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Council tax may be scrapped
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MSM reporting the Mrs Reeves is considering a reform of council tax. The most recent bandings for CT were assessed around 1990.
The proposals suggest a 0.51% annual property tax on properties valued at £500k, increasing to 0.81% a year at £1m threshold and so on. Average property values are currently under £300k, no mention yet how they may be affected.
This will raise money for cash strapped councils and likely end the free council tax for students in private sector rentals.
The rumours are the tax will be levied on the owners not the residents, so will this up push up rents? |
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By *otMe66Man 37 weeks ago
Terra Firma |
This would be a disaster if it came into force. The asset rich but cash poor, especially pensioners, would be hit hardest. It will appease the hard left progressives who have been crying out for wealth taxes.
I could see this being Labours poll tax moment. |
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By (user no longer on site) 37 weeks ago
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I take much of this stuff with a pinch of salt.
It’s not clear whether they are seriously considering it, or whether it’s just some boffin who’s suggested it at a meeting and it’s been leaked.
Or whether they deliberately leak it and then await people who actually know what they are talking about pointing out what a stupid idea it is.
It would probably take years to implement by which time there will be different government that won’t pursue it or will scrap it. |
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By *otMe66Man 37 weeks ago
Terra Firma |
"I take much of this stuff with a pinch of salt.
It’s not clear whether they are seriously considering it, or whether it’s just some boffin who’s suggested it at a meeting and it’s been leaked.
Or whether they deliberately leak it and then await people who actually know what they are talking about pointing out what a stupid idea it is.
It would probably take years to implement by which time there will be different government that won’t pursue it or will scrap it. "
 |
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"MSM reporting the Mrs Reeves is considering a reform of council tax. The most recent bandings for CT were assessed around 1990.
The proposals suggest a 0.51% annual property tax on properties valued at £500k, increasing to 0.81% a year at £1m threshold and so on. Average property values are currently under £300k, no mention yet how they may be affected.
This will raise money for cash strapped councils and likely end the free council tax for students in private sector rentals.
The rumours are the tax will be levied on the owners not the residents, so will this up push up rents? "
If the tax is levied on the owners of property and not the tenants, then everyone in social housing won’t have to pay. The property market will get flooded with landlords rushing to sell and move their investments into other areas.
With prices crashing, millions will fall into negative equity and won’t be able to move if they wanted to. The house building industry will collapse overnight as their costs are higher than sale values
In short….. not a chance |
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"MSM reporting the Mrs Reeves is considering a reform of council tax. The most recent bandings for CT were assessed around 1990.
The proposals suggest a 0.51% annual property tax on properties valued at £500k, increasing to 0.81% a year at £1m threshold and so on. Average property values are currently under £300k, no mention yet how they may be affected.
This will raise money for cash strapped councils and likely end the free council tax for students in private sector rentals.
The rumours are the tax will be levied on the owners not the residents, so will this up push up rents?
If the tax is levied on the owners of property and not the tenants, then everyone in social housing won’t have to pay. The property market will get flooded with landlords rushing to sell and move their investments into other areas.
With prices crashing, millions will fall into negative equity and won’t be able to move if they wanted to. The house building industry will collapse overnight as their costs are higher than sale values
In short….. not a chance "
Or it would be passed on in rent increases |
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"MSM reporting the Mrs Reeves is considering a reform of council tax. The most recent bandings for CT were assessed around 1990.
The proposals suggest a 0.51% annual property tax on properties valued at £500k, increasing to 0.81% a year at £1m threshold and so on. Average property values are currently under £300k, no mention yet how they may be affected.
This will raise money for cash strapped councils and likely end the free council tax for students in private sector rentals.
The rumours are the tax will be levied on the owners not the residents, so will this up push up rents?
If the tax is levied on the owners of property and not the tenants, then everyone in social housing won’t have to pay. The property market will get flooded with landlords rushing to sell and move their investments into other areas.
With prices crashing, millions will fall into negative equity and won’t be able to move if they wanted to. The house building industry will collapse overnight as their costs are higher than sale values
In short….. not a chance
Or it would be passed on in rent increases "
With a little extra added for all the hassle?
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"
Or it would be passed on in rent increases
With a little extra added for all the hassle?
"
A little extra added as insurance for non-payment. Whereas councils can bang people up for not paying, send around debt collectors, etc. Landlords don't stand a chance without padding it out for insurance (better yet, actually buying insurance). |
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"
Or it would be passed on in rent increases
With a little extra added for all the hassle?
A little extra added as insurance for non-payment. Whereas councils can bang people up for not paying, send around debt collectors, etc. Landlords don't stand a chance without padding it out for insurance (better yet, actually buying insurance)."
That’s a good point mate. It can be close to impossible for a landlord to get rent from someone that doesn’t want to pay. And it can take months to evict someone for non payment of rent.
And without a reference from their previous landlord it’s close to impossible to get another tenancy. If anything, non payment of rent is possibly the best way to get a council house. |
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"
Or it would be passed on in rent increases
With a little extra added for all the hassle?
A little extra added as insurance for non-payment. Whereas councils can bang people up for not paying, send around debt collectors, etc. Landlords don't stand a chance without padding it out for insurance (better yet, actually buying insurance)."
The imminent renter rights bill will limit rent increases to one a year
This is only about Reeves £50bn black hole and who she can blag the money off |
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By *I TwoCouple 36 weeks ago
near enough |
"I take much of this stuff with a pinch of salt.
It’s not clear whether they are seriously considering it, or whether it’s just some boffin who’s suggested it at a meeting and it’s been leaked.
Or whether they deliberately leak it and then await people who actually know what they are talking about pointing out what a stupid idea it is.
It would probably take years to implement by which time there will be different government that won’t pursue it or will scrap it. "
It's just the shite the media come up with every day as click bait for the idiots |
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"Remember the Poll Tax debacle anyone?"
Poll tax was the only fair way of funding local services. Each person uses about the same so everyone should pay the same. In fact, if a proper analysis was done then poorer people probably use more services so should pay more towards them. |
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"Remember the Poll Tax debacle anyone?
Poll tax was the only fair way of funding local services. Each person uses about the same so everyone should pay the same. In fact, if a proper analysis was done then poorer people probably use more services so should pay more towards them."
Heaven forbid the poor should pay for anything  |
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"I take much of this stuff with a pinch of salt.
It’s not clear whether they are seriously considering it, or whether it’s just some boffin who’s suggested it at a meeting and it’s been leaked.
Or whether they deliberately leak it and then await people who actually know what they are talking about pointing out what a stupid idea it is.
It would probably take years to implement by which time there will be different government that won’t pursue it or will scrap it. "
Basically Labour haven't got a clue what to do.
They are just running stuff up the flagpole hoping that someone will salute it.
Not seen many salutes but heard a lot of raspberries.
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"Remember the Poll Tax debacle anyone?
Poll tax was the only fair way of funding local services. Each person uses about the same so everyone should pay the same. In fact, if a proper analysis was done then poorer people probably use more services so should pay more towards them."
Yes I thought that it was the best way to fund councils. Just gives perspective I was living by myself but paid the same tax as neighbours with 4 adults in their house. Went from paying £500 in rates to £140 in poll tax. We also used to get a 10% discount if we paid it all at once.
But the problem was people don’t like to pay the same as some one they consider rich or in a bigger house.
My view is that there should be a local income tax as this better reflects peoples situation. What this would be set at is anyone’s guess. |
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By (user no longer on site) 36 weeks ago
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"Remember the Poll Tax debacle anyone?
Poll tax was the only fair way of funding local services. Each person uses about the same so everyone should pay the same. In fact, if a proper analysis was done then poorer people probably use more services so should pay more towards them."
I'm not sure it's fair that a family living in a 15 bedroom mansion pay the same as a family in a terraced two-up, two-down. Some graduated tax by wealth and ability to pay seems reasonable to me. |
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It could just be out there because it's slow news period and isn't even a working idea.
Councils do need to have great income, after many years of austerity and £billions cut from their income. It's reasonable for re-evaluations of property too. There's probably great scope for more categories at the high end |
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Isn't it The Treasury's job to come up with new or revised taxation ideas? Doesn't mean they would ever see the light of day though.
News wise it's August silly season. Same every year, but these rumours seems to provoke angry reactions from some people. Can't be good for their health.
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since the early eighties central government has heaped expense on expense onto councils like a never ending conveyor belt of costs .... homelessness, social care, mental health care in the community etc etc etc. at the same time as defunding councils from central government funds decrying the country's situation as socialist wastage and inefficiency. this is the legacy of eighties government comming home to roost. now the boomers have to pay back some of the vast sums of cash that they ran off with and spunked on their decadent frivolities. |
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"So what is she going to do? Reintroduce the poll tax? Getting desperate enough, isn’t she?"
Poll tax was a much fairer system all round. After all it is individuals who create the need for council services.
The reason why poll tax got scrapped was because it dawned on the conservatives that in order to register the masses living below the radar for taxation, they would also have to be registered to vote and there was a strong likelihood that they would not be conservative supporters.
Getting and keeping a party in power is what it is all about, especially when things are going well for them. |
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"So what is she going to do? Reintroduce the poll tax? Getting desperate enough, isn’t she?"
£50bn is a lot to find
(Pensioners winter fuel £1.7bn before u turn, disabled benefits £5bn before U turn, farmers iht £460m). |
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By (user no longer on site) 36 weeks ago
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"The tax system does need looking at, inheritance tax about 80 to 90% on everyone should do it
Are you repeating the ramblings of Lewis Goodall with this idea? "
If you don't want black and brown immigrants then it's the only way the state can raise money for you education, health , roads.
Yup!!! Love Lewis Goodhall and what he said made sense, keep more of you money while alive and make the best of yourself and then when you die the state gets it.
What he wasn't strong enough on was the double taxation stick. You can't tax a dead person, your taxing the inheritance of the people who did nothing to earn it. |
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By *otMe66Man 36 weeks ago
Terra Firma |
"The tax system does need looking at, inheritance tax about 80 to 90% on everyone should do it
Are you repeating the ramblings of Lewis Goodall with this idea?
If you don't want black and brown immigrants then it's the only way the state can raise money for you education, health , roads.
Yup!!! Love Lewis Goodhall and what he said made sense, keep more of you money while alive and make the best of yourself and then when you die the state gets it.
What he wasn't strong enough on was the double taxation stick. You can't tax a dead person, your taxing the inheritance of the people who did nothing to earn it."
I love how easily people swallow Goodall’s bait. The idea that all heirs "did nothing to earn it" conveniently ignores that inheritance is taxed wealth built up from a lifetime of taxed income and one sweeping brush stroke shouldn't tar all. I thought that was a moral the left held dear? Talking of morals, the dead may not have rights, but right now at least, the living certainly do, and to pass on what they have created is their right. If the logic is "spend it all or lose it to the state", people will just sign estates over early, offshore their wealth, or leave altogether. That is a perfect recipe for driving out the success needed to fund public services, or maybe that is the master plan... Drive out success and let the country slide into irreversible decline. 🤷 |
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By (user no longer on site) 36 weeks ago
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"The tax system does need looking at, inheritance tax about 80 to 90% on everyone should do it
Are you repeating the ramblings of Lewis Goodall with this idea?
If you don't want black and brown immigrants then it's the only way the state can raise money for you education, health , roads.
Yup!!! Love Lewis Goodhall and what he said made sense, keep more of you money while alive and make the best of yourself and then when you die the state gets it.
What he wasn't strong enough on was the double taxation stick. You can't tax a dead person, your taxing the inheritance of the people who did nothing to earn it.
