Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

BTL, vile lowlife business, nobody wants to be living under their roofs

1…2425272930…61

Comments

  • diable
    diable Posts: 5,258 Forumite
    ninky wrote: »
    i look at btl in the same way as benefit claiming. in an ideal world it wouldn't exist but it isn't an ideal world. individuals will milk a system if the system allows it. checks and balances need to be brought into play to make sure selfishness does the minimum amount of damage.

    i'd like to see rent caps by postcode / floor space. also minimum carbon efficiencies for properties that are rented out on the private market, not just corby (or whatever it is called now) checks. i'd also like to see tax on property for profit ownership not just on income generated from it.
    I say bring back poll tax or at least a rateable system on property and impose a maximum amount of benefit to be paid for housing benefit, say £100 pw .......... that should reduce rents ............
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    ninky wrote: »
    i'd also like to see tax on property for profit ownership not just on income generated from it.

    Aren't you just talking about CGT?
  • ninky_2
    ninky_2 Posts: 5,872 Forumite
    Cleaver wrote: »
    Aren't you just talking about CGT?

    no. that is only payable when you sell the property.
    Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    ninky wrote: »
    no. that is only payable when you sell the property.

    So what are you talking about then? A yearly fee based on any perceived gain in value of the property? Sorry, I'm just a bit unclear about what you mean.
  • chucknorris
    chucknorris Posts: 10,793 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Cleaver wrote: »
    So what are you talking about then? A yearly fee based on any perceived gain in value of the property? Sorry, I'm just a bit unclear about what you mean.

    I think they have this in Spain about 1-2% of the value of the property as an annual tax
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    chucknorris wrote: »
    I think they have this in Spain about 1-2% of the value of the property as an annual tax

    Ahh, okay. Fair enough.
  • Accountant_Kerry
    Accountant_Kerry Posts: 630 Forumite
    Part of the Furniture 500 Posts Name Dropper
    This thread has become hilarious, just a slanging match really.

    Lots of bitter people it seems. Merry Xmas to all with a BTL and all without!
    Aug 24 - Mortgage Balance £242,040.19
    Credit Card - £8,141.63 + £4,209.83
    Goals: Mortgage Free by 2035, Give up full time work once Mortgage Free, Ensure I have a pension income of £20k per year from 2035

  • ninky_2
    ninky_2 Posts: 5,872 Forumite
    Cleaver wrote: »
    So what are you talking about then? A yearly fee based on any perceived gain in value of the property? Sorry, I'm just a bit unclear about what you mean.

    a yearly fee based on the current value of the property. happens in other countries.
    Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron
  • chucknorris
    chucknorris Posts: 10,793 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    ninky wrote: »
    a yearly fee based on the current value of the property. happens in other countries.

    Could we also have some volcanos, other countries have them too?
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • A._Badger
    A._Badger Posts: 5,881 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    ninky wrote: »
    a yearly fee based on the current value of the property. happens in other countries.

    Yes, more taxes - that's always the answer!
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.5K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture