Reply to: Me house is me pension

[GigiBronz]

Just up the inheritance tax and let COVID run riot. Problem solved

And let them run loose on beer and poor quality food. “Eat out to help out”...
Makes sense

[MarillionFan]

Just up the inheritance tax and let COVID run riot. Problem solved

[Old Greg]

So the now old people had all kind of loop holes and ways to avoid tax at their disposal and now manipulated woke young generation wants everyone (but them) to pay high taxes and loopholes closed. Little do they know that if they stay poor, the wealthy now old people will be able to control them easier.

FOG

[elsergiovolador]

So the now old people had all kind of loop holes and ways to avoid tax at their disposal and now manipulated woke young generation wants everyone (but them) to pay high taxes and loopholes closed. Little do they know that if they stay poor, the wealthy now old people will be able to control them easier.

[AtW]

Quick - time to transfer your house ownership into the limited company....

Corp tax + divi tax = worse than CGT

[AtW]

Not every property is on the Land Registry.

Quite a few have been in the same family for centuries, and only sales after 1925 have been officially registered.

In 1925 price was probably a hundred pounds

So assume 0 and CGT on the whole lot

Here is even better idea - higher CGT for longer holdongs (wealth hoarding - tax avoidance)

[AtW]

Why do you still pay tax? You've always raving how awesome it is your can print your own sovereign currency - let's print!

I pay tax because I don’t want to end up like BrilloPad

Same reason I don’t get married...

[fiisch]

Quick - time to transfer your house ownership into the limited company....

[OwlHoot]

CGT on real estate should be easy to administer - just take % from difference between new sale price vs previous as recorded in the Land Registry - take money at source too, like stamp duty before money even reach seller.

Fair, easy - but won’t happen. ...

Not every property is on the Land Registry.

Quite a few have been in the same family for centuries, and only sales after 1925 have been officially registered.

[d000hg]

For the Govt...

“ British homes could be the new source of billions of pounds in much needed revenue for the Government in the form of a wealth tax, following the economic devastation of the coronavirus pandemic.”

How would a wealth tax work and what would it look like?

There should be a tax on links to paywall sites.

[DimPrawn]

For those weird morons frothing at the mouth to handover more tax to Boris and his cronies to piss up the wall, please cancel your ISA and pension arrangements and donate to the following good cause.

| CRND

TIA

[scooterscot]

Why do you still pay tax? You've always raving how awesome it is your can print your own sovereign currency - let's print!

[AtW]

I thought council tax was only for local services? ..

And maybe you think that Wealth Tax will be tax to make the wealthy even more wealthy?

[scooterscot]

It’s called Council Tax in the UK

And it does not matter that they did not re-value for some time - it is based on market value, unlikely to have changed in relative terms to each band

Maybe Conservatives should rename it as Wealth Tax - this way they can tax the rich and get rid of hated Council Tax!

I thought council tax was only for local services? i.e. not income tax levels as it is in the channel islands.

Been away too long me...

[AtW]

Then with the extra tax revenue, pay some mates £150m for PPE that doesn't work.

Coronavirus: Outcry over GBP150m of worthless facemasks prompts spending inquiry | News | The Times

Boris will drain the swamp!!!