Why would you expect those 65+ to not pay NI? Is any tax of those who are retired acceptable? Or just NI? Or is it just taxing those 65 and above for social care? I.e. those eligible. I personally think it makes perfect sense for everyone receiving an income, regardless of age, to be taxed at the same rates. I'd take it further and abolish NI and change the tax bands to what they actually are, 32% and 42%. Capital gains and income from property rentals will then be captured in this.
What affect would taxing second homes have on the economy
- Thread starter NotAGolf
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Why would you expect those 65+ to not pay NI? Is any tax of those who are retired acceptable? Or just NI? Or is it just taxing those 65 and above for social care? I.e. those eligible. I personally think it makes perfect sense for everyone receiving an income, regardless of age, to be taxed at the same rates. I'd take it further and abolish NI and change the tax bands to what they actually are, 32% and 42%. Capital gains and income from property rentals will then be captured in this.
What about them, I didn't include each person's main residence.
As for homes being owned by companies, I don't believe that should be allowed anyway, save for a mortgage company.
Well pensions are taxed, although they don't pay NI. The argument is that, they have already paid "what was needed" in order to pay for their potential care post that point. Those that have property/assets, will be expected to use it to pay for social care, whereas others they don't will get it for free.
Yes things have moved on, things cost more money, but for me it is what it is.
all houses should have to be rented out at social rents
, any empty homes should be seized.all those london homes no one lives in because people are playing monopoly........
all houses should have to be rented out at social rents
all those london homes no one lives in because people are playing monopoly........
I think rents should be controlled in some way that they are affordable and reasonable. I wouldn't support seizing empty properties but I don't think mass ownership of homes for rental should be encouraged any more than we'd want rampant profiteering from utility companies.
And the reality is, people are being asked to pay more. Except not the people who need these services most?
In another note, I walked past my local hospital earlier and the queue for A and E was about 20 people long. That is the queue to be checked in. Not those waiting in a and e.
There are plenty of good reasons for addresses to be unoccupied for periods of time.
For example the house I currently live in was unoccupied for six months whilst waiting for a building manager to be available and then unoccupied for a further 9 months whilst extensive (and in some cases quite pressing) works were being undertaken on it all whilst I lived in a rented property.
Relatively there are few addresses intentionally left vacant and in a habitable condition when they could easily be rented out.
A lot of unoccupied premises are the result of things like dealing with probate, people having gone into care homes and address awaiting/ undergoing renovation.
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Because they have already paid. When we are that age, im sure i will be saying the same...why should i pay more.
Maybe if we stopped time wasters going down there by introducing a nominal fee at A&E, it wouldn't have a queue.
What's wrong with that?
Depends on your philosophy, but being 100% self-interested and having no concern for anyone outside your own bubble is hard to comprehend where I'm sitting.
Try Auckland, there are literally THOUSANDS of empty $1m+ dollar homes here, owned by Chinese nationals that come over for a couple of weeks a year!
https://www.stuff.co.nz/life-style/...s-why-and-what-would-get-them-into-the-market
Caporegime
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Yeah it will happen in every majori city in the world. LA, Vancouver, etc we are talking about the UK and it doesn't happen outside london
Erm, yes it does... there's this little place called Cornwall... Along the coast, >70% of houses are 2nd homes and empty most of the year.
Where I am in the South West it happens to an extent but seems to have have eased off a bit since the pandemic - with more people looking to get out of London with the ability to remote work it seems some sold them at a high. The further into the South West you go the more common it seems to be.
I doubt it is a nationwide problem though.
I doubt it is a nationwide problem though.
Wel yeah that's kind of how a benefits system works.
Do did you think parents were paying for child benefit?
Children for schools and the sick for hospitals?
The difference is they could but the government has chosen not to. There's no need to be facetious by saying 5 year olds should pay for their own schooling.
The difference is they could but the government has chosen not to. There's no need to be facetious by saying 5 year olds should pay for their own schooling.
How about their parents pay then?
Which benefit can you actually apply this sentence to? Really?
Healthcare?
Unemployment?
Schooling?
Average A&E wait here is 4+ hours, unless your arm is literally hanging off.
But then the number of people who go to A&E for some cough syrup is insane. Source: people who work there.