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House Prices Would Be Hit By 'revolutionary' Property Tax Proposed By Oecd

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Any time they want to bring in a new tax and 'get rid of old ones' tax rates still manage to rise.

Taxes only go one way , UP.

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Not going to happen:

Mike Warburton, a senior partner at Grant Thornton, was even more outspoken: “I have often thought that the sure-fire way of a Government ensuring that they did not get re-elected would be to put up tax on pensioners or tax people’s homes.

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Of course, we could always get rid of government, maybe not all, certainly the bit that is digging up colchester and installing traffic lights galore, safety islands and all the other Road furniture they love to just keep on installing

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A good idea, but hardly revolutionary; it's what the old rates and Schedule A Income Tax on imputed rent used to do. It was when the latter was abolished in 1963* that the whole 'housing as an investment' meme started to take off.

* The associated Mortgage Interest Tax Relief wasn't finally phased out until a few decades later.

Edited by CrashConnoisseur

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Of course, we could always get rid of government, maybe not all, certainly the bit that is digging up colchester and installing traffic lights galore, safety islands and all the other Road furniture they love to just keep on installing

+1

Same here in Swindon, potholed to f*ck, subsidence, cracked surfaces etc but shiny new islands, humps etc all over the place. It's almost not possible to turn right without having a green light these days.

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  • 285 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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