Autumn Statement 2015
Discussion
It would be interesting if he came out with:-
"Well in the summer I offered up the £4.4billion in Welfare cute you have rejected them as such given all departments are stretched to the limit then we are increasing income tax & VAT, sadly this isn't what you want to hear but you have closed down the alternate options. We physically cannot tax the bankers as their whole salaries do not even breach £1billion and we already take 57% away from them".
Or we are removing tax free threshold to £0 to show that we are all in it together.
"Well in the summer I offered up the £4.4billion in Welfare cute you have rejected them as such given all departments are stretched to the limit then we are increasing income tax & VAT, sadly this isn't what you want to hear but you have closed down the alternate options. We physically cannot tax the bankers as their whole salaries do not even breach £1billion and we already take 57% away from them".
Or we are removing tax free threshold to £0 to show that we are all in it together.
BoRED S2upid said:
Welshbeef said:
Economically it's not the smartest move - your instantly creating inflation in the economy and also taking spending money away from the poorest. Fuel duty hits the poorest the most the higher earners it's meh really
That all depends if increased fuel duty adds much to bus fares. I doubt the poor will be hit that hard because of it. Dave_ST220 said:
Eric Mc said:
We are seeing the beginning of the end of the Self Assessment tax return.
What would take its place?Tax at source for sale of capital assets hmm.
Drastically less work for accountants
Smollet said:
Welshbeef said:
Pensions now.
New single tier up to £155.65 per week or £8,093.80 per year
Provided you've pain into it long enough. It should be based on how long you've paid or how much you've paid in. I'm in the situation where I paid a lot in but not for enough years so I won't even qualify for that figure. I'll get about £112 pw. New single tier up to £155.65 per week or £8,093.80 per year
Justayellowbadge said:
Welshbeef said:
Or buy a house as your principle residence and let out your old house then repeat thus only ever paying residential stamp duty
Nope, it's on 'additional' properties, including holiday homes. If you own one already, it applies.
. Bluebarge said:
Welshbeef said:
If you own one already it doesn't apply they don't retrospectively tax you stamp duty on houses you have bought in the past only future purchases post 1/4/16.
But it will affect the sale price/appetite for buying. A surprisingly Socialist policy for the Conservatives which will affect pension pots (again).audidoody said:
Welshbeef said:
Only for new ones bought and only from April 2016 onwards so buy more now to save £15k+++
Am I missing something here?Buy a property as a main residence paying normal stamp duty. Live in if for six months. Rent out existing property. Move back in six months later renting out the second pad.
Actually that's a real f
ker so you say buy 2/3 bed houses as buy to let but then go for a 6 bed £2m pad then that pad gets stung with an additional 3% stamp duty hit. Justayellowbadge said:
I can only assume there will be some sort or PPR exemption.
It would otherwise be absurdly punitive for someone with one 200k flat they let, moving from a 3mil to 3.5mil family home, say.
But the book is out already and so far no one here or elsewhere has picked up on exceptions of PPR if so its a fIt would otherwise be absurdly punitive for someone with one 200k flat they let, moving from a 3mil to 3.5mil family home, say.
ker for sure. Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff