Fun and games with ballot papers

[muzzer]

Interesting
What you are suggesting is that money that is gained simply through owning things (in this case property) is somehow NOT earnings and therefore should be free of tax. Whereas, money one gains through toil is fine to be taxed.... seems the wrong way round to me...without paying tax we won't have schools, hospitals and the rest. You only pay tax when you make profits/gains on capital in the same way you pay tax on earnings you make by exchanging your labour for £.
It seems that some folks like to have things both ways, the value of a house is capital when it's needed to borrow against and it's not if you sell it.
Surely if you make money you pay tax on the money you make?

I’m not suggesting that capital should never be taxed, but that how that’s done needs to take more into account than it looks the way things are going. There seems to be a sense that the current CGT relief on the sale of your only or main property will be chipped at in some way or another, either on sale or by some sort of ongoing increased property tax. There are plenty of people with second homes they don’t live in, or live in very often, either in the U.K. or abroad, whose overall wealth might be looked at first. Imho.

[Anastasius]

Is that what you did yourself? Because you actually haven't presented anything in support of your views. Which seem to express themselves in exclusively negative terms - if all you can see in socialism is the "politics of envy" I put it to you that your empathy with your fellow human beings is as absent as your sense of imagination. Humanity isn't going to survive the coming decades on such sterile and joyless attitudes; but maybe it's all the same to you.

You have made so many assumptions there. All of them wrong.

[Anastasius]

Interesting
What you are suggesting is that money that is gained simply through owning things (in this case property) is somehow NOT earnings and therefore should be free of tax. Whereas, money one gains through toil is fine to be taxed.... seems the wrong way round to me...without paying tax we won't have schools, hospitals and the rest. You only pay tax when you make profits/gains on capital in the same way you pay tax on earnings you make by exchanging your labour for £.
It seems that some folks like to have things both ways, the value of a house is capital when it's needed to borrow against and it's not if you sell it.
Surely if you make money you pay tax on the money you make?

An interesting idea and I'd support it provided that I got a tax rebate when I went into negative equity and that I'd get income tax and capital gains tax relief on all the money that I plough into the property to increase its value. It works both ways.

[teamsaint]

An interesting idea and I'd support it provided that I got a tax rebate when I went into negative equity and that I'd get income tax and capital gains tax relief on all the money that I plough into the property to increase its value. It works both ways.

AFAIK, capital gains tax does take account of costs incurred when assets are increasing in value. And taxable gains take account of inflation.

By the way, you are talking a load of unsubstantiated nonsense about Corbyn being an anti semite .And as regards his relationships with terrorists, some of them would be the self same people who negotiated the GFA .

Not too many leading British government officials have clean hands on matters connected to repressive violence.The Saudis can fill you in on the details if you need them.

https://www.theguardian.com/commentisfree/2019/nov/20/corbyn-terrorist-sympathiser-double-standards

Edit : Yes, the same one linked by DS upthread !!!! Apologies, DS.

[MrGongGong]

An interesting idea and I'd support it provided that I got a tax rebate when I went into negative equity and that I'd get income tax and capital gains tax relief on all the money that I plough into the property to increase its value. It works both ways.

A lot of "I"s there chum

[Anastasius]

A lot of "I"s there chum

Your point is what exactly ? Apart from virtue-signalling.

So we're agreed then. No tax rebate for negative equity but an offset to any capital gains tax due on the added value of the property at sale...offset by the costs involved invested into the house to increase its value (and thus tax) and such costs to include a notional 'salary' for all my time spent.

[LMcD]

(Ever wished you'd not started what was meant to be a light-hearted thread on a non-party matter? )

[Richard Barrett]

(Ever wished you'd not started what was meant to be a light-hearted thread on a non-party matter? )

Every light-hearted thread has its dark side... so many people have a great deal of emotional and intellectual commitment to issues that might emerge from such an innocuous beginning, it's impossible not to let it spill out sometimes. What I do often find disappointing is that it so often spills out in the form of incoherent ranting. One of the major problems afflicting political discourse in the UK is that so few people take the time and trouble to be articulate about issues which are after all rather important - for example, what kind of country do we want to live in? - leaving the way open to the brutal simplifications peddled by populist politicians. It's a win-win situation for the populists (I don't need to mention names I dare say): people who haven't engaged with the questions just swallow their falsehoods, and many of those who have engaged with the questions just switch off and lose faith in the process altogether.

[Anastasius]

(Ever wished you'd not started what was meant to be a light-hearted thread on a non-party matter? )

A very fair point, LMcD, and I shall refrain from further comment. Mind you, I blame that teamsaint geezer for starting it...wot wiv 'im going for the Corbynge sympathy vote...suggesting that he (Corbynge) gets bad press coverage. 'e gets wot 'e deserves, IMO.

[Serial_Apologist]

Your point is what exactly ? Apart from virtue-signalling.

So we're agreed then. No tax rebate for negative equity but an offset to any capital gains tax due on the added value of the property at sale...offset by the costs involved invested into the house to increase its value (and thus tax) and such costs to include a notional 'salary' for all my time spent.

It's the scarcity of provision that allows the value of properties to increase over time: you don't have to do home improvements to see your investment reaping its rewards, as I rather think you know.

[MrGongGong]

Your point is what exactly ? Apart from virtue-signalling.

So we're agreed then. No tax rebate for negative equity but an offset to any capital gains tax due on the added value of the property at sale...offset by the costs involved invested into the house to increase its value (and thus tax) and such costs to include a notional 'salary' for all my time spent.

You can agree with yourself all you want
I'm sure you are used to doing that anyway

[teamsaint]

Two wrongs don’t make a right , but.......

From an article by G Monbiot
A survey by YouGov for Hope Not Hate discovered that 54% of Conservative party members believe Islam is “generally a threat to the British way of life”. Islamophobia is a genuine majority sentiment within the party, whose leader has repeatedly made racist and Islamophobic statements. This week, I searched Google for mentions of Labour anti-Semitism by the BBC, and found 7810 returns. But a search for BBC mentions of Conservative Islamophobia delivered only 1420 results.
I found this interesting.

[teamsaint]

A very fair point, LMcD, and I shall refrain from further comment. Mind you, I blame that teamsaint geezer for starting it...wot wiv 'im going for the Corbynge sympathy vote...suggesting that he (Corbynge) gets bad press coverage. 'e gets wot 'e deserves, IMO.

Actually, my main interest in this sort of issue is in trying to highlight real dishonesty, and trying to get as near to “ truth” as is possible. I am certainly not interested in being an apologist for Corbyn or anybody else.

[Anastasius]

Two wrongs don’t make a right , but.......

From an article by G Monbiot
A survey by YouGov for Hope Not Hate discovered that 54% of Conservative party members believe Islam is “generally a threat to the British way of life”. Islamophobia is a genuine majority sentiment within the party, whose leader has repeatedly made racist and Islamophobic statements. This week, I searched Google for mentions of Labour anti-Semitism by the BBC, and found 7810 returns. But a search for BBC mentions of Conservative Islamophobia delivered only 1420 results.
I found this interesting.

I take the YouGov surveys with a ton of salt TBH. When the Conservative party was choosing its new leader, YouGov made some fatuous poll saying that 90% of members were this or that...I didn't remember the detail. But the poll size was about 500 out of the total membership of, what, 160,000 ? Hardly representative.

Good luck with trying to find out the 'truth' !

[jayne lee wilson]

Actually, my main interest in this sort of issue is in trying to highlight real dishonesty, and trying to get as near to “ truth” as is possible. I am certainly not interested in being an apologist for Corbyn or anybody else.

Absolutely. With you all the way there... it gets harder ever day, doesn't it? Especially when you can see through it. We all live in the cultural and political inferno now, but not many can tell the demons apart.... it hangs over us all, as a heavy grey cloud....

And if anyone wants to use the term "virtue-signalling" I'm sure we'd all welcome a definition-of-terms....with reference to the current thread of course.....