Sunday, Nov 29, 2020
Got to look after the rich
This is Money: Second home owners who registered properties as businesses set to land £85m windfall from Government's small business grant scheme
Whilst the chancellor is looking to make cuts & tax rises a so-called "loophole" entitles some wealthy second home owners to around £1300 of free taxpayer cash.
Posted by landofconfusion @ 02:57 PM (1342 views)
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1. deepak said...
Also note the first reason why these people registered them as Businesses is they get tax benefit.
I think they do not have to pay Council tax but pay business rates on those properties. As they are for a small unit low rate-able value and part use for the year and most of them pay nothing.
They are also eligible for other business loan schemes as well.
Financial crisis is always a process of giving money from poor to the rich, and the recovery is for the poor to work harder and harder to earn it back.
2. mombers said...
Imagine if you had a levy on the unimproved rental value of all land at permitted use. Whether you had a residence on it, or a business, or a residence dressed up as a small business, you'd pay the same. People would behave in much less damaging ways