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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2 Comments

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.

Thursday, December 3, 2020 09:26PM Report Comment
 

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

Friday, December 4, 2020 08:49AM Report Comment
 

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