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Tax free money

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    Tax free money

    House prices recorded their biggest monthly jump since 2002 in January, with a 2.5pc increase, Land Registry figures show.

    The £4,732 cash increase in the average property value compared with December pushed the average house price across England and Wales to £191,812.

    The 2.5pc upswing is the biggest monthly percentage increase recorded by the Land Registry since June 2002.

    On a regional basis, Wales saw the biggest monthly increase in property values in January, with a 3.7pc increase taking the average house price there to £125,665."

    Source: House prices make biggest leap in 14 years, says Land Registry 

    Why work and pay punitive rates of tax when one could just borrow money for apparently like 1% rates and get tax free equivalent of £100k a year job???

    #2
    Originally posted by AtW View Post
    Why work and pay punitive rates of tax when one could just borrow money for apparently like 1% rates and get tax free equivalent of £100k a year job???
    AND have more time to post on CUK.

    Comment


      #3
      Originally posted by WordIsBond View Post
      AND have more time to post on CUK.
      Only if you have Internet in your new house...

      Broadband connection will cost £20,000, owners of new homes are told

      Comment


        #4
        Because you have to keep selling to realise the value, which takes time. Pricess occasionally stagnate or take small dips, which doesn't make you anything. Stamp duty, mortgage, fees and the rest mean you don't make anything in a year anyway. In short, you haven't done your sums.
        ⭐️ Gold Star Contractor

        Comment


          #5
          Originally posted by PerfectStorm View Post
          Because you have to keep selling to realise the value, which takes time.
          But you can remortgage!

          Infinite supply of tax free money with current cost of 1% per year or so - Cost of most popular mortgage deals to fall below 1pc

          Govt will always bail the banksters and households deep in debt at the expense of savers - you can't lose!

          What's not to like???



          AtW in "DimPrawn" mode

          Comment


            #6
            Originally posted by AtW View Post
            But you can remortgage!

            Infinite supply of tax free money with current cost of 1% per year or so - Cost of most popular mortgage deals to fall below 1pc

            What's not to like???



            AtW in "MF" mode
            FTFY

            Come back to reality Sergei.

            Comment

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