Monday, June 7, 2010
More dishonest “statistics” to hide behind
Fears over CGT hike
I have a cracking idea - lets pretend all old people are rich and have loads of assets to sell. Now lets pretend they are poor and need those assets to pay for their care. Now lets pretend the government will not pay for that care and will make them live their last days in a bus shelter in Salford eating leftover McDonalds.....
Posted by chrisch @ 10:15 PM (1692 views)
9 thoughts on “More dishonest “statistics” to hide behind”
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Superruss says:
Well I think we can safely say after today’s announcements that there will be a rise back to 40% and maybe more.
I love how blatant it now is though, this apparent need to enslave the young through housing -it’s just becoming embarrasing for the VIs. So much so that I shall add a ‘lol’ to that last sentence.
paul says:
The Big Lie about this is that property was subject to normal tax like every other asset until a couple of years ago.
Now it is treated by the media as if this is a brand new gambit from a fiendish moenygrabbing government. It is not.
I know who the thieving liars are in this argument and its not the government.
dill says:
REMEMBER:
The notional gains in property were created by a laissez-faire credit bubble which wasn’t backed by solid money. Governments then had to find ways and means to cover that corruption, in order to hold the system itself together. So now they have to get it back. Easy come, easy go!
enuii says:
Have just driven through the leafier bits of cheshire, a route I tread once per week and quite frankly I am amazed how many over developed former two up two down former farm workers cottages, barn conversions and other rural and semi-rural blinged out properties with humungous conservatories and the obligatory 4×4/BMW/AUDI have suddenly got for sale signs up outside.
It’s all seems as if these folks have suddenly decided the game is up and are trying to cash in quick!
It’s almost surreal at times because to be quite blunt some of these properties have nothing really going for them, I remember 15-20 years ago they were the sort of places that nobody wanted and then ‘bing’, with oodles of cash spent on them they were suddenly turned into little ‘crib’ style palaces that never came onto the market in any significant volume.
Strangely everyone wants to now sell them asap resumable while they can still afford to pay the mortgage!
Bleh says:
Meh….. If they are in a care home for over two years why on earth are they holding on to the house.. sell it already.
Its odd but suddenly all these extra homes people have now that they might get taxed at a proper rate on them… and apparently there is a housing shortage….
No shortage just an oversupply of greedy t%ssers who dont want to work for a living.
the number cruncher says:
enuii – I have a 20 mile cycle to work (not every day) through some lovely villages in Kent – I have noticed something very similar over the last couple of months, with the ‘blinged out’ country properties, and recently renovated propeties at the high end coming onto the market, even a few boards up for auction and not sale.
waitingfor hpc says:
number cruncher – where in Kent? I live just outside Tunbridge Wells!
Leet says:
I’d be interested to know how many people who’ve been in care homes for longer than 2.5 years (giving them 6 months to sell before CGT applies) move out of the care home into their former residence. Not many I’d imagine. For most the care is home is the primary residence and they stay there till they shuffle off their mortal coils. Solution is to sell before CGT applies like anybody else who moves home whilst still owning a previous home.
the number cruncher says:
Between Canterbury and Ashford