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It's quite clear what you said
Meeting affordable housing quotas, as long as it doesn't reduce your profits
- Thread starter Ihavenojob
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D
Deleted member 18243
Stating "It's quite clear what you said" without actually stating what you take issue with from what I said whilst at the same time suggesting a problem with something I didn't say wouldn't stand up in court.
Just say what you mean you tit!
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Going back to Housing,
"Labour to clamp down on foreign buyers of UK properties
Starmer plans rise in stamp duty and restrictions on new-build purchases"
Jim Pickard, George Parker and Joshua Oliver
YESTERDAY
A Labour government would increase the stamp duty paid by foreign buyers of UK property while also restricting the sale of new-build properties to overseas investors under plans being drawn up for the party’s general election manifesto.
Labour party leader Sir Keir Starmer wants to tackle Britain’s property affordability crisis, which has made it increasingly difficult for younger workers to buy their own homes.
Starmer’s policies are set to come under closer scrutiny ahead of a general election next year, with Labour far ahead in the polls and having made substantial gains in Friday’s local elections.
Labour would introduce new rules so that for a certain period — for example, six months — only first-time buyers would be able to buy homes in a new development, Labour officials told the Financial Times. Individual councils would negotiate with developers as to how long sales would be limited and whether that period would start with the first sales off-plan or after projects are built.
Overseas buyers would not be able to purchase more than 50 per cent of the properties in a new development. A Starmer government would also increase the surcharge on stamp duty — currently at 2 per cent — which overseas buyers have to pay compared with domestic property buyers.
The idea of hitting non-UK residents with higher taxes — either stamp duty or a “penal rate of council tax” — has been looked at by Prime Minister Rishi Sunak’s government, according to one Conservative official. But the proposal was quashed by chancellor Jeremy Hunt last year, amid fears that it would “freeze” the property market and raise little money. The Treasury remains opposed.
Labour’s new proposals are expected to get the go-ahead this summer when the party draws up its final manifesto ahead of a general election expected next year.
The number of homes in England and Wales owned by overseas buyers has already almost tripled in a decade as residents of Asia and various tax havens have flooded into the market, prompting concerns about pricing out locals. A recent analysis by the Centre for Public Data, a non-profit organisation, suggested that the number of residential properties in England and Wales registered to individuals based overseas jumped from under 88,000 in 2010 to about 250,000 in 2021."
FT.com
"Labour to clamp down on foreign buyers of UK properties
Starmer plans rise in stamp duty and restrictions on new-build purchases"
Jim Pickard, George Parker and Joshua Oliver
YESTERDAY
A Labour government would increase the stamp duty paid by foreign buyers of UK property while also restricting the sale of new-build properties to overseas investors under plans being drawn up for the party’s general election manifesto.
Labour party leader Sir Keir Starmer wants to tackle Britain’s property affordability crisis, which has made it increasingly difficult for younger workers to buy their own homes.
Starmer’s policies are set to come under closer scrutiny ahead of a general election next year, with Labour far ahead in the polls and having made substantial gains in Friday’s local elections.
Labour would introduce new rules so that for a certain period — for example, six months — only first-time buyers would be able to buy homes in a new development, Labour officials told the Financial Times. Individual councils would negotiate with developers as to how long sales would be limited and whether that period would start with the first sales off-plan or after projects are built.
Overseas buyers would not be able to purchase more than 50 per cent of the properties in a new development. A Starmer government would also increase the surcharge on stamp duty — currently at 2 per cent — which overseas buyers have to pay compared with domestic property buyers.
The idea of hitting non-UK residents with higher taxes — either stamp duty or a “penal rate of council tax” — has been looked at by Prime Minister Rishi Sunak’s government, according to one Conservative official. But the proposal was quashed by chancellor Jeremy Hunt last year, amid fears that it would “freeze” the property market and raise little money. The Treasury remains opposed.
Labour’s new proposals are expected to get the go-ahead this summer when the party draws up its final manifesto ahead of a general election expected next year.
The number of homes in England and Wales owned by overseas buyers has already almost tripled in a decade as residents of Asia and various tax havens have flooded into the market, prompting concerns about pricing out locals. A recent analysis by the Centre for Public Data, a non-profit organisation, suggested that the number of residential properties in England and Wales registered to individuals based overseas jumped from under 88,000 in 2010 to about 250,000 in 2021."
FT.com
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They'll sort that lot out if they ever take hold of the reins.
D
Deleted member 18243
Yes, I have paid taxes for five decades in the good faith that this will be paid back to me in the form of the state pension - it is my money.
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Only the money that you have paid in, minus the amounts used for necessary expenditure?
Are you sure that is all the pension you want ?
D
Deleted member 18243
Yes; the state pension amount is tiny compared to what I've paid in, and I won't be drawing it for as long as I paid into it. Discounting government profligacy, what mathematics might make you think that my tax contributions might not cover my state pension?
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Inflation for 1. The levels of your earnings and therefore taxation for 2. Versus the anticipated years of pension age
We bought our first house in 1978 for £15250.00
We couldn't afford it.
Because we had two above average salaries, were prepared to go without luxuries and were prepared to sleep on the floor for 6 months, we managed it.
We couldn't afford it.
Because we had two above average salaries, were prepared to go without luxuries and were prepared to sleep on the floor for 6 months, we managed it.
So why are they currently condoning it and paying 1 million pounds quid a year rent to a company who won't pay UK tax on it. Do as I say not as I do
How much has the average house gone up since 1978?
How much have average earnings gone up since 1978?
No idea but whatever the amounts you'd need to factor in historical interest rate trends and adjust accordingly..
Housing for the average buyer has never been affordable without a lot of sacrifices, something younger generations can't seem to do. Perhaps that's why we have people earning £40K being reliant on food banks.
Due to the factors you choose to ignore, housing is much less affordable now than it was when you were young.
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