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Living the Good Life - mortgage free and living in line with our values

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  • themadvix
    themadvix Posts: 9,344 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Photogenic
    greenbee said:
    So another scaremongering article then. Although it does refer to FIT not SEG. 

    TBH unless the energy companies start producing annual export statements aligned with the tax year it's going to be pretty difficult for most of us to work out! It's not as if most people understand their energy bills anyway!
    This, absolutely! 
    I wasn't sure if you'd be OK - I know you have a huge array, but once the heat pump is installed it'll probably be a lot less excess (pity - the hot tub sounded good!).
    Mortgage free 16/06/2023! £132,500 cleared in 11 years, 3 months and 7 days

    'Now is no time to think of what you do not have. Think of what you can do with what there is.' Ernest Hemingway


  • badmemory
    badmemory Posts: 10,198 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    Thanks for all the info.  A whole weight off my mind.  All these scare stories are beginniing to seriously annoy me.
  • edinburgher
    edinburgher Posts: 14,291 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    The suggestion that deemed exports should be going on my tax return is news to me! :# Thankfully as we earn about £500-600 a year in total, I'm not too worried about the small proportion of that which is deemed export, even if they do decide to make an example of me...
  • greenbee
    greenbee Posts: 18,580 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I'm being less stingy with imports already this month - admittedly only when they're under 6p/kWh. But the fact that I'm on Agile means my imports (currently) cost very little. TBH unless suppliers do the maths, the chances are no one will be able to work it out properly. And if there is a requirement to pay tax on earnings I would expect to be able to offset the depreciation on the investment against the income. 
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