deept:


Lol.

If they do this, stamp duty o ti lo, extra stamina duty on second home o ti lo, landlord tax- those ones you pay at the council o ti lo, income tax on rent o ti lo. Do you know how the billions of pounds as tax revenue we will lose?

I don't understand the correlation. How will the above measures impact tax revenue?

Cyberknight:


Stamp duty receipts will be replaced by less outgoings in the form of housing benefits, extra stamp duty on second homes receipts will be replaced by less outgoings in the form of housing benefits and tax on savings interest as erstwhile landlords save their capital in savings accounts or gilts, likewise for income tax on rent.

It's true that a huge chunk of the UK's economy is simply based on people selling houses to one another, with no real productive aspects, but that has huge societal downsides.

I want to say I love you right now, but do we have people who can make the hard decisions?

Zahra29:


I don't understand the correlation. How will the above measures impact tax revenue?

Cyberknight explained my thoughts: It's true that a huge chunk of the UK's economy is simply based on people selling houses to one another, with no real productive aspects, but that has huge societal downsides.

A lot of things need reform, if I buy a second home for BTL, I pay taxes compared to a FTB who might not have to pay anything. The status quo drives up house prices and as houses are been bought and sold govt makes money.

deept:


Well that's the reality for business. They are not charities and if the business environment does not favour them, they move, more people lose their jobs, no more tax revenues, towns go into decline, etc.

I am not anti-tax, I am pro reasonable and well thought out taxation. There is always a disadvantage or opportunity costs( effects of which are not always measurable) to these things. It might look like a win for govt revenues in the short term but it might hurt long term. [b]A lot of these taxes don't even hurt the rich people you so much want to get money from, it's the working people it affects the mos[/b]t.

This is the current situation . The wealth tax and inheritance tax is designed to right the scales.

deept:


Cyberknight explained my thoughts: It's true that a huge chunk of the UK's economy is simply based on people selling houses to one another, with no real productive aspects, but that has huge societal downsides.

A lot of things need reform, if I buy a second home for BTL, I pay taxes compared to a FTB who might not have to pay anything. The status quo drives up house prices and as houses are been bought and sold govt makes money.

The tax in my post applies to non UK residents, for example a Chinese national living in China or the US who wants to buy up property in London should be subject to additional taxes compared to a UK resident. Some countries do this, some others ban foreigners from being able to buy property when the demand outstrips supply and causes a housing crisis, as is happening in some parts of the UK.

It's got nothing to do with UK BTL landlords.

Cyberknight:


Good gracious. A very Damascene conversion.

In her defence, she has now seen the light.

But while she's right about the effects of the UK's unbridled housing market, I don't think taxing second homes (BTLs) is the way to go. A combination of demand-dampening approaches, including unloosening planning rules to make building [social] homes on brownfield easier, banning non-residents from buying property (No government of any stripe has proposed that, because it works in their favour, with all their offshore registered investment vehicles and so forth), building more social homes and keeping them in public ownership, etc. would work better.

Second homes and Buy-to-let are not the same though. I don't like any of them in this housing crisis

ReesheesuKnack:


Last time I checked, I pay lesser in taxes than my Director who earns higher.
Last time I checked, I paid lesser taxes for my Ltd company, compared to the millions Nadhim Zehawi paid for his company.
Last time I checked, you, missjekyll pays lesser tax than your very senior colleague who earns more than you.
I am sure that Gary Lineaker pays more taxes than Micah Richards because Gary earns more. Isn’t that the definition of small selfish fetching small firewood?

Zahawi was forced to pay his taxes. Isn't that why he was thrown out of government. You and I are dutifully paying taxes but the wealthy are not. That's what I m against.

Paying taxes won't make them poor. We pay taxes and we are not poor, are we?

@missjekyll, have you seen the Green party's manifesto? They sound like the perfect party for you. Pity most of their policies are not rooted in any form of reality.

https://x.com/PolitlcsUK/status/1800846250998157657

Never mind a magic money tree, they would need a magic forest 🪄

deept:


It's to pander to the 'tax the rich' liberal crowd. Borne out of a sense of entitlement and jealousy.

