos400586 ай бұрын
Hi, I am taking that business opportunity back as i just realized how corrupted is that country and how annoying bureaucracy is yeah i think i was never spouse to say that :)) Ok How about Mars? :)) I just want to be happy :)) @@WiseWords7867
@videos400586 ай бұрын
@@WiseWords7867 HI no i changed my mind. In Romania is alot of buroucracy and corruption. Not a good idea to invest. i am affraid. Their mentality is same to russia.
@popaadrian605 ай бұрын
😂😂😂 yeah I’ve heard it’s a brilliant country for business if you wanna give up everything 😂😂😂
@ColinCromby6 ай бұрын
Very well articulated pal. Did you say applications for HMO’s no longer allowed?
@jamesproperty_6 ай бұрын
Thanks Colin! HMO applications are still allowed and you will likely require planning permission to do so if you’re in an Article 4 area. I can do a video on this if you like for more guidance? However it’s are looking likely they will introduce new (and more strict) planning permission rules for furnished holiday let’s - similar to what already exists with HMOs
@ColinCromby6 ай бұрын
Great! Thanks for taking the time to respond. No need for a video, all good. Have you a link for the university? I'm in!@@jamesproperty_
@DJL2103976 ай бұрын
Hi James, im interested in learning more. When will there be an opening on your property university programme?
@jamesproperty_6 ай бұрын
We open more JPU seats on 31st May. Stay tuned on my socials as we release the new waiting list soon 👍
@balance32015 ай бұрын
Do overseas residents pay cgt on main dwelling?
@mutesah5 ай бұрын
Thank you so much for this lecture
@steve63756 ай бұрын
Nice video but when you say 'tax' please can you be more specific. Do you mean Income Tax, Capital Gains Tax, Value added Tax, or what? You may know what you are talking about but it needs to be clear, precise and accurate! You say 40% 'tax' - is this based on higher bracket income tax? Does it assumes it is all at 40% and so you are also earning 50k from other sources? If you form a ltd company would you take income as dividends?
@jamesproperty_6 ай бұрын
Hey - apologies I thought I was clear on the income tax bracket for higher rate payers which is 40%. But your comment has been noted for the next video 👍
@badb0x5 ай бұрын
Landlords don't like losing money. They will buff the prices
@SeanWest-xb5cc6 ай бұрын
Good
@deepcleanhomes6 ай бұрын
You just demonstrated tax is on the out.
@garethwilliams44675 ай бұрын
Ok So I've been saving hard and can pay off my mortgage later this year about £90K. But I'm torn do I pay off my mortgage and be done with debt. Or do I carry on paying my mortgage, which willdouble to about £800 (I can afford this unless I get made redundant), and then buy 3/4/rentals using my 80K as a deposit. I should definitely be able to get 750 - 1000 per month per house in rent. I'm concerned with all these tax changes, I'm a high highest rate payer just how much I would make each year doing that and If it's enough to cover the mortgage/repairs. Not to mention if I sell I then need to pay CGT. Any sensible thoughts anyone ??
@nancyhood83955 ай бұрын
Never sell a btl ,unless absolutely necessary, REMORTGAGE ITS TAX FREE ,
@garethwilliams44675 ай бұрын
@@nancyhood8395 no the house I'm living in is currently the only one I have a mortgage on.
@user-Tortured-soul5 ай бұрын
That’s daylight robbery they see Landlords as easy targets.
@JohnJones-k9d5 ай бұрын
Ah, now let’s all cry.
@alexius81115 ай бұрын
Property investing is for the rich who have more money than they know what to do with. With current interest rates and house prices and tax on rental incomes it makes no sense . Stamp duty etc. is a joke. All the best investors there is better money to be made in bank deposits if you are sitting in cash
@DaTruth10176 ай бұрын
What if there's no mortgage on a property & a room is let out?
@gillianmillington77356 ай бұрын
if you live there, no tax
@tommytriggs5 ай бұрын
tax perks for the rich, bigger squeeze on the middle class....
@JohnSmall3145 ай бұрын
The Tories exist to protect the wealth of large landowners and rentiers. Therefore their policies benefit large landowners and rentiers not small landlords. In fact anything that's bad for small landlords is good for the people who own the Tories because they can snap up the assets of the small fry when they sell up.
@raljix15666 ай бұрын
Sensible changes
@Krisp7175 ай бұрын
Just buy Bitcoin. Non of this to worry about…
@roberthaynes86776 ай бұрын
Good!!!!! Whilst there are people without their own home the authorities are right to make multiple property owners a little bit more less lucrative. I’m in the mindset that it should be law that no one owns more than 3 properties. I’ve always thought that renting long term is dead money. Well not to the landlord as in the past he’s been laughing on his sun lounger!!!
@gillianmillington77356 ай бұрын
it's not that easy
@garethwilliams44676 ай бұрын
:) this is hilarious. And who are you to say 3 is allowed ?
@roberthaynes86776 ай бұрын
@@garethwilliams4467 people are struggling to get onto the housing ladder. With supply of affordable houses so low this in my opinion makes sense, or the rich will only get richer
@ty1945 ай бұрын
But you'd be the first to say that government and big banks/corporations are just fine to be landlords. Crabs in a bucket mentality.
@ScarzChosenspokesmen5 ай бұрын
Jealousy like this is disgusting. Why not save your own money and do something with it rather than hope those who have done so get sabotaged. I own multiple houses because I worked my ass off. Saved my money and never spent it on stupid things. I come from absolutely nothing and my siblings are still struggling to make ends meet. All i did different was save all my money
@aaronmccardie87956 ай бұрын
If you own more than one property and renting it out you should pay more tax in my opinion.
@mohammadsiddiqui35645 ай бұрын
That will increase the rent, which the same people complain to be very high.
@Alex-mu4ue5 ай бұрын
Time for landlords to pull up those bootstraps and stop eating so many avocados.Alternatively, might be time you get a job and contribute to society.
@crazytrain77215 ай бұрын
What an idiotic comment.
@jorgschulze33935 ай бұрын
What have you contributed? I built eight houses and 15 flats.
@JohnJones-k9d5 ай бұрын
@@jorgschulze3393what do you want a medal. So what?. I ran factories production building materials that were used in building 200,000 houses per year and employed 2,000 people.