Carryon Regardless

The increased taxation is annoying, but it's the ever increasing risk of being a landlord that persuades me to get the hell out. I've 5 flats on the market in Wales, they are leasehold and possibly because of so much media attention that deters buyers. But soon enough the crap Wales created is coming to us in England, in an amended but similarly scary form. What is it we can actually still decide to do in running what used to be our business?

As I understand it, until there is leasehold reform, the Tories legislated 'some', but it isn't expected to be enacted for a couple of years or so, and by then Labour are expected to have amended / replaced it anyway. If we need to challenge the leaseholder, win or lose, we are liable for all legal costs. 'If' this is Comptons, their supposedly freelance, but in house, solicitor will be well aware of this. He bills his time as a grade A chicken, the judge in my case reduced his charges to grade C, saying that was all that was needed to administrate the case. It was an expensive experience for no positive outcome to me. But I had paid their solicitors salary for a while.

Comptons by any chance?

But at least independence is done with eh.

The grass is always.... 'ang on they've got more sand. Not wanting to chiss on your pips, but the eu is looking rather iffy in the foreseeable. It suffers and the member states take a dive. What is sure is that all western states, countries, organisms are needing much more dosh from us. That'll pay for the wars ahead, and the growth of the central command. What's left for the plebs wont be so much. But it's our youth that'll experience most of the new world order.

But she's got big *its. (Sir)Keir Starmer for one, Ed Miliband for another. So you don't think that having been a landlord that she will have sympathy for us?

I'm pretty sure that anyone standing under the name of Nota Pillocks would get their deposit back (None of the above).

I view that Gove, watching Wales & Scotland, realised that the backlash from these new tenant protections is causing more housing issues than the local Gov't's can handle. Another trap for Labour when they, like Wales, attempt to show how they know better. Removal of no fault evictions, 6 months notice of whatever we are allowed (becoming more like 12 months come court day), rent controls (as Scotland went for), more stringent energy rating requirements, will all cause LL's to hoof from the industry at speed. But 'we' know that. More tenants with nowhere to go (in the short to medium term at least), as LL's sell. How will Labour address that I wonder. My decision is to vote Reform. In hope that Farage will have some voice in the HoC. I don't sing his praises as ideal. But he is the only one, as I se it, who will challenge Starmer as he manoeuvres us back into the eu subversively. Other opinions are available of course, and in our artificial democracy there is nowt wrong with that.

Screwing more tax out of us isn't easy. I don't see it would bolster the treasury revenue by much to hit our profits any further. They might hit our capital gains again, but I think it would be v difficult to justify. If that matters anyway. I'm not saying that the politicians possess much intelligence, especially the jealous labour lot. But if this industry isn't going to look fruitful enough there isn't going to be enough takers in the future, to support the need for housing those the state can't support. Since so many of us older gits are bailing out, that is becoming crucial, if not critical. And there is (I believe) recognition of that. After all the media are now telling us how many tenants are being hoofed so their landlord can sell. I'm sure that labour are going to re introduce a rent reform bill. If that is too socialist, and I see that it may well be, there will be an increasing return to unsavoury practices to terminate tenancies. Landlords will see there is little to lose by such. I do feel there is a slow awakening at Westminster.

I would have thought that spending to improve a property is going to increase its value. So come ashes to ashes time, assuming that the inheritance tax threshold is passed, then the inheritance tax due is increased. Then, as peoples spend their dosh, those that will have increased revenues should then be paying more tax on their profits. The treasury sees a benefit earlier. But I see the principle of having a flippin' good time while we can, or a new kitchen to keep some one happy.

Unhappy to be corrected, as I hope I'm right (just not far right). There are signs that there has been recognition that the continual attack of LL's has created a rental property shortage. But how Labour would / will justify leaving us alone, while things balance out, would be a challenge for them. After all they have said how they are going to make our lives more difficult. But where the money comes from for their vague policies is as mysterious as where the magic money tree was planted by magic granpa.

From the Rayner thread, it strikes me there might be issues come the sale time of a capital asset. That many, including me are doing these days. As well as other costs, the purchase and pre rental costs are allowable deductions against our capital gains at sale. But if we aren't expected to keep records for more than 6 years (assuming the asset was bought many years ago), how are these costs demonstrable - if asked?

Maybe they can, it isn't something I'm aware of. But since we are only told to keep records for 6 years, they would need get their info from elsewhere.

So the police defended investigating something they weren't going to investigate. It's another example of our public services being absolute cr*p. "It'll be headlines so we need to look pro acive." They might have investigated at least one burglary instead of not saying "nowt to do with us" earlier.

It has been an interesting history lesson reading back over this thread. I has reminded me of my / our evolving thoughts on all this. The last coalition was a designed embarrassment for the Lib Dems, well Nick Cleg specifically. While i appreciate Starmer isn't the same as Cameron, with the smart ass style of belittling, I would imagine that the Lib Dems would be v cautious of going into another, to prop up the winner. Farage has stepped back. I believe that will leave Reform with a greatly reduced following. Besides, with him now going across to support Trump (is my assumption with him increasing his US activities) he will lose favour with many for that choice, me included. It becomes increasingly difficult to even see a least worst party. Thank f' we don't have a Hitler in the wings, waiting to promise everything to the millions of lost souls out there. Europe, on the other hand, may see such rises in the popularity of extremists.