Re: The Budget
 

When the next election is on and the Labour candidate comes to my door he better be able to run faster than my dog :D.

Re: The Budget
 

see my location - that's my opinion.

Re: The Budget
 

Well apart from the beer and wine and petrol (in September) I'm no worst off. as I've mentioned before, the raise that was given to the stamp duty won't cut any ice here...

Edit: actually I'll take that back as our house has been valued at around 115K-120K we will slip in just below the new threshold this should make it easier to sell :)

Re: The Budget
 

That'll be the car they bought and maintain with their hard earned savings which they paid tax on for 50 years or perhaps from a private pension lump sump or income. The kind of thing that prevents them from getting the minimum income top-up that is given free to those pensioners who didn't have the foresight to pay into a private scheme in order to top themselves up a little at retirement.

Edit: I'm actually wondering whether I should frikkin bother paying into my small private pension scheme because, projecting today's figures, I'd be better off spending it on more beer today and I can simply get the minimum income guarantee topup when I retire and be no worse off.

Re: The Budget
 

thats pretty cool for you but in the majority it wont be. I doubt today you will still be in the same position you or your houses previous owner was in when stamp duty was increased to 60k.

I bought my house for 44k today its worth about 130-140k. Taking into account I bought during the low even then at a high it would have been 10k under stamp duty, so with todays increase it should have been 20k below or so of the new threshold.
Its past prudence and robbing the public that has enabled todays upgrades so to speak and those upgrades really arent giveaways as Im not in the same position I was 10 years ago, Im worse of and so would anyone wanting to buy my house shud I decide to sell in the future.

Theres 2 facts here with stamp duty. more houses even after todays threshold increase will be over that threshold which is a tax *increase*, on top of that house prices have increased and by bundles == a double boner for labour shafting the public up the jacksy

Re: The Budget
 

money money money pay pay pay skint skint skint

Re: The Budget
 

I find predictions are more accurate after the event ;)

Re: The Budget
 

WTF is "Stamp" duty for anyway. Yeah, Ok, I know it is there to line the governments pockets like other taxes but it kinda sounds like some kind of contrived medieval window tax type thing. Its just daft.

Re: The Budget
 

Lol! I think thats the answer!!!

:D

Re: The Budget
 

Daft for us yes but not for the government, past shows property as a continually growing asset in value, despite the odd low points here and there property on the whole increase so what better way to have a self increasing tax ;) thats the point of it they dont need to put it up it puts itself up.

Re: The Budget
 

From what was said on the news stamp duty was first introduced in the 17th century to help fund the Anglo - French war. It was a duty on any kind of written contract.

Re: The Budget
 

And income tax was brought in before WW1 as a temporary measure due to protests about an import duty I believe.
It was only supposed to be in place until they found a permanent replacement for the duty!


Ah just found the history of income tax if anyone is interested

http://www.inlandrevenue.gov.uk/history/

Re: The Budget
 

gordon brown has a huge budget deficit to plug due to labours spending commitments, if labour wins the general election were in for a huge tax increase.
http://www.telegraph.co.uk/money/mai...9/cnbrun29.xml
http://www.freelanceuk.com/news/746.shtml
http://www.xak.com/main/newsshow.asp?id=41148
http://www.ifs.org.uk/press.php?publ...&selectyr=2004

Re: The Budget
 

We just had a bundle of increases today ;) lilke any budget not everything allways goes up but plenty has and will in the future.

Stamp duty threshold up, but not by enough to be anything other than a tax increase.
Same for inheritence tax
Fags up some booze up (and they will be by now I shud think;) )
etc, etc, etc.

Re: The Budget
 

That's true... And the fact that we are still paying it, says something. It was also one of the principal taxes that led to the Boston Tea Party and the American Revolution... So smart move there :rolleyes: