According to The Telegraph, I should be £128 better off, but I do live in a council flat, so should see a rent increase due to my income.
Seems about right to me.
Seems about right to me.
Budget 2015: Osborne vs. the Economy
- Thread starter Mr Jack
- Start date
No it hasn't - it's a long overdue change to make it less attractive, but it's still an attractive investment (unfortunately).
interestingly the more left wing types have kept quiet about that... it wasn't that long ago when the guardian wrote the piece about btl landlords getting tax breaks... now they're going to be losing out to the tune of a few billion
interestingly the mirror has still managed to spin it to criticise the govt - they've criticised the extra tax on bank profits by highlighting that charges might be passed onto consumers and they've criticised the extra tax buy to let landlords will now have to pay by pointing out it could lead to rent rises
strangely enough I suspect that had the government implemented tax cuts for buy to let landlords the mirror would also criticise the move...
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
Rubbish.
The incentive to buy an efficient car is that it's an efficient car! It uses less fuel which costs you less money.
The average motorist spends hundreds if not thousands of pounds a year on fuel. Road tax going from £30 to £140 a year isn't going to suddenly make them buy a BMW 550i instead of a 520d, however much I wish it would
Most of these 'efficient' cars in the £30 tax bracket were ultra efficient only in simulated tests and therefore represented a tax dodge rather than a genuinely environmental purchase.Large premium saloon cars should not be paying £30 road tax - sorry, but it was nonsense and it always was.
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Soldato
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It's radical budget.
He's done exactly what I though he'd do. The cuts proposed at the elections were sadistic. There's no way they were going to go ahead at the rate in the manifesto. Some people might be unhappy with the cuts, but he's blown the opposition out of the water imo.
Labour especially will find it hard to come back over this parliament now unless the economy nose dives. They might attack the cuts, but they'll make the usual mistake of not committing to how they'd do it differently.
He's done exactly what I though he'd do. The cuts proposed at the elections were sadistic. There's no way they were going to go ahead at the rate in the manifesto. Some people might be unhappy with the cuts, but he's blown the opposition out of the water imo.
Labour especially will find it hard to come back over this parliament now unless the economy nose dives. They might attack the cuts, but they'll make the usual mistake of not committing to how they'd do it differently.
Possibly. I'm going to get an update from my accountant to see how my finances will be affected over the coming years. See what I want to do with pension contributions and what not first though.
Changes don't come into effect till next year. But if umbrella companies manage to operate in the way they are currently, from what (minimal) reading I've done this evening, they're going to be a better options than ltd companies for the 'average' contractor.
I've been running through the numbers myself. I'm basing take home figures from a friend who has been using an umbrella company for a few years now vs my actual take home over the past year. As it currently stands, there isn't much between ltd and umbrella as I don't (and can't) claim many expenses. From next year though, umbrella seems to be the way ahead.
I think rather than speaking to my accountant (who will invariably try and swing things in the ltd direction as they make more money out of it) I'll go and see an independent tax advisor once the dust settles and people have had a chance to read and digest the upcoming changes.
As it stands, I've not got anyone to compare to, so I have to do some more calculations rather than comparisons. I take all expenses from my own company, rather than my current main client which sits in the US.
I need to check on my contract too, to see how I will sit with a more stringent IR35.
I'm only new to contracting, for the past 6 months I've been contracting on the side, as prior to this I had full time employment. It's all a bit complicated at the moment.
It's all fun and games.
I need to check on my contract too, to see how I will sit with a more stringent IR35.
I'm only new to contracting, for the past 6 months I've been contracting on the side, as prior to this I had full time employment. It's all a bit complicated at the moment.
It's all fun and games.
I will have to let the dust settle and let my accountant give me the figures. A quick back of a fag packet calculation, I reckon on being about £5k down, which isn't so bad if I up my rate to mitigate some of that and plough more into my pension. Overall its a bit meh, not overly bothered.
It's a good budget, Dolph said so.
I agree with this, there were signs of genuine shock from the opposition benches yesterday as he was speaking.
Harriet Harridian looked almost broken when she took to the stand to give the opposition response.