MASSIVE TAX hikes on the cards !

[CharlieH]

 

 

[BritManToo]

I agree with most of the Labour ideas.

Buy to let is an abomination that makes purchasing out of reach for normal people.

 

Single people living in large houses should pay full council tax, their selfishness restricts people from finding housing.

 

Holiday homes, pushes local housing prices beyond the reach of local people. One person one home maximum.

 

And why should business owners escape paying the same NI as employees?

Edited yesterday at 09:53 AM by BritManToo

[Will B Good]

 

 

 

Henry Bolton....555.....you're 'ave in a tin barf.

 

 

 

 

Edited yesterday at 09:52 AM by Will B Good

[MangoKorat]

54 minutes ago, BritManToo said:

Buy to let is an abomination that makes purchasing out of reach for normal people

Sorry, don't agree. 'Buy to Let' may have had a small effect on house prices but the difficulties faced by people trying to get on the housing ladder are faced in many countries where the 'Buy to Let' phenomenon doesn't exist.

 

The problem is really a factor of capitalist societies that create have's and have not's through massive pay differentials - value to the company determines pay rather than the amount of work pout in - etc. etc. A cleaner, for example, might earn 10% of the salary that a manager gets but both are essential to run the company. In the UK, for example, we pay nurses, on average - £37,000 p.a. whilst a hospital manager can expect to earn an average of almost £56,000 - which member of staff can the hospital do without?

 

https://www.nurses.co.uk/careers-hub/nursing-pay-guide/

 

https://www.glassdoor.co.uk/Salaries/hospital-manager-salary-SRCH_KO0,16.htm

 

You should not forget that Buy to Let landlords (and yes, I am one of them) have provided homes for people who would previously have rented from their local authority (council houses). Council houses are in extremely short supply these days as many have been bought by their tenants under Thatcher's (much abused) Right to Buy scheme.

 

Where would people live if there were no 'Buy to Let' homes?  The councils have sold much of their stock off and very few new council homes are being built.  The answer to that question is very likely to be answered in the coming few years as many 'Buy to Let' landlords get out of the business.  I'm selling up, as are others that I know of - we are sick and tired of unfair tax changes and new regulations.

 

Did you know for example that HMRC now treat the entire rental income from a 'Buy to Let' as profit, regardless of whether the landlord has a mortgage to pay on the property?  You can buy a box of Apples for £5 and sell it for £10 and HMRC see your income as £5.  Receive £1000 in rent from a property but pay £500 in mortgage interest - your real income is £500 but under the new rules, HMRC calculate your income as £1000.

 

It will be interesting to see how this and future governments deal with the shortage of properties for rent that these new rules and regulations create.

Edited yesterday at 10:41 AM by MangoKorat