2021 Budget Predictions
Discussion
Biggy Stardust said:
Scootersp said:
Biggy Stardust said:
The other side to what he was saying earlier is that if the hypothetical renter actually bought the house then he's denying the landlord any capital gain, so it's as broad as it's long. The argument is based on jealousy wrapped up in a veneer of social 'fairness'.
A veneer of social fairness? It's too late now but I do think that some form or legislation to limit this business would have been of benefit overall.If buy to let had been restricted then the more wealthy couldn't have put as much of their money into it and so the only ones left to buy would have been the less wealthy and so prices would have been suppressed. My argument would be that an affordable place to live gives stability and the excess capital of others would be put to other more creative uses/investments, more risky yes perhaps but if you didn't like that you could just save it or spend it.
Then a persons home would be more affordable, and then not increased at such a rate above wages which makes it ever harder for the ones that follow.
If it makes me lefty so be it, but I think you can be lefty about certain issues without hating rich people or the capitalist system. I don't blame people for doing it (I have friends that have) as it's performed better than most other routes and at a reasonably low risk, I just believe had there been some form or restriction it would have been better for the country as a whole.
Are you aware of the new rules & regulations pretty much every week, from special taxation to banning eviction?
Are you aware that if the government didn't raise tax from BTL then it would have to tax 'proper' people a bit more?
Are you aware that this still sounds like jealousy in the veneer of social 'fairness'?
ant1973 said:
DeejRC said:
Yes Ant. Cos he wants/needs the money being spent! I thought we all understood this?
How about incentivising people to take on employees? I get that investing in capital drives productivity but I would have thought that a direct employment subsidy may have been useful as well. Murph7355 said:
purplepenguin said:
Similar to furlough?
Probably more like in work benefits 
purplepenguin said:
ant1973 said:
DeejRC said:
Yes Ant. Cos he wants/needs the money being spent! I thought we all understood this?
How about incentivising people to take on employees? I get that investing in capital drives productivity but I would have thought that a direct employment subsidy may have been useful as well. Alucidnation said:
What the actual f
king point is Kier trying to prove exactly?
He just came across as an utter prick, throwing insults and coming out with fluffy soundbite bits and pieces. Nothing of substance to attack this budget on (it's decent given the circumstances) so all he could do was try to make himself sound clever and superior. He failed!king point is Kier trying to prove exactly?Impressed with Sunak. Treading a delicate line. Increases where huge profits are made, rewarding investment. Not entering panic mode.
Disgusted with Starmer waffling about NHS with their rock solid package already in the face of countless people losing everything. Instagram? Shut up. Clown.
Disgusted with Starmer waffling about NHS with their rock solid package already in the face of countless people losing everything. Instagram? Shut up. Clown.
So corporation tax goes to 25 percent, from 19.
How does that fit in with us PAYE folk paying 40% once we get to 50 grand or so, and 20 percent past the personal allowance ? Plus NI ?
I get the impression that costs will just be passed on but it doesn't seem that unfair based on what salaried folk have to pay unless i am missing something ?
Plus, obviously, the accountants will be working overtime to reduce it for their clients, if you claim that its hit you for five figures then you are still doing alright and were really doing all right before.
With the Furlough payments based on declared income, its almost like the govt are having a proper go at those who are self employed and perhaps playing a bit fast and loose with the old tax stuff.
I think Rishi is doing a decent job, I think the mark of his stewardship would be if he could coerce some of the local takeaways to maybe accept cards as their reluctance seems to be mainly based on tax evasion.
How does that fit in with us PAYE folk paying 40% once we get to 50 grand or so, and 20 percent past the personal allowance ? Plus NI ?
I get the impression that costs will just be passed on but it doesn't seem that unfair based on what salaried folk have to pay unless i am missing something ?
Plus, obviously, the accountants will be working overtime to reduce it for their clients, if you claim that its hit you for five figures then you are still doing alright and were really doing all right before.
With the Furlough payments based on declared income, its almost like the govt are having a proper go at those who are self employed and perhaps playing a bit fast and loose with the old tax stuff.
