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Budget 2017 predictions thread

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Removal of all previous changes that might cause house prices to fall.

 

Re-introduction of HTB and another £300Bn for FLS as it's worked so well.

 

And yes, I am serious.

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1 minute ago, TheCountOfNowhere said:

Re-introduction of HTB and another £300Bn for FLS as it's worked so well.

Please, for the love of God, Noooo! :blink:

Some Govt funding for councils to build new homes for rent would be good. Unlikely though.

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8 minutes ago, MattW said:

Please, for the love of God, Noooo! :blink:

Some Govt funding for councils to build new homes for rent would be good. Unlikely though.

Do you see anything since 1970 that points to a change of direction.

The UK housing bubble is a pyramid/ponzi scam.

As the man says...you can't taper a ponzi.

 

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Something to boost the corporate Build to Rent tiny homes sector.

To meet the target of 1 million new (tiny) homes by the 2020 general election they're going to have to get a move on as they're well behind that target.

Edited by billybong

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Landlords urged to hold off from incorporating until after Budget

The National Landlords Association (NLA) is urging members to hold off from incorporating in case the Government tries to clamp down on limited companies being formed to mitigate income mortgage interest relief changes.

Richard Lambert, chief executive of the NLA, said the Chancellor hinted in his Autumn Statement that the Treasury is concerned by the drop in tax revenues as a result of businesses across the economy incorporating to reduce their tax bills.

http://www.propertyindustryeye.com/landlords-urged-to-hold-off-from-incorporating/

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Raising CGT on property would be nice . It hasn't been touched for ages and a lot of accountants  feel it's due . It was interesting that CGT was lowered in the last budget although property was noticeably excluded from this. This would be very  popular with the general public and thus a vote winner  but I suppose it depends on  what the governments true objectives are regarding housing .   Assuming the government really does want BTL investors to  exit the market some would argue that this  would infact discourage people from doing so but this could be avoided by bringing  the policy in at a future date thus allowing ( and encouraging ) those who wish to exit to do so.  CGT on property has been higher in the past so it's no  sacred cow  ...... 40 %  would be nice.   Another reason why it might not happen could be that the government  is aware that once section 24 kicks in ( remember not one person has actually had to put hand in pocket  yet as it doesn't start till April ) that there is going to be a change  in the market and it wants  to see how this plays out first.

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Child benefit to be phased out over next 3 years. (Save a few quid and lots of admin)

Max Pension contribution reduced from 40K to 30k.  With a drop to 25K next year.

Lower Earnings Limit for NI scrapped (will stop the distortion whereby its cheaper for an employer to have lots of part-timers)

5p on Beer (cos they hate us)

3.5p per litre on diesel. Have to start encouraging people back to petrol

£1 off Champagne (keep Frogs happy ahead of Brexit negotiations)

MIRAS re-introduced for first 250K of any mortgage (including BTL). We want everyone to still be able to buy their home, when rate rise.

Inheritance Tax abolished outright (will save so much admin). Ensure kids aren't taxed on their parents luck I mean hard work.

Reduction in Stamp Duty Rates below 650k to encourage greater market activity mobility in the work-force.

New Mobile Phone and SIM card sales tax. An idiot upgrade tax on people and a forced ID to phone registration scheme too.

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9 hours ago, AvoidDebt said:

Landlords urged to hold off from incorporating until after Budget

The National Landlords Association (NLA) is urging members to hold off from incorporating in case the Government tries to clamp down on limited companies being formed to mitigate income mortgage interest relief changes.

Richard Lambert, chief executive of the NLA, said the Chancellor hinted in his Autumn Statement that the Treasury is concerned by the drop in tax revenues as a result of businesses across the economy incorporating to reduce their tax bills.

http://www.propertyindustryeye.com/landlords-urged-to-hold-off-from-incorporating/

I want this advice/prediction to backfire such that they'll all wish they'd got it done before the Budget and the NLA gets a roasting from landlords.

Oh, and I doubt the Treasury is concerned. They know about all that CGT they'll get at the crystallisation event when landlords incorporate. Also they aren't businesses across the economy remember, Richard, they are investors. :)

Edited by mrtickle

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11 hours ago, spyguy said:

Removal of basic rate income relief from BTL.

The current tax changes to BTL have been a hit.

 

Buy to let landlords have no option but to vote Tory. Hitting them is very popular with the middle classes whose kids are priced out. No one likes landlords - more private renters lower the tone.

My predictoons

more generous small business rate relief

lower lifetime allowance for pensions - saves a lot but you don't notice it until it's too late

 

Edited by MARTINX9

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