Read in several papers today
#1
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Read in several papers today
that new labia are planning to introduce CGT on primary residence. That **** lewis was right when he said the housing market was going to collapse - Followed closely by the rest of the economy no doubt. This is a 9 billion quid a year stealth tax. That will allow GB to continue his money wasting spree for as long as he likes
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I was thinking just that - They know they couldn't get away with this, so they introduce the 'national security' (throw anyone who complains in jail) bill first. 6 months later, they kick into this, with no worries about the backlash that happened to poll tax, cos they can now throw the complainers in jail
#5
Pontificating
cos they can now throw the complainers in jail
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Originally Posted by Leslie
See you in the Tower!
Les
Les
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He will be able to spend spend the first years income building enough prisons to keep us all in. If it is applied the same as a second property, the profit gets added to your normal income, and the total is used to define your tax bracket, so most likely 40%. No threshold - 40% of everything you make. They may allow some sort of taper relief, but this would cut down the income for them, and they really need to make at least an extra 10 billion a year
#13
Originally Posted by unclebuck
Tiggs got your head in the sand as usual. You just don't get it do you?
no...i have a good idea about the pros and cons of CTG on property.....i dont belive they will remove prim. residence relife and leave your home exposed to CGT in the way suggested here.
"head in the sand" ???? my head is never in the sand...i either care about an issue or i dont....stuff like GPS monitors on cars to bill per mile...i dont give a toss about that, this issue i do care about and my opinion is it wont happen.
you need to sit down for a while? take on board that there is a different opinion out there to yours?
T
#15
Originally Posted by Diablo
Tiggs, for a "smart" IFA, its a bit bloody scary you can't spell "relief" (twice) ...
luckie for me that my job isnt depondant on being abel to spell.
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Even if they are just thinking about introducing a 40% tax on profit from any house sale, it is scary!
The thing is, they will introduce this if they get in for another term.
They are socialist scum and the majority of the general public walk around with blinkers thinking the Cons can do no better not knowing what damage this government has done and is doing.
I want to buy a place soon, but what is the point! I suppose I'll be able to get a good deal when people decide to sell up before this is passed......
The thing is, they will introduce this if they get in for another term.
They are socialist scum and the majority of the general public walk around with blinkers thinking the Cons can do no better not knowing what damage this government has done and is doing.
I want to buy a place soon, but what is the point! I suppose I'll be able to get a good deal when people decide to sell up before this is passed......
#17
Originally Posted by VTEC to Turbo
I want to buy a place soon, but what is the point!
....
....
good idea.....dont buy because prices are too high....a crash is on the way......CGT is pending..etc, etc, etc
meanwhile you will watch as prices just plod upwards...tax free.
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Originally Posted by Tiggs
good idea.....dont buy because prices are too high....a crash is on the way......CGT is pending..etc, etc, etc
meanwhile you will watch as prices just plod upwards...tax free.
meanwhile you will watch as prices just plod upwards...tax free.
The question is, will the market continue to rise with a bomb shell like this hanging over the market.
House prices of course will rise long term, and those fortunate to buy when they did and see the price increase at the rate that it has is fantastic.
The thing with this is that you will only realise a tax free profit on that rise before this law is passed. Otherwise you'll be paying 40% over to Gordon.
If labour get in for another term this will come into effect whether it is at 40% 30% or 20%. It is just plain wrong!
House prices as they stand are forcast to rise by 3% this year and drop by 2% next year.
As it has been said before, when house prices fall and people are in negative equity and have to sell, would the government pay their shortfall! I think not.
I will be buying as soon as possible, but I don't see why Labour feel the need to introduce yet another tax upon us.
We really are heading back to the days of "Will the last person please turn out the light". And that will include a lot of two faced Labour voters who put them back into power.
#19
the CGT issue has been around for ages and prices still rise......if the avarage house price is 1% gain over the next 24 months i would be amazed...where are your figures from?
the CGT on house prices just wont happen anyway (not in the way suggested here)
the CGT on house prices just wont happen anyway (not in the way suggested here)
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House £200k
Fixtures and fittings £100k
Smile due to CGT avoidance : priceless.
Who will be able to give the true 'value' of a house for tax purposes so that you can decide whether or not to sell? That way madness lies.
Fixtures and fittings £100k
Smile due to CGT avoidance : priceless.
Who will be able to give the true 'value' of a house for tax purposes so that you can decide whether or not to sell? That way madness lies.
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Originally Posted by Tiggs
the CGT issue has been around for ages and prices still rise......if the avarage house price is 1% gain over the next 24 months i would be amazed...where are your figures from?
the CGT on house prices just wont happen anyway (not in the way suggested here)
the CGT on house prices just wont happen anyway (not in the way suggested here)
The facts suggested here are being reported from press releases from your Labour party! your right it will probably be 45% to 50% by the time they have finished.
Unclebuck was right
Originally Posted by unclebuck
Tiggs got your head in the sand as usual. You just don't get it do you?
#22
where is there a labour press release saying they will even CONSIDER CGT on homes??
http://www.timesonline.co.uk/article...522980,00.html
and "my" labour???? i have never voted in my life and doubt i ever will.......i have no interest in politics.
http://www.timesonline.co.uk/article...522980,00.html
and "my" labour???? i have never voted in my life and doubt i ever will.......i have no interest in politics.
