What number are we up to now on Bastard Landlords threads?

[Chromatic]

https://www.bbc.co.uk/news/articles/c9qgd4q49gvo

 

[AuroraSaab]

So this guy is both an MP and a local councillor? That gravy train never stops, does it? Wonder where he stands on capital gains tax, seeing as he owns 15 rental properties.

 

[Ian H]

So this guy is both an MP and a local councillor? That gravy train never stops, does it? Wonder where he stands on capital gains tax, seeing as he owns 15 rental properties.

He's only liable for tax if he sells them, and only on the increase in value since he bought them.

There seem to be a few new MPs who are hanging on to council jobs. I'm not sure how that works.

 

[BoldonLad]

He's only liable for tax if he sells them, and only on the increase in value since he bought them.

There seem to be a few new MPs who are hanging on to council jobs. I'm not sure how that works.

Seems pretty straight forward, they are either:

- hard working, public service orientated Labour Councillors and MPs

or

- greedy, grasping Tory Councillors and MPs

 

[slowmotion]

Seems pretty straight forward, they are either:

- hard working, public service orientated Labour Councillors and MPs

or

- greedy, grasping Tory Councillors and MPs

You forgot "hard-pressed" when describing the first category.

 

[BoldonLad]

You forgot "hard-pressed" when describing the first category.

My apologies 😊

 

[icowden]

Give the guy a break. He's profoundly sorry that he's been found out. Although presumably not as sorry as his tenants are for renting from him in the first place.

 

[AuroraSaab]

Quite right. He's already working two jobs, it's a bit much to expect him to keep on top of his slum landlord side hustle.