Thursday, Apr 25, 2013

Houses are pretty nice things to own

Mail: Nigella sells luxury flat at a £21m

The value of this house is 840 years of untaxed without living costs for the average UK worker. Seems a tad odd? To me yes. This is the same as 46 people on 45K a year, for a decade. Could they achieve more than this house? 46 people worth 45K working for a decade. More than the house or less than the house...In the UK umm...no house is better. The reason I post this is not just to point out how insane this is, but because I was thinking of starting some small endeavour, and the harsh impossibility of even getting 100K hammered into my mind. When in the UK the people who replot bin routes get that. Something funny? Did she call the top?

Posted by stillthinking @ 03:10 PM (2000 views)
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7 Comments

1. sibley's b'stard child said...

That's small change ST, I see your hovel and raise you a modest family home

MW will be interested in this snippet:

'If the mansion goes for the asking price, the buyer will have to fork out £17.5m in stamp duty. But council tax is a snip at just £1,361.48 per year.

Thursday, April 25, 2013 04:01PM Report Comment
 

2. alan said...

I think she has called top.

Can't see many folk paying silly prices in London any more.

Thursday, April 25, 2013 05:58PM Report Comment
 

3. jack c said...

PUBLISHED: 00:53, 5 April 2012 | UPDATED: 01:14, 5 April 2012 ?

Thursday, April 25, 2013 07:15PM Report Comment
 

4. inbreda said...

" council tax is a snip at just £1,361.48 per year"

WTF.

Friday, April 26, 2013 11:41AM Report Comment
 

5. mark wadsworth said...

SBC, Inbreda.... unless the home is owned by a company or trust (offshore or otherwise), in which case it slots nicely into the top bracket for the Mansion Tax Lite* which was introduced 5 April 2013, and the annual tax will be... ta daa... http://www.hmrc.gov.uk/ated/basics.htm#1>£140,000 per annum.

* It'll be interesting to see how many offshore companies evade this tax by re-registering the land and buildings in the name of, er, an offshore company, which is one of the stupid arguments raised against LVT. Fact is, people will probably just pay it, it's cheaper and less hassle paying the £140,000 a year and continuing to avoid the SDLT, inheritance tax, CGT and so on.

Friday, April 26, 2013 12:54PM Report Comment
 

6. mark wadsworth said...

I appear to have messed up that link.

Friday, April 26, 2013 01:29PM Report Comment
 

7. stillthinking said...

I paid around a 1000 tax for a one bedroom tax in Guildford on one of the council estates. So that does appear a snip. Unless the WTF is because its too low.

Saturday, April 27, 2013 03:20AM Report Comment
 

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