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Post by hedleyverity on Aug 28, 2024 8:40:09 GMT
This 22 million pounds black hole that Labour have conveniently created/found. Here's a suggestion, scrap HS2 which for 99% plus of the UK population is irrelevant to them. Use the money left over to sort a legal way for Starmer to send all the illegal arrivals back as they are also costing us billions each year whilst creating nothing for the economy. He moaned about it when he was in opposition, now is his chance to actually do something about it. This is one of the biggest challenges that we as a Country face. Has he visited Dover yet to see for himself what it's like down there? If not, why not? I'm off out to take in some fresh air up in Lyme Park before they put a tax on that What would you like him to do in Dover? Genuinely, what value would him going to Dover bring? He’d get a photo opportunity, which as a fan of Nigel, TLOBS mistakes for doing something. Nigel loves a photo opportunity, apart from when he flew all the way to America and his best mate wouldn’t even give him 5 seconds for a quick thumbs up shot. Poor Nigel.
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Post by The Real Exile on Aug 28, 2024 8:43:28 GMT
The value of my house hasn't gone up by sheer luck, I added a driveway, replaced 2 x lean to additions with proper warm roofs, mainly done myself to keep costs down. Due to circumstance and doing the right thing I was trapped unable to buy for over 12 years meaning a shorter term mortgage with heavy repayments, with interest rates as they are thanks to Truss it means sacrifice to keep said pile of bricks, away games are a rare luxury, the odd short UK break that's it. Hence it seems unfair to be taxed on it after I peck it. I came from a Council House and a single parent family, everything I have was by my hard graft, I didn't go to university as I had to work, nothing was gifted to me. My 27 and 26 year olds like many can't get on the ladder and I'm not in a position to help so when I peck it if it helps them then why not.2nd homes and the likes I get taxing and mansions but not a fairly modest converted bungalow like mine.
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Post by desmond on Aug 28, 2024 8:44:29 GMT
This 22 million pounds black hole that Labour have conveniently created/found. Here's a suggestion, scrap HS2 which for 99% plus of the UK population is irrelevant to them. Use the money left over to sort a legal way for Starmer to send all the illegal arrivals back as they are also costing us billions each year whilst creating nothing for the economy. He moaned about it when he was in opposition, now is his chance to actually do something about it. This is one of the biggest challenges that we as a Country face. Has he visited Dover yet to see for himself what it's like down there? If not, why not? I'm off out to take in some fresh air up in Lyme Park before they put a tax on that National Trust/Lyme Park have already hit you with a tax on going in there, used to be £5 for a car full if you were only walking round the park, now they charge per person !
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Post by The Real Exile on Aug 28, 2024 8:47:17 GMT
This 22 million pounds black hole that Labour have conveniently created/found. Here's a suggestion, scrap HS2 which for 99% plus of the UK population is irrelevant to them. Use the money left over to sort a legal way for Starmer to send all the illegal arrivals back as they are also costing us billions each year whilst creating nothing for the economy. He moaned about it when he was in opposition, now is his chance to actually do something about it. This is one of the biggest challenges that we as a Country face. Has he visited Dover yet to see for himself what it's like down there? If not, why not? I'm off out to take in some fresh air up in Lyme Park before they put a tax on that National Trust/Lyme Park have already hit you with a tax on going in there, used to be £5 for a car full if you were only walking round the park, now they charge per person ! Is it still 'free' with a membership?
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Mozzer
Contributor
Posts: 1,306
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Post by Mozzer on Aug 28, 2024 8:49:47 GMT
What would you like him to do in Dover? Genuinely, what value would him going to Dover bring? He’d get a photo opportunity, which as a fan of Nigel, TLOBS mistakes for doing something. Nigel loves a photo opportunity, apart from when he flew all the way to America and his best mate wouldn’t even give him 5 seconds for a quick thumbs up shot. Poor Nigel. He represented Clacton on the international stage. Back off, hater.
