Mansion Tax and Raid on Pensions

[booboise blueboys]

Wtf is going on? Might as well have voted for Corbyn.

https://www.telegraph.co.uk/politics/2020/02/08/to...

[garagewidow]

Quelle surprise!

Looks like they are all the same after all,...

Time to bulk buy hi viz jackets!

[wisbech]

Boris won the election with promises to spend lots more money. Needs to be paid for.

[Ridgemont]

booboise blueboys said:

Wtf is going on? Might as well have voted for Corbyn.

https://www.telegraph.co.uk/politics/2020/02/08/to...

Wow. Did you actually vote for Boris then?

[Stay in Bed Instead]

wisbech said:

Boris won the election with promises to spend lots more money. Needs to be paid for.

And it's going to be interesting as he promised not to increase NI, income tax or VAT.

So as they did after the 2010 election when they made the same promise if I recall correctly, we will see a whole raft of sideline tax increases and inventing of new taxes.

We already have the highest tax burden for 50 odd years and that is set to increase.

[wisbech]

Stay in Bed Instead said:

And it's going to be interesting as he promised not to increase NI, income tax or VAT.

So as they did after the 2010 election when they made the same promise if I recall correctly, we will see a whole raft of sideline tax increases and inventing of new taxes.

We already have the highest tax burden for 50 odd years and that is set to increase.

Yep. Mansion tax is a new tax, changing rules on pension tax relief isn’t increasing income tax... so no breaking of promises.

[Stay in Bed Instead]

wisbech said:

Yep. Mansion tax is a new tax, changing rules on pension tax relief isn’t increasing income tax... so no breaking of promises.

That's debatable.

It's increasing the tax payable by higher rate tax payers.

It's underhand but what I would expect of the liar Johnson.

[OzzyR1]

It's not clear to me from that article, what this "mansion tax" actually is or might be.

I acknowledge this may ruffle some feathers on this forum, but I would happily get behind a council tax increase of 10x the normal rate in the area for second homes that sit empty for most of the year.

Many areas of Devon & Cornwall in particular have been shafted by people buying places they only visit on occasion, driving prices up and making it impossible for locals whose families have lived there for generations to buy a place for themselves.

A council tax bill of £10K+/year might make some folks rethink.

[anonymous-user]

As if my pension wasn't wrecked enough by Brown/Blair I will now have bozo pinch the little that is left, he is a fking wker!!!

[Benbay001]

gottans said:

As if my pension wasn't wrecked enough by Brown/Blair I will now have bozo pinch the little that is left, he is a fking wker!!!

How that then? A cut in pension tax relief wouldnt affect what was already in there.

Telegraph said:

has been weighing up

Telegraph said:

are also being considered

Come on guys! Wait and see what actually gets announced rather than getting fired up over some click bait journalism.

[anonymous-user]

It makes harder to try and repair the damage done by Brown/Blair.

[borcy]

Probably a leak to test the waters. Although I'm not surprised in the slightest, there's lots of spending promises made. All that needs to be paid for.
Doesn't say at what level all this tax might be taken.

[JagLover]

Pension tax relief is always under review as there is always a balance to be struck between encouraging sensible provision for old age and the amount of tax lost to something which can often become just another means of tax planning.

Best to see the actual concrete proposals and then pass judgement.

[bitchstewie]

Doesn't seem like this should be a huge surprise.

Lots of promises of things that need to be paid for an a huge vote "lent" to Boris by people in poorer constituencies who will want to see him doing something that helps people like them with someone else footing the bill.

[mike9009]

Why are my taxes paying for people in the North? I think we should leave the North and call it Sexit....

[Sophisticated Sarah]

Any ideas on what they class as expensive homes?

[Wilmslowboy]

mike9009 said:

Why are my taxes paying for people in the North? I think we should leave the North and call it Sexit....

So you claim to live in a country with good music, great football teams and half decent performance in the Olympics.

[Thankyou4calling]

There’s not going to be a “Mansion tax”

We all know that.

It gets people all flustered but it’s not going to happen.

Move on.

[Macron]

fesuvious said:

Property over £1.5m is proving difficult to shift already, andd over £2m exceptionally difficult.

Average wage £26k.

Can you imagine the outcry for the poor little multimillionaires having difficulty selling their houses?! Something must be done!

[Piha]

After a decade of tory financial mismanagement is it any surprise that the current tory government would introduce money generating measures to fund it's empty promises.

Anyone that voted for this shambolic lying government has given them the green light to do whatever they choose.