Last edited by Tiggs; 14 March 2005 at 03:02 PM.
#23
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Originally Posted by Tiggs
where is there a labour press release saying they will even CONSIDER CGT on homes??
http://www.timesonline.co.uk/article...522980,00.html
and "my" labour???? i have never voted in my life and doubt i ever will.......i have no interest in politics.
http://www.timesonline.co.uk/article...522980,00.html
and "my" labour???? i have never voted in my life and doubt i ever will.......i have no interest in politics.
Sorry your views posted here, led me (wrongly) to believe you stood by your convictions.
They lie through there teeth at every turn. Just because they deny it now, does not mean that it will not happen in some form in the future.
If you have no interest in politics why post in a politically inclined thread.
I'm sick to the back teeth of all these hidden (stealth) taxes going through seemingly un-noticed. It's rediculous the amount of money middle Britain is paying directly and indirectly in taxes under this government.
If it was spent well I wouldn't mind so much, but it isn't.
They would tax pubic hair if they thought they could get away with it!
#24
so in two posts you have gone from:
"The facts suggested here are being reported from press releases from your Labour party"
to
"Just because they deny it now, does not mean that it will not happen in some form in the future"
Rather different things arent they?
I post because the issue of CGT on my (our) homes has an impact on me...doesnt matter whether its brought in by labour, tory or little green men.....my views are not "political"...they are common sense.
T
ohh...and stand by my convictions???? what convictions are you talking about to suggest i dont?
"The facts suggested here are being reported from press releases from your Labour party"
to
"Just because they deny it now, does not mean that it will not happen in some form in the future"
Rather different things arent they?
I post because the issue of CGT on my (our) homes has an impact on me...doesnt matter whether its brought in by labour, tory or little green men.....my views are not "political"...they are common sense.
T
ohh...and stand by my convictions???? what convictions are you talking about to suggest i dont?
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Sorry I was wrong, there is no information anywhere that outlines any of their policies, just a load of statements about what they think they have achieved!
http://www.labour.org.uk/ourpolicies
(If you can find any please point me in the right direction)
We'll see tomorrow what the budget brings, I really do hope it is media hype.... we'll see. So yes I stand corrected (was not a press release from labour directly).
http://www.number-10.gov.uk/output/Page7330.asp
Whether you know it or not you do have an interest in politics, the fact that you don't vote in my eyes means that you don't stand by your convictions/political stance!
"i have never voted in my life and doubt i ever will.......i have no interest in politics"
Labour introduce taxes like this all the time (They are taxing private pensions - WTF is that all about) and it would not suprise me if they do this as it has been reported they intend to do.
http://www.labour.org.uk/ourpolicies
(If you can find any please point me in the right direction)
We'll see tomorrow what the budget brings, I really do hope it is media hype.... we'll see. So yes I stand corrected (was not a press release from labour directly).
http://www.number-10.gov.uk/output/Page7330.asp
Whether you know it or not you do have an interest in politics, the fact that you don't vote in my eyes means that you don't stand by your convictions/political stance!
"i have never voted in my life and doubt i ever will.......i have no interest in politics"
Labour introduce taxes like this all the time (They are taxing private pensions - WTF is that all about) and it would not suprise me if they do this as it has been reported they intend to do.
#27
Originally Posted by VTEC to Turbo
Whether you know it or not you do have an interest in politics, the fact that you don't vote in my eyes means that you don't stand by your convictions/political stance!
i have an interest in my pet dogs...but i dont go to Crufts.
my political interests are very, very small.....i will do fine under any of the current choices of goverment so i have no need or desire to vote.
and CGT on homes is not happening.
T
#28
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Originally Posted by Tiggs
and CGT on homes is not happening.
T
T
as was said in a past discussion , " that's what the fox hunters said "
tony " i don't care " blair has done whatever he has wanted to do , even if the majority of people disagree , so why stop now ??
#29
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The next quite tax that will be creeping in is revalue of houses for council tax
just starting it low key near me with a friends house set at 65K in 1991 now gone up to 235 k and a
e banding and another £500 to pay for your bin emptyed and a copper driving past every 17 months !!!
lets start the protests now
yet the Govt spend years talking about stupid foxes
just starting it low key near me with a friends house set at 65K in 1991 now gone up to 235 k and a
e banding and another £500 to pay for your bin emptyed and a copper driving past every 17 months !!!
lets start the protests now
yet the Govt spend years talking about stupid foxes
#30
Originally Posted by scoobydooooo
famous last words , and why won't it happen ??
as was said in a past discussion , " that's what the fox hunters said "
tony " i don't care " blair has done whatever he has wanted to do , even if the majority of people disagree , so why stop now ??
as was said in a past discussion , " that's what the fox hunters said "
tony " i don't care " blair has done whatever he has wanted to do , even if the majority of people disagree , so why stop now ??
it wont happen because its politically stupid....fox hunting is fine because most ppl are happy to see it go....VERY different thing.
anyway...come on here tommorow and said "you were right" then we can worry about it!