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Post by desmond on Aug 28, 2024 8:51:48 GMT
National Trust/Lyme Park have already hit you with a tax on going in there, used to be £5 for a car full if you were only walking round the park, now they charge per person ! Is it still 'free' with a membership? Free for the member but others in the car have to pay even if only going in the grounds. If you drop your passengers off at the gate and have them walk in they don’t have to pay ! Stopped my membership now and drive over to Dunham Massey instead, you can park close by at the rear of the park and just walk in.
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Post by The Real Exile on Aug 28, 2024 8:54:46 GMT
Is it still 'free' with a membership? Free for the member but others in the car have to pay even if only going in the grounds. If you drop your passengers off at the gate and have them walk in they don’t have to pay ! Stopped my membership now and drive over to Dunham Massey instead, you can park close by at the rear of the park and just walk in. No way, what a con.
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Post by herbiedumplings on Aug 28, 2024 8:55:51 GMT
That - and paying Capital Gains - are what define you as ‘middle class’ according to the Mail and the Telegraph. In the South East where homeowners have made a pile through the property price bubble, perhaps. Not that the right-wing press is Home Counties centric, or anything… Again they have made this pile by shear accident and not some devious plan of their own. If you live in the SE yes the value of your property has gone sky high but so will there new one purchased unless they move out of the region. This wasn’t a point about earned/unearned income; it was a point about defining the middle class by whether you pay CGT and/or your children will be liable for IHT. In the case of the latter, it’s already been pointed out that only 4% of people leave an estate valuable enough to attract IHT, which doesn’t scream households where the adults are professionals, semi-professionals, and/or lower-to-middle managerial level workers. Once again, we’re back to the dog-whistle nonsense from the election of Starmer coming for your taxes. Yes, yours Colin. Yours specifically, Colin. Not anybody else’s: yoursObjectively, the Winter Heating Allowance thing will have a pretty widespread impact but the as has already been said, it’s not just little old widows in council flats who get it; it’s ex-pat retirees with Spanish villas. A line had to be drawn and it’s hard to see where else to draw it. But defining the ‘middle class’ as the top 4% on the wealth scale? Please…
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Post by mattyovrio on Aug 28, 2024 9:16:09 GMT
The value of my house hasn't gone up by sheer luck, I added a driveway, replaced 2 x lean to additions with proper warm roofs, mainly done myself to keep costs down. Due to circumstance and doing the right thing I was trapped unable to buy for over 12 years meaning a shorter term mortgage with heavy repayments, with interest rates as they are thanks to Truss it means sacrifice to keep said pile of bricks, away games are a rare luxury, the odd short UK break that's it. Hence it seems unfair to be taxed on it after I peck it. I came from a Council House and a single parent family, everything I have was by my hard graft, I didn't go to university as I had to work, nothing was gifted to me. My 27 and 26 year olds like many can't get on the ladder and I'm not in a position to help so when I peck it if it helps them then why not.2nd homes and the likes I get taxing and mansions but not a fairly modest converted bungalow like mine. I am not an expert, but you won’t be paying any CGT as it is your main residence so not liable for CGT. As for IHT, unlikely a modest bungalow would take your estate over the threshold and you could always leave it all to your spouse and again not pay any ( best not tell her!). 🤣
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Post by The Real Exile on Aug 28, 2024 9:32:49 GMT
The value of my house hasn't gone up by sheer luck, I added a driveway, replaced 2 x lean to additions with proper warm roofs, mainly done myself to keep costs down. Due to circumstance and doing the right thing I was trapped unable to buy for over 12 years meaning a shorter term mortgage with heavy repayments, with interest rates as they are thanks to Truss it means sacrifice to keep said pile of bricks, away games are a rare luxury, the odd short UK break that's it. Hence it seems unfair to be taxed on it after I peck it. I came from a Council House and a single parent family, everything I have was by my hard graft, I didn't go to university as I had to work, nothing was gifted to me. My 27 and 26 year olds like many can't get on the ladder and I'm not in a position to help so when I peck it if it helps them then why not.2nd homes and the likes I get taxing and mansions but not a fairly modest converted bungalow like mine. I am not an expert, but you won’t be paying any CGT as it is your main residence so not liable for CGT. As for IHT, unlikely a modest bungalow would take your estate over the threshold and you could always leave it all to your spouse and again not pay any ( best not tell her!). 🤣 Yes, as things stand. The concern is if that changes of course, yes you can put stuff in trusts and so forth etc.
