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roger196

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About roger196

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  1. roger196

    You seem angry...

    This is a typical authoritarian organization where bosses are more concerned with their status than getting things right. May I suggest that you write to the CEO suggesting that the trust needs a program like " Crew Resource Management". This was set up in response to the Captains of aeroplanes ignoring the comments of their crew when the plane was about to crash. Whilst looking this up on Wiki, have a look at HMS Victoria ( 1887). Here a battleship was sunk by the crew on the bridge being too scared to challenge the Admiral's orders.
  2. The reason for the distinction is tax. If BTL were a business, disposals would qualify for entrepreneur relief reducing capital gains tax to 10% ( see HMRC manual CG63955) and would be free of inheritance tax. Losses would be allowed against income tax. The Treasury is very keen not to lose the amount of tax that would be lost if business was conceded. There is a saying ( from an old Indian tax case that I have long since forgotten) that you do not have to be busy to be in business. If you want to research this area look up adventures in the nature of trade......it is possible to buy up agricultural land, wait 10 years for planning permission and sell at a huge profit without doing very much.
  3. If the EA is going to bring unknown persons into your house, have you thought of asking for the risk assessment ( Health and Safety), the name and address of the persons and what steps the EA has taken to verify these. Also ask the LL for an undertaking to refund any items which are stolen or damaged as a result of the visit. If you have children, ask whether the EA and the persons he will be bringing been CRB checked.
  4. roger196

    Letter for Letting Agent

    First thing to do is to download the deeds( plus plans) for your own house and that of your neighbours. Use the official land registry site as the cost is £3 per document. This will tell you whether there is any substance to their claim. Assuming there is not, a letter to the senior partner pointing out their mistake ( with a request that they acknowledge that they accept the position) should be sufficient without getting heavy.
  5. roger196

    Time To End Tax Relief On Debt?

    The debt is often provided from overseas, so that the interest is deductible for UK corporation tax, but the interest recd ends up in some low tax jurisdiction. If you want to read up on this, look at the IFS website or search for thin capitalisation.
  6. roger196

    Lifetime Mortgages At Last

    No doubt the benefits system will be tweaked so that the general body of taxpayers will be on the hook for this.
  7. roger196

    Uplift Clauses On Land

    Very common with local authority land sold at auction. I imagine enforcement would be by way of bankruprtcy order. Land with uplift clauses are a useful form of intergenerational investment ie I buy land with substantial potential to pass to my children provided I have no need of capital for 25 years. Woodlands are a similar very long term investment ie it takes 80 years for oak trees to grow to harvset stage.
  8. . Restricting child benefit to two children would save £800 million annually. The saving would eventually be ( assuming existing children had protected rights) No of families with x children times excess of children over two £'000's 3 children 929 x 1 = 929 4 children 236 x 2 = 472 5 children 59 x 3 = 177 6 children 23 x 4 = 92 Total = 1670 x £9.30 = £15,600,000 per week or £811 million per annum This calculation was made by me back in 2000 as part of a paper I gave on welfare reform. The rate per week obviously needs updating.
  9. HMRC would be notified more regularly if a S21 notice was invalid if the rental income had not been declared.
  10. In April 2010, the Nationwide monthly seasonally adjusted index was 334.1, whilst for July 2013 the index was 332.7. This would suggest there had been no movement in house prices. Might be worth checking my figs against the Nationwide website. Knowing your budget gives the ea leverage in upping your offer. Are you buying up to the max you can afford or by the value to you of a particular house. Hope this helps.
  11. Is what happened in Cyprus that different from War Loan and Post War Credits in the UK. Both of these were to be repaid when economic circumstances permitted. PWC's ( extra tax paid during the war) were not repaid until 1972 except on death. I realise that war loan was voluntary but there was enormous patriotic pressure to subscribe.
  12. roger196

    Deceived By Seller

    Just remember that extensions are not always built to plan and sometimes in a slightly different location. If the difference is small, the local council will usually not bother. Yet what might have been acceptable to you is no longer acceptable. The cost and aggro of getting things put right is very high even if you succede. The quality of workmanship and tidiness of tradesmaen vary enormously.
  13. roger196

    Average House Prices

    The histogram shows the distortion to declared prices round the cliff edge points. If you include other consideration eg inflated price for fixtures and fittings, then there is much less distortion. Many people have called for banding of stamp duty to be like income tax. I know I did back in the eighties and it probably was not original then. I have yet to see any convincing reasons for continuing with the existing format. A log normal graph is more suitable for data which moves in factors of ten eg decibels or you suspect dependent on the square or cube of the variable. If you exclude the London market from the histogram, then the right hand tail is much diminished.
  14. roger196

    Catastrophic Loss For Birmingham Council

    Instead of paying these women, claw back the excessive and illegal payments made to their male equivalents. This will cost the council nothing, may even generate extra revenue. Council taxpayers should not fund illegal activity by a council.
  15. This would only be credible if Balls proposed legislation ( no doubt with cross party support) to have an in /out referendum at the same time as the next general election.
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