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MPs debate stamp duty and the housing market, 4 September 1.30pm
Comments
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ouch! mind you it's not helping their economy either!!
May explain why property isn't treated as an investment as such.
French economy failed to change with the times. Whatever you think of Maggie T. France is a stark reminder of what the UK could have been like today. With the Unions wielding enormous power over the lack of competitiveness.0 -
Thrugelmir wrote: »The tax bands are mere proposals aren't they? these are the 2 examples being quoted.
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I thought the £180,000 was definite but not sure - that's what my relative who works in housing was told by an MSP. I'm surprised Better Together haven't spoken more about this, because I would've thought they'd be keen to talk on this extra power being devolved.
Royal Assent will be given to Revenue Scotland this month, and then the thresholds announced during the Draft Budget speech in October.0 -
that's what my relative who works in housing was told by an MSP. I'm surprised Better Together haven't spoken more about this, because I would've thought they'd be keen to talk on this extra power being devolved.
It's a political issue rather than a devolution one. As in the wrong hands could have a real impact on Scottish property market. Apparently the implications for commercial property are already having an impact. Shortly so will new builds. As who is going to a new property that completes after April next year if they don't know what tax they'll be paying. Sounds like games to me. Not the sort of people that should be empowered with running a country.
Or is the aim of the tax to hit areas such as Aberdeen. Where the wealth lies.0 -
I watched the business debate and my reaction:
1) very inefficient use of time
2) very poor performance by the chair
3) not enough people there
4) it wasn't a debate but more a stage for MP's to say their bit
5) MP's were coming and going throughout the 'debate'
6) conservatives were attacking labour and vice versa
7) successive MP's repeated each other
8) the conservative treasury minister evaded questions
9) some people had too much time
10) the traditional code of speaking was annoying and a waste of time via the continuous referral to the right honourable etc...
So it was a waste of time.
This will be left until after the election now unfortunately?Peace.0 -
TickersPlaysPop wrote: »I watched the business debate and my reaction:
1) very inefficient use of time
2) very poor performance by the chair
3) not enough people there
4) it wasn't a debate but more a stage for MP's to say their bit
5) MP's were coming and going throughout the 'debate'
6) conservatives were attacking labour and vice versa
7) successive MP's repeated each other
8) the conservative treasury minister evaded questions
9) some people had too much time
10) the traditional code of speaking was annoying and a waste of time via the continuous referral to the right honourable etc...
So it was a waste of time.
This will be left until after the election now unfortunately?
Politicians lack the skills to handle monetary matters. Should be a mandate to have had a "career" before being allowed to stand for election.0 -
Thrugelmir wrote: »Politicians lack the skills to handle monetary matters. Should be a mandate to have had a "career" before being allowed to stand for election.
We could just all refuse to vote for people who haven't had a proper job and just became a "researcher" for a political party, then put in an 18 month stint as a "special adviser (reprographics)" before being selected as their party's candidate for some constituency at the age of 28. That way they wouldn't get into parliament to represent us on financial and monetary matters, would they?0 -
I think it would be better to abolish the tax on owner occupiers and instead increase it for second homes and buy to lets. It's landlords that are driving prices up particularly at the lower end of the market0
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I think this will fuel property price surge! Go MP's go...Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
Scottish stamp duty to be replaced in 2015 by a proper progressive property transaction tax.
Why does it take the representatives of 5 million people in Scotland to arrive at a sensible tax while Westminster dithers for ever and ever regarding the rest of the UK?0 -
Scottish stamp duty to be replaced in 2015 by a proper progressive property transaction tax.
Why does it take the representatives of 5 million people in Scotland to arrive at a sensible tax while Westminster dithers for ever and ever regarding the rest of the UK?
The system will be revenue neutral. So if there's no stamp duty on properties up to £180k in value. Then there's a sizable tab to be picked up by the bands above.
Interesting that there was no announcement with regards to rates prior to the independence vote.0
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