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"“I don’t want to evict them, all I want is the rent to pay the mortgage,” he added. His monthly mortgage payments on the property are about £400."

Why not go to the bank and ask to defer?

Haha

HAHAHAHAHA

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https://www.bbc.co.uk/news/business-54908037

 

Get the violin out again for the second home owners...

CGT on house sales is long overdue for a reform. Apparently, according to Adarmo, it is levied on house sales but with a 100% relief.  Easy to claw back.

 

Deutsche Bank Research: Tax home workers 'to help those who cannot'

If you want to add a WFH tax on earned work, start with the unearned Billions tied up in houses and Trillions in Havens

 

 

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CGT on house sales is long overdue for a reform. Apparently, according to Adarmo, it is levied on house sales but with a 100% relief.  Easy to claw back.

 

Deutsche Bank Research: Tax home workers 'to help those who cannot'

If you want to add a WFH tax on earned work, start with the unearned Billions tied up in houses and Trillions in Havens

 

 

Removing the primary residence relief would go down like a cold plate of cat sick for the majority of the electorate - cant see it happening assuming they want to get re-elected again.. which they do.

 

However increasing CGT rates to the same as income tax on second homes would be doable.. who is a portfolio landlord going to vote for instead? labour with rent controls?

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Removing the primary residence relief would go down like a cold plate of cat sick for the majority of the electorate - cant see it happening assuming they want to get re-elected again.. which they do.

 

However increasing CGT rates to the same as income tax on second homes would be doable.. who is a portfolio landlord going to vote for instead? labour with rent controls?

Or CGT rates just level with income full stop! and get IHT up there too!

 

CGT on house sales is long overdue for a reform. Apparently, according to Adarmo, it is levied on house sales but with a 100% relief.  Easy to claw back.

 

Deutsche Bank Research: Tax home workers 'to help those who cannot'

If you want to add a WFH tax on earned work, start with the unearned Billions tied up in houses and Trillions in Havens

 

 

Adarmo is correct. CGT applies on disposal of the asset. 

Taxing working from home is just pure insanity. Taxing someone for travelling less, wasting less, being able to spend time with their kids etc. Many people have spent a lot of time and effort getting into a position where they can work from home, if someone decided they want to serve coffee or be an estate agent and cannot work from home then it's sort of their career choice? What about benefits? They're at home all the time for doing jack. Perhaps force them to go to another place for absolutely no reason to avoid having their benefits cut?

 

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Removing the primary residence relief would go down like a cold plate of cat sick for the majority of the electorate - cant see it happening assuming they want to get re-elected again.. which they do.

 

However increasing CGT rates to the same as income tax on second homes would be doable.. who is a portfolio landlord going to vote for instead? labour with rent controls?

Agree 2nd home owners can be done without flak from the electorate.  Given most of the elite have 2nd homes, they might apply political pressure.

Reducing primary residence relief, especially for gains over 10 years would be a nice take and remove the political sting as it targets the huge unearned boomer gains.

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https://www.bbc.co.uk/news/business-54908037

 

Get the violin out again for the second home owners...

Some hilarious comments on that article, many from landlords I'm sure. Those leeches still try to pretend that they are providing homes for those in need and not in any way shape or form doing it to make a profit from those who cannot afford one home, never mind two or more.

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Some hilarious comments on that article, many from landlords I'm sure. Those leeches still try to pretend that they are providing homes for those in need and not in any way shape or form doing it to make a profit from those who cannot afford one home, never mind two or more.

Ive said for some time... Any btl scumbag should have offloaded their portfolio in 2018, there was never a better time. 

The longer they left it the closer to losing it all they were 

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Agree 2nd home owners can be done without flak from the electorate.  Given most of the elite have 2nd homes, they might apply political pressure.

Reducing primary residence relief, especially for gains over 10 years would be a nice take and remove the political sting as it targets the huge unearned boomer gains.

