What experts and commentators have to say about Section 24

These quotes have been taken from the recent publication by Property 118 titled: “SECTION 24 of the Finance (no.2) Act 2015: “The unjust legislation that will make the UK housing crisis much worse”

Richard Dyson, Finance Editor at The Telegraph:

…It is a tax from Alice in Wonderland, a truly bonkers tax, a tax you’d laugh at – if it were being applied in a Third World country by a lunatic dictator.’

 

The Institute of Chartered Accountants of England and Wales:

‘The idea that landlords will be taxed on the profit of their businesses, but not be allowed to offset the costs of creating that taxable profit is absurd, unjust and unsustainable. It overturns a fundamental, centuries-old principle of taxation.’

Paul Johnson of The Institute of Fiscal Studies:

‘This line of argument [about the ‘level playing field’] is plain wrong. Rental property is taxed more heavily than owner occupied property.’

Read all the expert feedback in the Full Report from Property118 

Higher Lomax Lane Heywood Main image

Higher Lomax Lane

The property comprises of an entrance hall, leading onto the spacious through lounge, fitted with laminate flooring,…

Price: £ 675.00 pcm
Hollins Road Hollinwood Main image

Hollins Road

The property comprises of a large through lounge fitted with carpet, spotlights & UPVC double glazed windows…

Price: £ 525.00 pcm
Butman Street Abbey Hey Main image

Butman Street

M18

Brentwood Lettings are proud to present this 2 bedroom 1st floor flat in Abbey Hey. Recently refurbished…

Price: £ 450.00 pcm
Pleasant View Blackley Main image

Pleasant View

**Cottage with Private Access** Brentwood Lettings are pleased to present this STUNNING 2 bedroom Cottage to rent…

Price: £ 595.00 pcm
kenyon lane Moston Main image

kenyon lane

Brentwood Lettings are pleased to present this immaculately presented 3 Bedroom Semi detatched property which is situated…

Price: £ 725.00 pcm
Goodman Street Blackley Main image

Goodman Street

Brentwood Lettings are pleased to offer to market this spacious 3 bedroom family home in Blackley. Key…

Price: £ 675.00 pcm

Property Management

We manage properties throughout Manchester for investors all over the world. Contact us to talk about your property

Lettings

We provide a let only service for those landlords who wish to self manage their properties

Maintenance

We provide a full range of maintenance services, from safety inspections and repairs right up to full refurbishments

Local Property Experts

We know North Manchester like the back of our hands, chat with us for all the latest news and trends in the area

Investor Tips

Being your people on the ground, we find out about the hottest and most lucrative of local investment opportunities first hand.

Advice & Support

We are available to talk about the Local Property Market and your individual properties whenever suits you, book a call with us today