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SarahBell

Add Vat To All Non-Residential Sales

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Would this work as a revenue raiser? OR would landlords selling up just kick out the tenants and live in the property themselves for a month first?

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Would this work as a revenue raiser? OR would landlords selling up just kick out the tenants and live in the property themselves for a month first?

The latter

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Would this work as a revenue raiser? OR would landlords selling up just kick out the tenants and live in the property themselves for a month first?

There is already VAT on non-residential property.

New-build non residential is standard rated. When you buy it, you can either elect to claim the VAT back, which means you have to charge VAT on the rent, and VAT when you sell the property, or alternatively you can not claim it back, in which case you don't have to charge VAT on those things.

Other EU countries have VAT on all property, but at a much lower rate. That generally replaces stamp duty which we have.

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Good idea more taxes!

Agreed. What we need are less taxes not more. A certain amount of taxation is fine for a civilised society but what we have now is parasitic and is strangling all life from its limp host.

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The latter

Not that I think more taxes is a good idea, but it would be easy enough to stop form of avoidance by charging VAT based on the amount of time the seller had lived in the house. That's how capital gains is charged on house sales in Canada and it seems to work and be relatively hard to avoid (evasion is a totally different issue).

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  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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