I think Rishi is doing a decent job, I think the mark of his stewardship would be if he could coerce some of the local takeaways to maybe accept cards as their reluctance seems to be mainly based on tax evasion.
J4CKO said:
With the Furlough payments based on declared income, its almost like the govt are having a proper go at those who are self employed and perhaps playing a bit fast and loose with the old tax stuff.
Perhaps I should have played fast and loose in the past as my sole trader profits put me outside of the support for the self employed.There's not that much difference between PAYE and someone working through a Ltd company. You pay corporation tax, potentially some PAYE related taxes and then tax on dividend. The main saving is Employers NI. No paid holidays / sick leave.
Edited by Chris Type R on Wednesday 3rd March 21:17
NRS said:
Biggy Stardust said:
Are you aware of the new rules & regulations pretty much every week, from special taxation to banning eviction?
Are you aware that if the government didn't raise tax from BTL then it would have to tax 'proper' people a bit more?
Are you aware that this still sounds like jealousy in the veneer of social 'fairness'?
Biggy I'll try and put it another way.....
1) I'm sure you agree with all the advice/adages of paying for you own house/mortgage and not someone else's via renting?
2) I think prices have risen as a result of the buy to let increase
3) So when you have a buy to let you've contributed to making it harder for someone else to make their point 1) come true.
So a buy to letter is in a small individual (but large collective) way a hinderance to others who want to do the same, and shelter is a basic human need, hence why I think it should have been restrained.
Are you aware I'm not saying it's not a business
Are you aware I'm not saying you're wrong for doing it,
Are you aware I'm not actually Jealous,
Are you aware I just believe that overall it's not been a benefit.
ant1973 said:
DeejRC said:
Yes Ant. Cos he wants/needs the money being spent! I thought we all understood this?
How about incentivising people to take on employees? I get that investing in capital drives productivity but I would have thought that a direct employment subsidy may have been useful as well. Scootersp said:
Thanks,
Biggy I'll try and put it another way.....
1) I'm sure you agree with all the advice/adages of paying for you own house/mortgage and not someone else's via renting?
2) I think prices have risen as a result of the buy to let increase
3) So when you have a buy to let you've contributed to making it harder for someone else to make their point 1) come true.
So a buy to letter is in a small individual (but large collective) way a hinderance to others who want to do the same, and shelter is a basic human need, hence why I think it should have been restrained.
Are you aware I'm not saying it's not a business
Are you aware I'm not saying you're wrong for doing it,
Are you aware I'm not actually Jealous,
Are you aware I just believe that overall it's not been a benefit.
Triggered?Biggy I'll try and put it another way.....
1) I'm sure you agree with all the advice/adages of paying for you own house/mortgage and not someone else's via renting?
2) I think prices have risen as a result of the buy to let increase
3) So when you have a buy to let you've contributed to making it harder for someone else to make their point 1) come true.
So a buy to letter is in a small individual (but large collective) way a hinderance to others who want to do the same, and shelter is a basic human need, hence why I think it should have been restrained.
Are you aware I'm not saying it's not a business
Are you aware I'm not saying you're wrong for doing it,
Are you aware I'm not actually Jealous,
Are you aware I just believe that overall it's not been a benefit.
(btw- It's Mr. Stardust to you)
Gecko1978 said:
RichB said:
TTmonkey said:
It just reminds me how juvenile I can be that I smiled when I saw this...
What am I missing? 
Didn't realise he was going for small businesses either.
Chris Type R said:
J4CKO said:
With the Furlough payments based on declared income, its almost like the govt are having a proper go at those who are self employed and perhaps playing a bit fast and loose with the old tax stuff.
Perhaps I should have played fast and loose in the past as my sole trader profits put me outside of the support for the self employed.There's not that much difference between PAYE and someone working through a Ltd company. You pay corporation tax, potentially some PAYE related taxes and then tax on dividend. The main saving is Employers NI. No paid holidays / sick leave.
Edited by Chris Type R on Wednesday 3rd March 21:17
RichB said:
Gecko1978 said:
RichB said:
TTmonkey said:
It just reminds me how juvenile I can be that I smiled when I saw this...
What am I missing? Didn't realise he was going for small businesses either.
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