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Post by hedleyverity on Aug 28, 2024 9:44:24 GMT
He’d get a photo opportunity, which as a fan of Nigel, TLOBS mistakes for doing something. Nigel loves a photo opportunity, apart from when he flew all the way to America and his best mate wouldn’t even give him 5 seconds for a quick thumbs up shot. Poor Nigel. He represented Clacton on the international stage. Back off, hater. He represents Clacton internationally all the time at his gaff in Bruxelles, I’m there next week, if I spot him out and about I’ll pass on TLOBSs regards, would ask him to do a little video hello, but he charges for that sort of thing. Luckily for Nige I won’t be on the milkshakes.
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Post by vicar on Aug 28, 2024 9:47:49 GMT
I am not an expert, but you won’t be paying any CGT as it is your main residence so not liable for CGT. As for IHT, unlikely a modest bungalow would take your estate over the threshold and you could always leave it all to your spouse and again not pay any ( best not tell her!). 🤣 Yes, as things stand. The concern is if that changes of course, yes you can put stuff in trusts and so forth etc. Personally I think the threshold should apply to all income, £12500 is far too low but whatever the threshold is we should be taxed on anything above that, I'm afraid that inheritance is income and should be taxed accordingly. Like TRE I was brought up in a council house and inherited nothing, I've fixed up my houses myself and this one in Spain was a ruin when we bought it, I spent most of my holidays for years renovating it, when I turn my toes up my girls will get a modest amount but it should be taxed, we can't have schools, hospitals, police etc if we're not willing to pay.
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Post by hedleyverity on Aug 28, 2024 9:50:47 GMT
Isn’t IT pretty much a tax on those who aren’t organised enough to get round it? (Or on the kids of them)
Looks like it needs charging more fairly and widely to me
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Post by HTC on Aug 28, 2024 9:59:41 GMT
Isn’t IT pretty much a tax on those who aren’t organised enough to get round it? (Or on the kids of them) Looks like it needs charging more fairly and widely to me sort of, but you also have to factor in that somewhere around 20 - 25% of people need care homes too, for which many need to self-fund at least in part.
The debate always tends to mix the two things up. Only 4% may pay IT, but a not insignificant amount of people 'lose' the ability to pass housing wealth down through the generations due to the care fees.
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Post by timberwolf on Aug 28, 2024 10:03:10 GMT
The whole system is broken. Inheritance tax is an easy target.. and so it should be with a combined allowance of £650,000. But the biggest problem is the rates of tax are too low. 20% isn’t sustainable in the 2020s. Neither is it acceptable that people earning over £12,500 start paying tax.. that’s poverty wages. Personal allowance needs lifting significantly to nearer £20k but the basic rate up to 22 or 23%, perhaps even 25%. 40% should go to 45%. And while we’re at it.. scrap student loan debt. It’s a sneaky way of increasing effective tax rates before you get anywhere near the 40% rate… and it’s anti family. It would be refreshing to hear a public debate about how all the various tax options would impact our tax bill and what extra funds could be raised for Services. None of us know enough about the possible choices so we’re never in a position to judge properly. Totally agree with all that ancient especially the personal allowance and the rate tax is paid after that. Know when i first got married i paid a higher percentage than your highest 25% figure. However do you think a party who said that in their manifesto would actually be voted into power to be able to implement that.
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