No w we have no government, what about taxes..

[Hedders]

I figure i can ignore this tax reminder, no?

[fadeaway]

Yip.

And speed limits are also unenforceable*.





* erm, this might not be entirely true

[Spiritual_Beggar]

fadeaway said:

Yip.

And speed limits are also unenforceable*.





* erm, this might not be entirely true

There's only one way to find out

[Westy Pre-Lit]

http://www.youtube.com/watch?v=JQkActP-isE

[hidetheelephants]

Winky's going, but will be replaced by Balls, or some other smiling waste of skin.

[Jasandjules]

Hedders said:

I figure i can ignore this tax reminder, no?

There's good news and bad news.

Good news, Winky is going out the door.

Bad News, the Revenue carry on with business as usual...

[Oily Nails]

Oily Nails goes out to the garden with all his cash valuables in a airtight container....



comes back and goes to the drinks cabinet..."and they ain't gettin their paws on these"

[hidetheelephants]

musclecarmad said:

It is also VERY likely CGT will rise as it's too big a loophole. Why pay 50% income tax when you can pay just 18% if its a capital gain not an income. This will fk house prices in the bottom. If you bought a £100k house and it goes to £300k you have made £200k. However, imagine if you had to give £100,000 of that to mr taxman. that means you only get £200k for your £300k house. This will not be good for people who have remortgaged to buy more properties. Your main home is currently CGT free though, you get an annual allowance and I think they will just increase CGT to say 30% but cut the annual allowance. This will be a fairly big hitting measure.

But this only affects BTL/multiple house owning types; and if CGT does get hiked, people will hang on for grim death unless foreclosure makes it happen for them(or attempt to circumvent by making the sale house their 'dwelling'and hope HMRC don't come looking). All it means is more of the same, supply squeeze and artificially high prices.