Is it though? You and I are paying appropriate tax but somebody in the same country is paying less while using public services.

What would happen if you and I decided to evade taxes too? How do we fund public services then?
Who is entitled here? The oshofree or the citizen paying appropriate taxes.

Zahra29:
@missjekyll, have you seen the Green party's manifesto? They sound like the perfect party for you. Pity most of their policies are not rooted in any form of reality.

https://x.com/PolitlcsUK/status/1800846250998157657

Never mind a magic money tree, they would need a magic forest 🪄

They ve moved to the left with the Lib dems. I m happy with that. Labour has moved to the centre. Far from Democratic socialism. Sad

ReesheesuKnack:


That’s the reason why the incoming Labour government should build more houses. 🏘️ Build. More. Instead of demonising people who buy 2nd houses to rent out, the govt should build more houses. The demand for rented accommodation will fall. The millennials and GenZ will not have to rent.
But no. The solution is to make make profit, and riches a taboo word.

Over 2,000,000 people are on Long term sickness. The solution is not how to encourage (read: mandate/force) them into work. The solution is to tax people more. What type of sense is that?

How do you get somebody on the waiting list for a knee replacement into work? Untreated anxiety ? Depression?

Until they are treated, it's wishful thinking

missjekyll:


They ve moved to the left with the Lib dems. I m happy with that. Labour has moved to the centre. Far from Democratic socialism. Sad

Erm no, they've moved out of Planet Earth and into some magical land of fairies.

Reminds me of sixth-form student politics. No one's going to take them seriously.
(Although I'm sure they're very nice people).

Zahra29:


The tax in my post applies to non UK residents, for example a Chinese national living in China or the US who wants to buy up property in London should be subject to additional taxes compared to a UK resident. Some countries do this, some others ban foreigners from being able to buy property when the demand outstrips supply and causes a housing crisis, as is happening in some parts of the UK.

It's got nothing to do with UK BTL landlords.

If they are not careful Chinese will buys all their houses.

Chinko people have been able to manipulate the housing and many other sector of their economy.

missjekyll:


Zahawi was forced to pay his taxes. Isn't that why he was thrown out of government. You and I are dutifully paying taxes but the wealthy are not. That's what I m against.

Paying taxes won't make them poor. We pay taxes and we are not poor, are we?

Exactly my point. My decision to select Zahawi as an example was very deliberate.

But what you are implying by this is slightly different. There is a difference between tax evasion and tax avoidance. One is a crime, the other is not. I guess what you want is a strengthening of the tax laws to close the loop holes, not necessarily ‘tax the hell out of rich people’ or tax the rich people to stupor, simply because a GenZ or millennial next door hasn’t got their own home.

In this debate, I kinda agree with most of the points that atiku guy put forward, even if I disagree very slightly with his approach.

ReesheesuKnack:


I honestly think it’s all about making an application and seeing how it goes. The worst answer you can receive is a rejection.
This country likes evidence. Submit your payslips. Submit any other relevant documents that shows you work in the Heath & care sector. You probably have an ID card. Or some email communication or something.

Remember, you don’t ask; you don’t get.

Is it possible to have the refund send to a different account other than the one used to make payment initially?

Lefty500:


Is it possible to have the refund send to a different account other than the one used to make payment initially?

No, it will only be sent to the original account.

No problemo. I m quite enjoying all the debates here. Learnt quite a few new things.

ReesheesuKnack:


Exactly my point. My decision to select Zahawi as an example was very deliberate.

But what you are implying by this is slightly different. There is a difference between tax evasion and tax avoidance. One is a crime, the other is not. I guess what you want is a strengthening of the tax laws to close the loop holes, not necessarily ‘tax the hell out of rich people’ or tax the rich people to stupor, simply because a GenZ or millennial next door hasn’t got their own home.