Wouldnt be seen like that. Everyone who owns a house i.e most of the electorate, would see it as a personal attack on their wealth, even if they were in negative equity. Can see the headlines now.. just cant see it happening in my lifetime. They would rather whack income tax upto 60%

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Wouldnt be seen like that. Everyone who owns a house i.e most of the electorate, would see it as a personal attack on their wealth, even if they were in negative equity. Can see the headlines now.. just cant see it happening in my lifetime. They would rather whack income tax upto 60%

Given over the next 2 GEs the traditional Tory Demographic of 65+ will halve, and the millennium babies will reach voting age, I'm not sure how that will stack.  Today's middle age don't have the benefit of decades HPI and are tied to sh*tty DC pensions and student loans.

This is what is wrong with us as a country and as a Societal system - we prefer to tax earnings and work rather than unearned hidden wealth, an antithesis of capitalism

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Given over the next 2 GEs the traditional Tory Demographic of 65+ will halve, and the millennium babies will reach voting age, I'm not sure how that will stack.  Today's middle age don't have the benefit of decades HPI and are tied to sh*tty DC pensions and student loans.

This is what is wrong with us as a country and as a Societal system - we prefer to tax earnings and work rather than unearned hidden wealth, an antithesis of capitalism

Been the same since the 1950s. There is a ready supply of 64 year olds ready to take the 65 year olds place.

Population pyramid is actually skewed towards more pensioners over the next 3 decades - most are still home owners, might be the only asset they have. Taxing that would cause even more uproar for them mentally.

Edited by captainb
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Or CGT rates just level with income full stop! and get IHT up there too!

Adarmo is correct. CGT applies on disposal of the asset. 

Taxing working from home is just pure insanity. Taxing someone for travelling less, wasting less, being able to spend time with their kids etc. Many people have spent a lot of time and effort getting into a position where they can work from home, if someone decided they want to serve coffee or be an estate agent and cannot work from home then it's sort of their career choice? What about benefits? They're at home all the time for doing jack. Perhaps force them to go to another place for absolutely no reason to avoid having their benefits cut?

 

All that will do is force people back into the office, taking a packed lunch and tin of coffee with them.

I guess a packed lunch tax will be on the cards then. YOU HAVE TO SPEND YOUR MONEY ON OVERPRICED SHIT OR THE SKY WILL FALL IN!!!

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Been the same since the 1950s. There is a ready supply of 64 year olds ready to take the 65 year olds place.

Population pyramid is actually skewed towards more pensioners over the next 3 decades.

The new retirees don't have DB pensions and are still paying for their offsprings deposit - they have less to risk and know which party got them into this mess.

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All that will do is force people back into the office, taking a packed lunch and tin of coffee with them.

I guess a packed lunch tax will be on the cards then. YOU HAVE TO SPEND YOUR MONEY ON OVERPRICED SHIT OR THE SKY WILL FALL IN!!!

Its when they insist you have to have a nespresso machine at home.. game over.

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Ive said for some time... Any btl scumbag should have offloaded their portfolio in 2018, there was never a better time. 

The longer they left it the closer to losing it all they were 

S24 killed the leverage IO BTL loons.

This thread,from 2015, was the best advice money  did not need to buy.

 

Instead, they spend 5 years, failing to calculate how S24 works. Then they started looking at gormless workaroud - LtdCo etc etc.

As Bland said - S24 was a very devious well thought end to the lunacy of IO BTL.

It was softened by giving the idiots 5 years to get rid.

They didnt.

Changes o CGT on 2nd homes and BTL are just minor tweaks.

ost of the IO BTL I know of operating in the North are very lucky in not having any CGT as the  BTL  are ~~30k below water.

Every cloud eh?

 

 

 

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Been the same since the 1950s. There is a ready supply of 64 year olds ready to take the 65 year olds place.

Population pyramid is actually skewed towards more pensioners over the next 3 decades - most are still home owners, might be the only asset they have. Taxing that would cause even more uproar for them mentally.

No, totally different. No comparable.

Modern home owning didnt become a mass market thing until the 70s.

At the moment, theres a big thing with the average home owner being ~60+ and majority under 45 renting.

Most home sellers will come to curse IO BTL as it dawns on them theyve sucked all the cash which could have built equity for the under 45s.

A lot of towns are now probate driven.

 

 

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  • 439 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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