Judicial Review of Section 24 – Tenant Tax | Fundraising deadline extended
A record-breaking crowd-funding campaign which has seen £100,000 raised since the start of 2016, to fund a Judicial Review of Section 24, has now been extended until the end of June.
Steve Bolton, Founder and Chairman of Platinum Property Partners (Platinum), and fellow landlord Chris Cooper, are calling on all landlords, tenants, letting agents and others who will be adversely effected by this new legislation to support their cause.
Following the Chancellors announcement back in July 2015 on the interest tax relief change, the pair now have a ‘stretch’ target for another £250,000 that they must raise over the next month if they are to proceed with the review. This decision is expected in the next few weeks and should it go ahead it is expected to be held this autumn, led by Omnia Strategy LLP; the law practice headed by Cherie Blair QC.
The two landlords heading the campaign urge their supporters: “With your continued financial backing and support, we plan to take the Government all the way to court and fight the strongest case that we can.
“Please spread the word far and wide amongst your community, especially fellow landlords, tenants, letting agents and others who will be adversely effected by this ludicrous legislation.”
Of course we do not want this tax, but we believe there is a much bigger scourge sweeping the PRS in the form of bad tenants.
Forget the likes of selective licensing, new buy to let affordability tests and the 3% stamp duty surcharge – do you know the actual cost of removing a bad tenant? Click here to find out!