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Land / property tax is coming for sure 18:06 - Jul 3 with 663 viewsReslovenSwan1

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UK is a fabulously rich nation but the working class and Government itself have no money and cannot balance the books. Many pensioners who are cash poor invested all their cash in property and that will not be released until both pass on via transaction taxes.

The taxpayer bailed out the bankers in 2008 and after the bailout by working people the banking crooks spent their crazy bonuses in the London property boom .

This led to Milliband jnr proposing a mansion tax. Votes rejected this sensible idea and Milliband was vilified.

In my opinion the inflated property prices is sponsored by the UK government with quantitative easing cheap credit and help for buyers. It is therefore entirely reasonable if the Government takes some money back off property speculators who have been protected and feeding off general tax payer.

If you do not shake the tree you get no apples.
The biggest winners were of course in London and the south east . The concept of the millionaire cheeky chappy taxi driver who bought his council house at a discount in the 1980s before globalisation saw speculators move in.

I want to see a Government willing to cut benefits reduce the public sector and bring back balancing the books. George Osborne started but that was all forgotten with Brexit then Covid.

Ttohe Government will scrap Stamp duty and have an annual charge. UK wealth is tied up in bricks and mortar and we borrowed another £27 billion last month under weak Reeves who is not tough enough . I would like to see a national belt tighten starting at the top. King Charles to return his £45m pay rise in 2025 taken off workers electric bills for offshore wind profits.. This was obscene.



[Post edited 3 Jul 18:13]

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Land / property tax is coming for sure on 18:21 - Jul 3 with 604 viewsWhiterockin

Land Tax Vs Council Tax by Dr_Winston 25 Jun 21:34
Much debate at the minute about Andy Burnham's proposed replacement of CT and stamp duty with a land value tax of around 0.48%.

I will admit that despite being "on the right" and predisposed to dislike taxation in principle there's some interesting stuff here. I'll confess that its introduction would more than halve my own annual liability.

The problem I still have with it is the assumption that people in valuable houses are automatically wealthy, which the explosion in property values in the last decade or so makes far from certain. It's entirely likely that some pensioner in a city like Bristol who bought their house 50 years ago will face a tax bill that they simply can't afford.

It's a shame that the Conservatives so badly bodged the introduction of the Poll Tax, as a series of charges based around actual use of local services would be much fairer. A single person in a house valued at £500k would generally be a far smaller drain on council resources than a family of five in a house worth half that.

Even now the fact that I only pay 25% less council tax than the family of four next door is a bit of an insult.



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[Post edited 3 Jul 19:14]
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