Since1982
Well-known member
Abolish 'Buy to Let' mortgages
I agree with the sentiment, if something is not done, property ownerships will decline for the 'many' until we have a new rich super elitist class that own all bricks and mortar. I am very much in favour of taxing buy to let property owners intelligently, this could lead to fair deal for first time buyers. Let's face it, many people got very very wealthy from increased property prices and did absolutely sweet FA work in gaining such an advantage. Tax em I say!
But BTL owners do pay tax. Income tax on rental income and capital gains tax when the property is sold. You might want to suggest they pay more tax but at least start with an appreciation of the current position.
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