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Old 10-03-2018, 11:15 AM #22
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Kizzy Kizzy is offline
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Join Date: Jan 2012
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Kizzy Kizzy is offline
Likes cars that go boom
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Join Date: Jan 2012
Posts: 41,755


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This is all the prophesy of doom... We don't know how socialist policies will play out as we haven't experienced them yet, this just smacks of fear mongering. I see you have the interests of the private landlord at heart as it encompasses the majority of your post.

The good landlords are not the ones who will be targeted, however slum landlords do exist there was legislation proposed to help people living in slum conditions and force landlords to make their properties fit for human habitation...it was voted down by the conservatives.
Rents too are not fair which is why we are seeing people subletting and living 10 to a room in some areas this too needs addressing.

I fail to see how a shift to the left would be so detrimental even the business markets are crying out for McDonnell now.
Socially, economically and financially how could we be any worse off... We aren't exactly living in the land of milk and honey at the mo are we?
The underprivileged are suffering, the rest of us aren't doing that great either are we?

The right to buy for the rented sector is a good idea, if it benefits both tenant and landlord, there would be no 'forced sale'.

''Right to buy in the private sector would be limited to tenants in properties which are at least 25 years old and which they had lived in for several years. This would ensure that investors were not deterred from buying new properties to rent out.

Saunders cites an example of a tenant in a private rented property outside London that had been bought by a private landlord 12 years ago for £200,000, and which had increased in value to £400,000. The tenant, under the plan, would be entitled to a 35% discount, worth £140,000, as long as he or she had occupied it for several years.

However, the maximum discount would be capped at £77,900 (the same maximum applies to sales of social housing) so the house would be sold to the tenant for £322,100. This would give the landlord a taxable capital gain of £122,100. But the capital gains tax (CGT) concession would reduce the sum liable to tax to £44,200. The landlord would therefore end up paying CGT of £9,268 – leaving a post-tax capital gain of £112,832 on the original investment of £200,000. Saunders adds: “Even if a tenant qualifies for a maximum discount of £77,900 (or £103,900 in London), these landlords will still enjoy handsome capital gains if they are obliged to sell. The discounts they would have to offer to their tenants would merely share out some of the windfall gains they have been making over the last decade or two.”

https://www.theguardian.com/society/...d-by-thinktank
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