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V Turner

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It seems to me that Hazell does not know what he is talking about. If he did he would have never compared Pensions or ISA with BTL. Pension contributions are subject to full higher rate tax relief, returns from which you only expect to get upon retirement. ISA on the other hand is a form of savings and one would perhaps never (or cannot) borrow to invest in ISA. BTL on the other hand is indeed a business where you put your neck on the line. Return is not guaranteed and often results in considerable loss due to repairs or void period. Perhaps George would prefer for all BTL owners to stop trading, kick out the tenants and let the council pick up the issue. We can then simply trade in and out of properties and accept that no interest relief will be received. As an alternative, Would Hazell be happy if young George would simply say rental income will not be taxed or taxed at basic rate band only? If so, we BTL army would be happy to accept restricted mortgage interest relief.

From: V Turner 09 October 2015 21:39 PM

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