In this debate, I kinda agree with most of the points that atiku guy put forward, even if I disagree very slightly with his approach.

Zahra29:


Erm no, they've moved out of Planet Earth and into some magical land of fairies.

Reminds me of sixth-form student politics. No one's going to take them seriously.
(Although I'm sure they're very nice people).

They have their feet squarely on the floor.
There is a reason Democrat socialist countries like the Nordic countries consistently top the charts for Human Development Indices.

Do you ever miss Nigeria? I'm so emotional that I will miss ny motherland. Only me in a strange land. I can't even eat #sobs

Cyberknight:


Interesting how the current government is now seeing migrants as a convenient goose to pluck.
Well, in line with the theory of turkeys and Christmas, I shall certainly not be voting Tory, no matter how much the rest of their platform might otherwise have made some sense to me.

LibDem all the way. EluDee till 2034.

Lol... EluDee!. Thats a new one

Students don suffer finally. They are dehumanised and milked at same time.

What I find interesting about that this projected IHS fee rise for students is that current students would have already paid this fee hence unaffected. Just like the last hike, what no one is asking is what is the projected number new of students they'd need to make this reachable/sustainable?

The last immigration fee increase was fairly smooth. Another 25%? No problem. They can leave if they want to.

Odd thing is the student cash cow has been milked to subsidize fees paid by local students, support universities, pay civil servants higher wages, this is aside the labour, rent e.t.c students contribute and yet they are refused from bringing dependents cos they are deemed not to contribute enough. How much more do they need to contribute for it to be deemed enough?

Hi all. Has anyone here applied for a dependent visa for a child of 5 years old or less recently ? I’m trying to apply for my daughter and it appears as if I’m making the application from Nigeria considering the documents requested. They requested that I should submit the required documents at a TLS centre and capturing. Please note that she is applying from the UK and I picked the correct options. The application has not been submitted

missjekyll:


How do you get somebody on the waiting list for a knee replacement into work? Untreated anxiety ? Depression?

Until they are treated, it's wishful thinking

While not excusing the multitudes of this truly unable to work cos they are awaiting treatment, why not listen to those who interract with a good number of those daily?

Remember one morning seeing a chap who was describing vague unconnected symptoms all in search of a fit note. The next day, chap turned up at my house in his van (hot off other jobs) to fix a plumbing issue. While he was shocked, I was not even bothered. I had seen worse. The funny thing I notice is that while I'm virtually pleading with those on zero hour contracts (e.g builders) who are struggling, to take sometime off to recover, those with a well rounded work package e.g the government workers want 3 months off at the bat of a hat. We need a balance.


Do you think that the paediatric admissions for mental health issues like paracetamol overdose, self harm, earing disorders e.t.c now rivaling admissions for physical health issues is also all due to a failure of the NHS?

Do you think immigrants go to work everyday because they dont have mental health issues?

Waking up everyday to go to work in this country is not easy. I work overnight and manytimes ask myself why I'm not in my bed asleep. If labour does not tackle the longterm sick issue head on by making work pay, it's one thing that would quickly destroy them and sure bring in a conservative government to 'fix' just like in times past.

lavida001:


If they are not careful Chinese will buys all their houses.

Chinko people have been able to manipulate the housing and many other sector of their economy.

All the blame on foreign ownership has all the trappings of the current immigration issue. Populist and a vote winner but just like chasing away immigrants it's hardly ever results in higher standards of living for the local polpulace. Even 9ja fcked around and found out.

Certain considerations:

1. Recently, due to tax changes, alot of landlords have been selling. Now combine that with higher rates which were supposed to 'crash' house prices and tell me how much of a drop we have had. Have landlords selling made renting or home ownership any more affordable?

2. The ratio of foreign ownership in the UK has remained quite small and has served as a good impetus to the building sector. Forget talk, is the nation really reafy for a drop in house prices just like in Japan?

3. Many countries (NZ, AUS, Can) with higher ratio of foriegn ownerships have banned or severely restricted foreign ownership- have their house prices become affordable as a result?

