a its very simple, £20 a year income expenditure £20.025 hell.
£20 a year income expenditure £19.975 heavan.
b. The rules are different out there, they play a different game.
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In trouble's post it started out about military costs which in my opinion we cannot afford, in answer to the price of a house, its price is govered by peoples ability to pay, as this declines through declining wages, job losses and lack of credit, prices will continue to fall, and I think they have a way to go, interest rates determin peoples ability to pay more than anything else, happy weekend people.:grin:
I think the problem sometimes, is that to do nothing is not an option. Governments have a certain obligations not to stand by and let other governments massacre their people – this is one of the functions of the UN.
Just a slightly cynical observation, humanity seems to be more precious where oil is produced
Trouble's post was originally in the Libya thread - feel free to put that point there.
Fair comment. But why are you advocating tax on someones 'own house'? Is it because you think it would keep property prices in check? Or because you think it's a source of income that should be taxed? Or some other reason?
In my opinion it depends on the circumstances in which someone is buying/selling. If someone is trying to climb the property ladder to accommodate an expanding family they derive no benefit from the increase in value because they immediately re-invest it all in their next property. However, a small number of people perpetually buy a run-down property, renovate it, sell up and pocket the profit. I'm tempted to say that if they are willing to live in a building site then I'm happy to let them keep the CGT. However, if their main employment and source of income is renovating their current property, it probably ought to be taxed appropriately. Other winners are people who sell up to emigrate to a country where property is much cheaper, or downsize from a very large property to a very small one.
Rumbled!! Gav is actually David Cameron!
This article suggests quite a lot of pessimism and a great deal of patience would be appropriate. However, it's easy to forget that the transition to democracy wasn't exactly easy in European countries. Many 1000s of people were guillotined in France during the revolution. Should we expect it to be any easier in Libya?
:yeah:Unfortunately we'll never know what cuts New Labour might have introduced had they won the last election. Cuts were required to reduce the deficit, however, I wouldn't have put it past them to stick their heads in the sand for another 5 years and carry on borrowing and printing money.
We need to wean ourselves off oil, then we can take a more objective view of the world.
However unless they knock the old house down, and build form the ground up, they will pay 20% vat on materials. and there will be PAYE and National insurance on any one they employ
We live in an overcrowded island so is that a bad thing
I do find the whole concept of the housing ladder strange. It seems to be based on the concept that the price of houses will always rise above wages and amazingly this continues to happen. Normally anything you buy, like a car, it deprecates but if that happens to houses it’s considered a very bad thing
Quite a few friends own houses but don’t live in them; they rent theirs out and rent someone else’s
I cannot decide if increaing houes price is a bad thing or a good thing
Well we're doing alright up here. The population of Scotland has barely changed over the last 100 years. Overcrowding is a southerners problem :)
http://www.statistics.gov.uk/downloa...population.pdf
We dont need to reduce the deficit, I have actually heard people speak of "paying off the deficit", its the shortfall in govt income, we need to pay off the debt, if you are drowning in debt, sinking at a slower rate is still drowning.
We wont wean ourselves off oil, we will have starvation, and wars.
I was only considering people who do the whole renovation themselves (e.g. a husband-wife or father-son team). Admittedly there aren't many that do that, but for those that do the tax-free 'earnings' at the end can be very large.
Depends who replaces them.
Provided a house is well looked after it should rise in value with inflation. In recent years some people have come under a strange illusion that when house prices rise they become more wealthy. They ignore the fact that they can only realease that additional wealth by moving somewhere less upmarket/expensive. I've even known someone who had seven different loans, all secured against their property, because various different lending organisations convinced them that house price rises had made them 'rich'.
Are they MPs by any chance? This report describes an interesting new scam that sounds like what you've just described.
Good for estate agents,
Bad for people that need a bigger place for an expanding family,
Good for people that want to downsize,
Bad for first time buyers,
Good if you lost your job and absolutely have to sell,
Of little consequence to most people who don't fit any of the above categories.
Sorry, I meant debt, not deficit. At the moment we throw away a huge amount of money in interest payments.
Starvation will come earlier for each field of edible crop that is replaced by bio-fuel crop.
Maybe now would be a good time to determine whether humans actually have any discernible impact on climate? :whistle:
People often can tell the difference between the two.
I think biofuel is a non starter wont happen on any scale. If you want to know how much energy is in a gallon of fuel, empty your tank and put exactly one gallon in, drive any from your home untill you run out, then push it back, by the time you've got back home you'll know.
At the end of the day, the tax man will get his share, its called death duties
http://www.youtube.com/watch?v=Maz9ddxEQnM