Current property owner and first time buyer - help to buy conflict

studentguy

marliepanda wrote: »

Someone died. The brother did not work hard!

But but Goldcrypto keeps saying how his brother works really hard and manages to invest his money in property... he's worked really hard to pay the mortgage every month, what with the rental income only being a few times the mortgage amount every month. He's working really hard making loads of sacrifices don't ya know! We shouldn't tax him

TamsinC

so much 'whataboutism' . . . .

marliepanda

studentguy wrote: »

But but Goldcrypto keeps saying how "his brother" works really hard and manages to invest his money in property... he's worked really hard to pay the mortgage every month, what with the rental income only being a few times the mortgage amount every month. He's working really hard making loads of sacrifices don't ya know! We shouldn't tax him

Fixed that :P

Goldcrypto

Soundgirlrocks wrote: »

I'm just smiling thinking of all that lovely capital gains the Brother will have to pay when he eventually sells that wonderful London investment.:rotfl:

This is really why a lot of people here seem to be commenting with things they do not understand.

There are such things as 'private residency relief' for your main residence property before selling. By having lived there for x period of time before a sale.

https://www.gov.uk/tax-sell-home

As for those with general capital gains that is a good thing. People who have invested and turned fruitful returns having to pay the current rates are justified. Is a win win situation for the economy and property owner.

Pixie5740

Goldcrypto wrote: »

This is really why a lot of people here seem to be commenting with things they do not understand.

There are such things as 'private residency relief' for your main residence property before selling. By having lived there for x period of time before a sale.

https://www.gov.uk/tax-sell-home

Not quite. Living in the property for x time doesn't remove all CGT liability. It might help reduce it but the liability will still be there.

Goldcrypto wrote: »

As for those with general capital gains that is a good thing. People who have invested and turned fruitful returns having to pay the current rates are justified. Is a win win situation for the economy and property owner.

Indeed. People only pay CGT when they've made a tidy Capital Gain. To try and avoid it by not making a capital gain is like not wanting to go out to work because your income will be taxed.

Goldcrypto

marliepanda wrote: »

Someone died. The brother did not work hard!

So clueless. You do realise not all properties are equal value? Some properties in the UK are fraction of the value to London. Or do you know the financial breakdown of how many people may have been on a deed to another property? No money used to invest in property by my brother was given to him. Only his savings were used.

studentguy wrote: »

But but Goldcrypto keeps saying how his brother works really hard and manages to invest his money in property... he's worked really hard to pay the mortgage every month, what with the rental income only being a few times the mortgage amount every month. He's working really hard

Another clueless post here. You do not think there can be large property projects at times like if someone chose to renovate to increase the value of the property? You think people only choose to pay of the minimum mortgage and not try and overpay to reduce the time frame of a mortgage? Oh wait, oh silly of me, despite you not even been a property investor you're not even a homeowner. Explains it. Pointless.....

marliepanda

Goldcrypto wrote: »

So clueless. You do realise not all properties are equal value? Some properties in the UK are fraction of the value to London. Or do you know the financial breakdown of how many people may have been on a deed to another property? No money used to invest in property by my brother was given to him. Only his savings were used.

Do you know your brothers last bowel movement as well? What he had for breakfast this morning?

Goldcrypto

marliepanda wrote: »

Do you know your brothers last bowel movement as well? What he had for breakfast this morning?

Which one? I have 2 brothers and 1 sister. Would that form part of some property investment advice if I did?

mangog

I'll be honest, I didn't read much further than page 2, but "average Joe's just looking to work hard and have one property investment along with their residential" is the funniest thing I've read in a while!

studentguy

Goldcrypto wrote: »

Or at all interested...I am interested in solutions. Or any of the other unrelated nonsense. A person that has already demonstrated his own knowledge of real estate economics and investment - one best to avoid. Not interested in your other pointless posts here as not constructive for me to even reply.

You seemed interested enough to make assumptions about me. Also I have knowledge of "real estate" as you like to call it, economics and investment, I just believe in paying your fair share in taxes, funny that.

I will not bet 'getting' anyone to do anything. They will be making their own investment decisions. No the fact is they are doing nothing wrong and is likely they will be buying in the conventional manner together. However, asking a question helps people explore their options.

So why argue?

I'd suggest not adding anything else as there is nothing of value to this thread from you. Spend your time work related and get saving.

For someone who has no interest in my life, telling me to work and get saving is a bit odd, it's also incredibly patronising. I know how to work and save thanks, that's how I'm in the process of buying a house.

Goldcrypto wrote: »

So clueless. You do realise not all properties are equal value? Some properties in the UK are fraction of the value to London. Or do you know the financial breakdown of how many people may have been on a deed to another property? No money used to invest in property by my brother was given to him. Only his savings were used

And?

Another clueless post here. You do not think there can be large property projects at times like if someone chose to renovate to increase the value of the property? You think people only choose to pay of the minimum mortgage and not try and overpay to reduce the time frame of a mortgage? Oh wait, oh silly of me, despite you not even been a property investor you're not even a homeowner. Explains it. Pointless.....

I'll be a homeowner by the end of the month...? Yes I'm well aware about overpaying mortgages thanks.

I don't know why you're here, you just want to argue with people who don't follow your philosophy or trying to con the taxpayer. You should probably leave, people here don't take kindly to tax avoidance.