4. Most foreign owners buy in cash or with less mortgage due to higher interest rates. If they buy with mortgage, local lenders benefit. For those buying in cash- remember this is cash not yet in the economy, the person has say £300k in their pocket. They would only invest it in a place they see a reasonable chance of profit. The UK economy needs that inflow- remember we are largely a service based economy. Investors can as well put those funds in other economies or a global index funds and get 7% after inflation with good liquidity and dodge all the issues around rentals e.g non paying tenants e.t.c. Even with good rental yield, how long do you think it would take for such a person to recoup their capital? Its largely a longplay game.

5. This is not saying it should be laissez-faire for foriegn investors. There shoud be progressive regulation but the narrative to keep pressing the increase tax button is hardly the answer.
Its for every host nation to understand how to maximise benefits from such inflows they need while making sure thy remain a sought after investment destination.

Wow that debate was painful for Sunak.

The audience clearly didn't like him, he was booed and heckled at various points. He looked quite deflated.

.

Zahra29:


No, it will only be sent to the original account.

The card to the account has expired, and it's a Nigerian dollar account. I can't get a new card right now. I thought there might be a way.

Thanks

Lefty500:


The card to the account has expired, and it's a Nigerian dollar account. I can't get a new card right now. I thought there might be a way.

Thanks

There is nothing to worry about if it is a GT Dollar Card. I had a refund done on an expired GT dollar card and I was able to transfer the funds out of the card into my domiciliary account even though I did not renew or get a new GT dollar Card

kumbhuru:
Do you ever miss Nigeria? I'm so emotional that I will miss ny motherland. Only me in a strange land. I can't even eat #sobs

Comedian, keep catching cruise. Hope you now know the meaning of TLScontact, ukvi, CoS etc...

Zahra29:
Wow that debate was painful for Sunak.

The audience clearly didn't like him, he was booed and heckled at various points. He looked quite deflated.

Infact, he's already being deflated from within. Grant Shapps is already conceding defeat in a way by saying labour shouldn't be given overwhelming power/majority. Secondly, Craig Williams gambled on election date!!! Is this not self implosion?? Plus Nigel Farage is out to erode Sunak personally, I don't understand the beef!

I personally want the conservative party to be a strong opposition, absolute powers is not good in a democracy.

ehizario2012:


Infact, he's already being deflated from within. Grant Shapps is already conceding defeat in a way by saying labour shouldn't be given overwhelming power/majority. Secondly, Craig Williams gambled on election date!!! Is this not self implosion?? Plus Nigel Farage is out to erode Sunak personally, I don't understand the beef!

I personally want the conservative party to be a strong opposition, absolute powers is not good in a democracy.

Lol Craig Williams own goal is classic example of a grifter. The bet was only for 100 quid as well, so not like he stood to make millions off the risk he was taking.

Farage hates the Tory party as a whole cos in 2019 the Brexit party did a deal with Boris and stood aside in strategic constituencies to allow Tories win those seats. They helped give Boris his 80 seat majority and Farage feels slighted that he wasn't acknowledged in their victory and also that the Tories haven't implemented Brexit in the way he expected. For example , not leaving the ECHR and immigration sky rocketing instead of going down.

So this time he's refusing to do a deal with the Tories and he wants to see them largely wiped out as payback.

Zahra29:



Lol Craig Williams own goal is classic example of a grifter. The bet was only for 100 quid as well, so not like he stood to make millions off the risk he was taking.

Farage hates the Tory party as a whole cos in 2019 the Brexit party did a deal with Boris and stood aside in strategic constituencies to allow Tories win those seats. They helped give Boris his 80 seat majority and Farage feels slighted that he wasn't acknowledged in their victory and also that the Tories haven't implemented Brexit in the way he expected. For example , not leaving the ECHR and immigration sky rocketing instead of going down.

So this time he's refusing to do a deal with the Tories and he wants to see them largely wiped out as payback.

Oh I see. The feud runs deep.