@abihookwayproperty: Section 24 breakdown 🙅🏽♀️ Let me know what else you want to know in the comments 💭👇 #section24 #tax #property #landlord #taxefficient #limitedcompany #propertytok #learnwithtiktok #investing #moneytok
Abi Hookway Property Investing
Region: GB
Tuesday 11 April 2023 15:26:58 GMT
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Candice Jane Hunter :
Tax in the uk is a joke.
2023-04-12 09:35:28
598
The British Workshop :
soon the banks will own the private rent sector
2023-04-12 10:58:04
103
R P608 :
Not as upset as 95% of tenants
2023-04-26 10:42:10
8
gavalar19 :
Absolutely they should be taxed on the full amount. Why should they have there mortgage paid for free! Landlords get enough as it is!
2023-04-11 21:14:20
707
Malibucast :
Only when we start to realize that a house shouldn't be a means of investment but a place where people should live. Then we will alleviate poverty.
2023-04-12 09:03:27
536
Leo Contreiras 🇧🇷 :
So that’s why they charge £2300/month for a flat that barely costs £1200. 🤔
2023-04-12 09:53:00
267
JamJiggle :
they're getting a mortgage paid for them...
2023-04-11 21:44:50
254
Ylleb :
Couldn't have happened to a nicer group of people 😂
2023-04-12 18:12:32
167
user6079806330310 :
Many reasons why landlords are selling up quick due to tenants laws.. if tenants refuse to pay in my opinion they should be black listed against
2023-04-11 22:08:47
101
Jayne :
Technically this applies to higher rate tax payers. Otherwise you get 20% allowance.
2023-04-11 16:08:12
66
Gicks :
lol the comments below, if you don't want rent buy your own house 😂
2023-04-13 17:07:55
29
Trucker Liam :
This is why rent goes up. To cover the extra taxes
2023-04-14 05:18:44
28
Jimr0d :
all these landlords whinging about their profits but failing to account for all the equity they have. worlds smallest 🎻 out right now
2023-04-16 22:41:12
26
6774348 :
If I was in charge, no one would be allowed to own more than two homes.
2023-04-12 07:41:42
25
alansharpe260 :
finally some good news
2023-04-29 16:17:34
11
Ari :
housing is a human right
2023-04-12 19:29:47
9
Woody83 :
The landlords just pass the cost on. That's why rent is spiralling.
2023-04-12 09:43:38
6
Herbs&Time :
We’ve just handed notice to our tenants- going Air BnB instead which is safe for now…… feel sorty for the tenants but can’t run our houses at a loss.
2023-04-16 22:09:09
5
A J Oxford :
The left have exactly what they've always wanted. And now rents have doubled! 🤦♂️
2023-04-15 06:07:12
5
NevGuba :
So let me get this straight. You rent your property for 1200 minus 700 mortgage and 240 for tax. you still get 260 profit and a house at the end
2023-04-17 11:36:47
5
Ausländer Ra🫶s 💙 :
Another government policy designed to help banks to buy up all the property. If renters think it was bad before, they gotta whole load of hurt coming
2023-04-12 11:53:54
5
user1256949602989 :
Problem is the bar moves all the time to suit the tax man The next thing that’s getting a massive reform is holidays let’s ie airbnb
2023-04-13 20:30:33
4
Michael Smillie :
So if you set up a limited company, do you have to pay corporation tax?
2023-04-12 05:31:38
4
Bex Willoughby :
why is a basic human need seen as an investment?
2023-04-12 07:35:24
4
user423541 :
This is why rents have increased but people just don’t get it and want more regulation to discourage landlords
2023-04-12 08:51:14
4
proflo0 :
The cost of selling all your properties to your new limited company would outweigh any savings on tax. It’s ok if you bought originally in LLP but now
2023-04-11 20:11:32
4
ANDRE MCPHERSON :
The advantage with section 24 is we will see more properties come available, therefore allowing young couples in the area to purchase where they live.
2023-06-20 22:02:17
4
jelly pot :
I am a private tenant, surely this will make landlords Jack up their prices to keep the 500?
2023-04-12 09:34:07
4
jackthebiscuit :
Good! Houses should be homes NOT investments 😁😁😁😁
2023-04-14 03:21:00
4
sleepy :
All the ones complaining about landlords will get a wakeup call when the landlord sells and they can't afford to buy so will have to move
2023-04-12 09:45:13
4
🔻⨍Uᝯׁ֒ƙׁׅ ꪱׁS᥅aꫀL ׁ֪݊🔻 :
After tax, maintenance & repairs, landlords are having to pay out of pocket in these situations.
2023-04-11 22:36:38
4
user3026919507571 :
Tenants need to understand this, so many people hate Landlord, but you don’t see the margins are really low. This is why rent is being increased
2023-04-11 22:37:24
4
Ben Ten Williams :
I own a restaurant and have to pay 20% on everything. UberEATS for example take 35% commission before tax. So if I sell something for £10, I lose….
2023-04-18 07:24:51
4
Lyndsey Jones1067 :
Rents just going to go up and up
2023-04-13 11:15:32
4
NamesR4gravestones :
Wait till banks become landlords. I'm selling out and restructuring, not increased rent 4 my tenants in 10 years. Time 2 move & invest somewhere else.
2023-04-11 23:01:24
3
martin580 :
that's why rent is going up.
2023-04-11 21:17:59
3
Vikky 🐦🔥 :
next rent hike pending... cheers
2023-04-17 08:36:03
3
robtaff2020 :
no surprises there, what the UK government ripping us off? 🤣😂🤣
2023-04-12 04:55:18
3
Luna :
Thousand not fousand.
2023-04-27 07:34:55
3
No.81 :
If I sell something for £1,000, I get tax (VAT) of £200, regardless of how much I paid for the item I sell
2023-05-09 18:57:05
3
Zain Mohamed :
So they should be only taxed on profits and not income like everyone else? they're not a business though, they're just an owner
2023-04-13 04:33:14
3
Mrcomeandgo :
You’d still make £260 a month and someone else pays your mortgage
2023-04-16 13:27:15
3
Ryan Lewis :
rents will triple. well done uk.
2023-05-26 12:58:54
3
Jef :
Landlords is the final sector where the Cash hungry Government is trying to tap into in order to achieve their goals.
2023-04-12 09:56:58
3
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