Your argument is utter nonsense. As I have explained, I bought a house, I lived in it, I paid off the mortgage, I moved abroad (for work) so I rented it out, I retired and continued living abroad, I pay approximately the same in rent where I currently live and my UK rental income is also taxable...
All the rent i receive is taxable in the UK and it is my ONLY UK income so falls within my tax-free allowance. I also pay it all out to rent a place to live in. You are in cloud cuckoo land.
wtf are you blathering on about? I own a house. I rent it out and rent elsewhere for about the same rent, not rent-free, a zero-profit situation. I used my hard-earned salary to buy my house.
The Soviets did it throughout their Eastern European satellite states, who then paid compensation to the poor people who had had their properties stolen by the state, when the communist empire collapsed.
This is exactly what the government has done in Portugal; they will no longer issue any more tourism rental licenses in the Algarve, Lisbon and other major cities. Also, anybody who changes their tourism rental property to 12 month rental contracts pays no tax on the income until 2030. They are...
What a bitter post. I have rented my house out for 13 years. I have had the fence replaced twice and I had the house completely redecorated inside and out in-between tenants 2 years ago. I had one tenant who lost her job, didn't tell me and missed 3 monthly payments whilst refusing to leave, and...
What a ridiculous suggestion. I own a house worth 320K with no mortgage. Why on earth should my tenant be allowed to take ownership of my house for nothing? I worked hard to earn the money to buy the house and pay off the mortgage.