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November Budget - Stop Public sector IR35 rules coming into the Private sector

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  • TheCyclingProgrammer
    replied
    Originally posted by heyya99 View Post
    SJD email saying no mention of IR35 reform in budget. This site says there was. Who's fibbing?
    Technically it was mentioned, as jamesbrown said, in the red book. Nothing in the speech itself.

    Leave a comment:


  • jamesbrown
    replied
    Originally posted by heyya99 View Post
    SJD email saying no mention of IR35 reform in budget. This site says there was. Who's fibbing?
    Neither? Nothing in the speech, a consultation in the Red Book.

    Leave a comment:


  • heyya99
    replied
    SJD email saying no mention of IR35 reform in budget. This site says there was. Who's fibbing?

    Leave a comment:


  • TydnA
    replied
    Originally posted by hugebrain View Post
    An extra 90,000 tax when I buy a house - so maybe I'll have to do another contract after all.

    ( Workings - 5000 stamp duty, 95 percent mortgage means prices up 100,000 tax at 50 percent, so now pay 100,000 minus 10,000 = 90,000 extra)
    Have you been drinking??

    Leave a comment:


  • eek
    replied
    Originally posted by hugebrain View Post
    Can't you still get a 95 percent mortgage?

    That's how I got from a 5000 stamp duty decrease to a 100,000 price increase.
    Mortgages are based on your income and ability to repay and have nothing to do with any deposit you have.

    Mortgage rates are then based on risk and the more equity you put into the property the lower the risk and the lower the interest rate

    Leave a comment:


  • TheCyclingProgrammer
    replied
    Originally posted by hugebrain View Post
    Can't you still get a 95 percent mortgage?

    That's how I got from a 5000 stamp duty decrease to a 100,000 price increase.
    Being able to put another £5k towards a deposit doesn't mean you can afford to borrow another £95k though does it?

    Leave a comment:


  • hugebrain
    replied
    Originally posted by eek View Post
    House prices are determined by how much you can borrow - this stamp duty change isn’t going to result in a £95,000 increase in house prices.

    Can't you still get a 95 percent mortgage?

    That's how I got from a 5000 stamp duty decrease to a 100,000 price increase.

    Leave a comment:


  • eek
    replied
    Originally posted by hugebrain View Post
    An extra 90,000 tax when I buy a house - so maybe I'll have to do another contract after all.

    ( Workings - 5000 stamp duty, 95 percent mortgage means prices up 100,000 tax at 50 percent, so now pay 100,000 minus 10,000 = 90,000 extra)
    House prices are determined by how much you can borrow - this stamp duty change isn’t going to result in a £95,000 increase in house prices.

    Leave a comment:


  • hugebrain
    replied
    An extra 90,000 tax when I buy a house - so maybe I'll have to do another contract after all.

    ( Workings - 5000 stamp duty, 95 percent mortgage means prices up 100,000 tax at 50 percent, so now pay 100,000 minus 10,000 = 90,000 extra)

    Leave a comment:


  • MrMarkyMark
    replied
    Originally posted by poorautojobber View Post
    Not sure about god but they've certainly been doing work on this recently.
    Indeed they have, definitely credit where credits due and I have been critical in the past

    The press attention they attracted was definitely beneficial IMO.

    Leave a comment:

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