I love how easily people swallow Goodall’s bait. The idea that all heirs "did nothing to earn it" conveniently ignores that inheritance is taxed wealth built up from a lifetime of taxed income and one sweeping brush stroke shouldn't tar all. I thought that was a moral the left held dear? Talking of morals, the dead may not have rights, but right now at least, the living certainly do, and to pass on what they have created is their right. If the logic is "spend it all or lose it to the state", people will just sign estates over early, offshore their wealth, or leave altogether. That is a perfect recipe for driving out the success needed to fund public services, or maybe that is the master plan... Drive out success and let the country slide into irreversible decline. 🤷 "
No because you arguing from the state of everything stays the same.
You keep all your money while alive, no taxes or very limited taxes depends on how much it earns.
So you can get a nicer house afford to put your children through better education raise them to be independent not dependant on your wealth.
Then when you die most of your money goes back to the state because you will have raised productive and wealthy children not lazy cunts depending on your deaths.
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So you can get a nicer house afford to put your children through better education raise them to be independent not dependant on your wealth.
"
A little thing called supply and demand would devalue your money. You can't create more nice houses by letting people keep more of their money. So not everyone can have that nice house. So people simply pay more for it. So everyone is back where they started... Or possibly less so. |
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By (user no longer on site) 36 weeks ago
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"
So you can get a nicer house afford to put your children through better education raise them to be independent not dependant on your wealth.
A little thing called supply and demand would devalue your money. You can't create more nice houses by letting people keep more of their money. So not everyone can have that nice house. So people simply pay more for it. So everyone is back where they started... Or possibly less so."
Indeed it would self regulate on wage, but it would encourage people to work, get a better job because all that money is yours!
It would also be inflationary until it self regulates.
But it's a much better idea of meritocracy |
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By (user no longer on site) 36 weeks ago
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We can't go on as we are, the rich get richer and the poor are getting poorer.
More food banks than McDonald's!!
We now have warm banks too.
And most of them are attended by people in work.
The system needs a radical overhaul in favour of the poorest |
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"We can't go on as we are, the rich get richer and the poor are getting poorer.
More food banks than McDonald's!!
We now have warm banks too.
And most of them are attended by people in work.
The system needs a radical overhaul in favour of the poorest "
Have you ever actually visited a food bank to see what is happening in the real world. What have people spent their money on that they are unable to buy food. I often walk past a local food bank. People are collecting food because it is free , not because they cannot afford food. People in work pay their own way in life. |
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By (user no longer on site) 36 weeks ago
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"We can't go on as we are, the rich get richer and the poor are getting poorer.
More food banks than McDonald's!!
We now have warm banks too.
And most of them are attended by people in work.
The system needs a radical overhaul in favour of the poorest Have you ever actually visited a food bank to see what is happening in the real world. What have people spent their money on that they are unable to buy food. I often walk past a local food bank. People are collecting food because it is free , not because they cannot afford food. People in work pay their own way in life. "
Completely untrue!
I volunteer, you have to be directed and you have coupons |
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If this government do scrap council tax, then we can be sure that what will follow, will be so much worse. They will find a way to make more of us pay, even more money. They will squeeze every extra penny they can, out of people who are struggling enough as it is.
Sooner or later she will also get the green light to raise income tax, raids on state pensions, personal savings, the lot. They said they wouldn’t, but they will. It’ll be like going back to the 1970’s, but without the groovy music. |
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"MSM reporting the Mrs Reeves is considering a reform of council tax. The most recent bandings for CT were assessed around 1990.
The proposals suggest a 0.51% annual property tax on properties valued at £500k, increasing to 0.81% a year at £1m threshold and so on. Average property values are currently under £300k, no mention yet how they may be affected.
This will raise money for cash strapped councils and likely end the free council tax for students in private sector rentals.
The rumours are the tax will be levied on the owners not the residents, so will this up push up rents? "
Don't see this happening how are councils ans social housing associations going to pay when the rent is fixed? |
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