Also, given how many Generation Renters are in flatshares and HMOs, how many would be eligible at all? Just a headline grabbing measure with no real world impact.
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To nobody's surprise, the Residential Landlords Association back the policy, and
@genrentuk@LDNRentersUnion@NEF (in a joint statement) do notpic.twitter.com/CrlFYIJEvo
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Three years? Are they fucking kidding me? Most places kick you out in less than one.
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Peak Tory policy. Presented (disguised?) as a benefit for the masses but is only of true benefit for the usual lot - landlords.
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My first loophole thought would be. Landlords rent it to their kids for 3 years, then sell it to them, avoid the CGT, and then pass the
on to them anyhow 7+ yrs before they die, avoiding IHT. -
Yes, we could be talking 30 years of gains, against which three years rent is trivial. Never mind kids, landlords could still come out tens of thousands ahead if they pretended to rent the property to themselves.
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All the more so as I recall a Tory councillor claiming that dumping Right to Buy in Scotland was "tinkering around the edges".
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But it opens the way for labour to extend right to buy to private landlords with YUGE discounts



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*private tenants.
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Always the policies are designed to help landlords/ developers, with some fringe benefit for those able to afford a deposit. Help to Buy =Help to Sell
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