Pwned

[d000hg]

Stamp duty is a tax in some sense. So why more on top of that ?

It's a tax on moving not a tax on owning...

[BrilloPad]

Stamp duty is a tax in some sense. So why more on top of that ?

Agreed. I propose something on top. Effectively a form of income tax. But I believe it will be fairer as harder to avoid.

[fullyautomatix]

rents have been dropping recently in Central and West London. Nowt to do with yields. just chasing existing gains and inflating the bubble.



Why just foreigners? Why not tax on property over £500k?

Stamp duty is a tax in some sense. So why more on top of that ?

[d000hg]

It'd be better to fix the system, not ignore people avoiding tax and add new taxes on top.

[BrilloPad]

Not where my BTL is. I will be looking to raise in 6 months.

How do you know what will happen in 6 months? What has happened in central London could spread. Or it may not.

So you want to tax the middle class even more? A £500k property is about average in London.

I am concerned that alot of rich people seem to pay little tax. Property is easier to tax.

[sasguru]

Why just foreigners? Why not tax on property over £500k?

So you want to tax the middle class even more? A £500k property is about average in London.

[sasguru]

rents have been dropping recently in Central and West London.

Not where my BTL is. I will be looking to raise in 6 months.

[BrilloPad]

It's more to do with the high yields now on offer, especially in London.

rents have been dropping recently in Central and West London. Nowt to do with yields. just chasing existing gains and inflating the bubble.

Its time to introduce a tax on rich foreigners buying up property in UK. Rich oil sheiks from Gulf are really distorting the prices of property in London.

Why just foreigners? Why not tax on property over £500k?

[fullyautomatix]

Its time to introduce a tax on rich foreigners buying up property in UK. Rich oil sheiks from Gulf are really distorting the prices of property in London.

[sasguru]

Rise in foreign landlords is 'crowding out first-time buyers’ - Telegraph


I wondered if this might happen, especially with a weak pound and good tax breaks on property.

Not only will all the utilities be foreign owned but the majority of our housing and land.

It's more to do with the high yields now on offer, especially in London.
If you can get 6.5% that's better than most other investments.
I wouldn't worry about them being foreigners, when there's better places to invest they'll move on.

[DimPrawn]

Rise in foreign landlords is 'crowding out first-time buyers’ - Telegraph


I wondered if this might happen, especially with a weak pound and good tax breaks on property.

Not only will all the utilities be foreign owned but the majority of our housing and land.