Shopping & Style4 mins ago
Here's The Budget Hit List .....
14 Answers
Some crackers in there......
Double death tax both CGT + IHT!
NI on BTL property rents
IHT threshold slashed to £125k
CGT to 37%, 53% on BTL property sales.
Think you can escape.....
CGT charges on leaving UK
Yep it's real Labour all right!
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Quite possibly Douglas.
Most big money has already left these shores in antisipation of this. It will only affect the middle classes and consequently the poor as the middle class cut their cloth and stop haveing work done or employing people.
It truly is an Old Labour Government anly this time run by incompetants, still we shall see when the real budget comes out.
Lets not forget often things are put out into the public domain to test the water or when its implemented its a cut down version. I'm convinced they do this so the public think "Ah not so bad then" but it is they have been hood winked. And this applies to all hues.
"Therer's also the possibility they'll scrap the 25% Council Tax discount for single occupants."
Actually that isn't a 25% discount; it is a 50% surcharge. Since there is no justification to charge a flat rate per property a fair Council Tax would be based on a property's occupancy, not on a flat rate.
Note for younger readers: that principle was applied to Mrs Thatcher's Community Charge (aka "Poll Tax"). Strangely that led to riots in the High Street, whereas the singularly unfair "Rates" system which preceded it and similarly unfair Council Tax system which replaced it seem to be perfecly acceptable.
The problem with "poll tax" was that it was poorly implemented.
Firstly councils should not have been allowed to use it as an excuse to increase revenue, which any labour councils did (I suspect deliberatley)
Secondly TGL should have just employed the fathers of todays Starmers Stasi to quell the riots and lock up any desenters.
The poll tax increased tax for more highly occupied properties by taking no account of the ability of the occupants to pay, and so was justifiably considered totally unacceptable. It should never have been suggested.
Discounts for 1 or 0 occupants are just about giving such citizens a fair deal, since the cost to such places are mainly the fixed costs rather than any additional use cost, so they were otherwise subsidising the rest of the community. It's not really comparable to a poll tax. (Mind you the dregs of society running the show now think it hilarious to multiply their demands for a zero occupancy home, absolutely happy to steal the pension off of their victim while continuing to express their control freakery to manipulate citizens into doing what the authority wants then to do. They are no representative or servant of the people, they are the people's abusers.)
Granted using the value of someone's property as an indication of how wealthy & able they are to pay is an appalling idea, one is no weathier having saved and put money into a home than one is frittering one's income on good times etc., but it's the best politicians have managed to come up with. (I recall, I think it was the Liberals, suggesting a tax based on income once, but I, as a single occupant at the time, checked their table to see how much my contribution would fall under their scheme: and it showed it'd $&*#& rise; considerably !!!)
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