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.
We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Dirty money

2

Comments

  • CLAPTON wrote: »
    rubbish

    .....................

    Exactly, 2 weeks before exchange just put all the money into a single account. Hardly rocket science!
    Thinking critically since 1996....
  • cepheus
    cepheus Posts: 20,053 Forumite
    Appalling hypocrisy
    Cameron’s concern is strangely tardy. Some have been screaming about “buy-to-leave” for years. They have been protesting against ludicrously low property taxes and the permitting of towers blatantly aimed at foreign money littering the Thames bank, towers that will stand as lasting totems of the Cameron era. Indulging money-laundering property purchase – coded as “inward investment” – has been government policy under the chancellor, George Osborne, and the London mayor, Boris Johnson.

    http://www.theguardian.com/commentisfree/2015/jul/28/cameron-corruption-britain-transparency-property?CMP=share_btn_tw
  • System
    System Posts: 178,224 Community Admin
    10,000 Posts Photogenic Name Dropper
    stator wrote: »
    There are so many stupid hoops to jump through for a normal single citizen


    What's being single got to do with it? Don't MLR apply to couples too?
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Mistermeaner
    Mistermeaner Posts: 2,988 Forumite
    Tenth Anniversary 1,000 Posts
    They'll be buying garages next
    Left is never right but I always am.
  • chewmylegoff
    chewmylegoff Posts: 11,466 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Generali wrote: »
    Surely you didn't sleep through all of those post-lunch compliance talks about money laundering purch? If you suspect someone of trying to launder money you have to report them to your AML Officer otherwise you have committed a crime with a maximum penalty of an unlimited fine and up to 14 years in Sing Sing.

    You have to actually be involved in laundering the money to get 14 years - failing to report if you work in a relevant business is only 5 years I think.
  • padington
    padington Posts: 3,121 Forumite
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • stator
    stator Posts: 7,441 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    What's being single got to do with it? Don't MLR apply to couples too?
    Single person as in, not a company
    Changing the world, one sarcastic comment at a time.
  • antrobus
    antrobus Posts: 17,386 Forumite
    You have to actually be involved in laundering the money to get 14 years - failing to report if you work in a relevant business is only 5 years I think.

    Let me double check that.

    S 334 POCA
    http://www.legislation.gov.uk/ukpga/2002/29/section/334

    Yes, looks like failure to disclose is five years max. Same with 'tipping off'.
  • Mistermeaner
    Mistermeaner Posts: 2,988 Forumite
    Tenth Anniversary 1,000 Posts
    Which is worse: money laundering / tax evasion / benefit fraud / putting money in your pension to be eligible for benefits?
    Left is never right but I always am.
  • cepheus
    cepheus Posts: 20,053 Forumite
    2 final paras of Simon Jenkins' article on breathtaking hypocrisy of David Cameron are actually brillant http://gu.com/p/4b3an/stw
    As for London property, the promised transparency may yield a fund of wisdom, but it will not stop the sales. That requires a determined programme of regulation. If rural councils can restrict house sales to local people, so can London. If other cities can curb foreign buying-to-leave, so can London. If New York co-ops can restrict ownership to occupiers or renters, so can London. A London property left unused for a year should simply be sold or let. And it should be properly taxed. This is not about being left or right. It is about a civilised city proofed against corruption.

    All such measures were available to Cameron five years ago. He did nothing. They are still available. I suspect he will do nothing but make another speech.
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
  • 348.2K Banking & Borrowing
  • 252.1K Reduce Debt & Boost Income
  • 452.3K Spending & Discounts
  • 240.8K Work, Benefits & Business
  • 617K Mortgages, Homes & Bills
  • 175.6K Life & Family
  • 254K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support 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.