'Second Home' Mortgage relief for the troops?????
Discussion
Hey, heres an Idea. As most of our troops are (or have been) serving the majority of their recent working life in combat zones in Iraq and Afghanistan, should they not have some kind of allowances scheme that means their 'second home' back in blighty comes with full Mortgage Intrest relief?
It seems to me that if your an MP doing your main work away from your home you can get your 'country pile' paid for (even if the mortgage has finished). So why cant the troops? I'm sure plenty of them would like their 'other homes' paid for them and upkept to a reasonable condition whilst their 'away on business'.
Fekin MP's making me sick. Bunch of immoral integrity free barstewrads.
Hounerable? Do me a favour
It seems to me that if your an MP doing your main work away from your home you can get your 'country pile' paid for (even if the mortgage has finished). So why cant the troops? I'm sure plenty of them would like their 'other homes' paid for them and upkept to a reasonable condition whilst their 'away on business'.
Fekin MP's making me sick. Bunch of immoral integrity free barstewrads.
Hounerable? Do me a favour
Don't most military personnel have homes provided for them when back in Blighty - with no taxable Benefit in Kind arising?
(Not saying they aren't entitled to this, of course - and indeed, many of the homes provided are sub standard - another scandal).
Indeed, higher paid military staff (usually officer class) often have a bought home AS WELL as their provided accomodation - which they then proceed to rent out whilst they are in the employ of Her Majesty. Beacuse they are renting these properties out, they CAN claim mortgage interest relief against the rental income.
Effectively, they will have a bought property ready and waiting for them when they leave military service.
So, being in the military isn't ALL bad when it comes to planning your properties.
(Not saying they aren't entitled to this, of course - and indeed, many of the homes provided are sub standard - another scandal).
Indeed, higher paid military staff (usually officer class) often have a bought home AS WELL as their provided accomodation - which they then proceed to rent out whilst they are in the employ of Her Majesty. Beacuse they are renting these properties out, they CAN claim mortgage interest relief against the rental income.
Effectively, they will have a bought property ready and waiting for them when they leave military service.
So, being in the military isn't ALL bad when it comes to planning your properties.
esselte said:
Eric Mc said:
Don't most military personnel have homes provided for them when back in Blighty - with no taxable Benefit in Kind arising?
My BiL used to be in the RAF and I think he had to pay to live in quarters....I may,of course, be very wrong...Eric Mc said:
esselte said:
Eric Mc said:
Don't most military personnel have homes provided for them when back in Blighty - with no taxable Benefit in Kind arising?
My BiL used to be in the RAF and I think he had to pay to live in quarters....I may,of course, be very wrong...
Eric Mc said:
Don't most military personnel have homes provided for them when back in Blighty - with no taxable Benefit in Kind arising?
(Not saying they aren't entitled to this, of course - and indeed, many of the homes provided are sub standard - another scandal).
Indeed, higher paid military staff (usually officer class) often have a bought home AS WELL as their provided accomodation - which they then proceed to rent out whilst they are in the employ of Her Majesty. Beacuse they are renting these properties out, they CAN claim mortgage interest relief against the rental income.
Effectively, they will have a bought property ready and waiting for them when they leave military service.
So, being in the military isn't ALL bad when it comes to planning your properties.
LOL. Your having a laugh Eric. Not every ones in MQ's. And yes they are not free but are cheaper than other flea pits in the area (generally). Most are s(Not saying they aren't entitled to this, of course - and indeed, many of the homes provided are sub standard - another scandal).
Indeed, higher paid military staff (usually officer class) often have a bought home AS WELL as their provided accomodation - which they then proceed to rent out whilst they are in the employ of Her Majesty. Beacuse they are renting these properties out, they CAN claim mortgage interest relief against the rental income.
Effectively, they will have a bought property ready and waiting for them when they leave military service.
So, being in the military isn't ALL bad when it comes to planning your properties.
t boxes with all sorts of crap growing on the wall.FWIW, I spent 12 years in the military. Like many personel, I moved out of Married Quarters into my own accomodation. I had a mortgage and paid it just like you do. When on (for me a rare) operation out of area my family still lived in the 'family home' (although I didnt get council tax relief in those days). No I didnt get my mortgage paid at any time by the tax payer even when i went to the Gulf.
Its only when someones posted from one area to another do they normally then rent out accomodation. not when they are on operational tours. Tours last 6-8 months, posting 3 years or so.
Its not only the officer class that buys their own property (although I did once have a rather stuck up Flight Lieutenant telling me he was shocked to see I owned a home in London area whilst only on Airmans wages. I doffed my cap to him and thanked him.
Rent for married quarters is theoretically subsidised, because there isn't any correlation between the rents and the locations - the same rent applies to a three-bedroom quarter whether it's in Kingston-upon-Thames or Kingston-upon-Hull.
How much of a gap there really is between the rents paid and the market rents one could realistically expect to earn from the properties in question is, however, a different matter; many are desperately in need of refurbishment.
How much of a gap there really is between the rents paid and the market rents one could realistically expect to earn from the properties in question is, however, a different matter; many are desperately in need of refurbishment.
Tony*T3 said:
Hey, heres an Idea. As most of our troops are (or have been) serving the majority of their recent working life in combat zones in Iraq and Afghanistan, should they not have some kind of allowances scheme that means their 'second home' back in blighty comes with full Mortgage Intrest relief?
Or a more sensible one would be suspend their council tax payments as at the moment they still have to pay it even when they are on active serviceTony*T3 said:
Eric Mc said:
Don't most military personnel have homes provided for them when back in Blighty - with no taxable Benefit in Kind arising?
(Not saying they aren't entitled to this, of course - and indeed, many of the homes provided are sub standard - another scandal).
Indeed, higher paid military staff (usually officer class) often have a bought home AS WELL as their provided accomodation - which they then proceed to rent out whilst they are in the employ of Her Majesty. Beacuse they are renting these properties out, they CAN claim mortgage interest relief against the rental income.
Effectively, they will have a bought property ready and waiting for them when they leave military service.
So, being in the military isn't ALL bad when it comes to planning your properties.
LOL. Your having a laugh Eric. Not every ones in MQ's. And yes they are not free but are cheaper than other flea pits in the area (generally). Most are s(Not saying they aren't entitled to this, of course - and indeed, many of the homes provided are sub standard - another scandal).
Indeed, higher paid military staff (usually officer class) often have a bought home AS WELL as their provided accomodation - which they then proceed to rent out whilst they are in the employ of Her Majesty. Beacuse they are renting these properties out, they CAN claim mortgage interest relief against the rental income.
Effectively, they will have a bought property ready and waiting for them when they leave military service.
So, being in the military isn't ALL bad when it comes to planning your properties.
t boxes with all sorts of crap growing on the wall.FWIW, I spent 12 years in the military. Like many personel, I moved out of Married Quarters into my own accomodation. I had a mortgage and paid it just like you do. When on (for me a rare) operation out of area my family still lived in the 'family home' (although I didnt get council tax relief in those days). No I didnt get my mortgage paid at any time by the tax payer even when i went to the Gulf.
Its only when someones posted from one area to another do they normally then rent out accomodation. not when they are on operational tours. Tours last 6-8 months, posting 3 years or so.
Its not only the officer class that buys their own property (although I did once have a rather stuck up Flight Lieutenant telling me he was shocked to see I owned a home in London area whilst only on Airmans wages. I doffed my cap to him and thanked him.
I have handled a number of clients with rented out properties who were serving (or recently retired) military personnel so I do know that this is sometimes an option for them.
Obviously, at "squaddie" or "erk" level matters are usually very different.
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