I think you're wrong. I don't have statistics to support that, but it's my gut feeling.Quote:
Originally Posted by Colr
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I think you're wrong. I don't have statistics to support that, but it's my gut feeling.Quote:
Originally Posted by Colr
Carole Cadwalladr on X: "NEW: Explosive new revelations from ex MI6 spy. Why *did* Boris Johnson block the Russia Report before 2019 Gen Election? Finally some answers.. Russian military intelligence - the GRU - targeted the Brexit vote. "Money changed hands" 1/ https://t.co/rKD71ux49R" / X
Follow the Money–Sergei & the Westminster Spy Ring – Apple Podcasts
Swivel on it RATcliffe
https://scontent.fman1-1.fna.fbcdn.n...yA&oe=67F0D6FF
Same UK tax avoider who wants the UK tax payer to help Billionaire American owned Man United build a new stadium?Quote:
Originally Posted by cabbageandribs1875
Shameless doesn't cover it ..
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If only it was just irony they didn't understand.Quote:
Originally Posted by cabbageandribs1875
That was clearly always the case. Why are Labour not releasing it now is the question?Quote:
Originally Posted by cabbageandribs1875
It was definitely a massive factor imo also. You just need to look at who was making the biggest noise over it and where that are now leading a party which is very right wing and xenophobicQuote:
Originally Posted by grunt
I'm sure sir Jim of Monaco will understand that if you want to have an input into what a particular group decides to do on behalf of its members it's a good idea to be a member of it, otherwise you are really just on the outside blowing hot air.Quote:
Originally Posted by lapsedhibee
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It’s a brilliant podcast, well worth multiple listens to catch all the details.Quote:
Originally Posted by cabbageandribs1875
https://www.theguardian.com/science/...droidApp_Other
NHS cancer patients denied life-saving drugs due to Brexit costs, report finds
Exclusive: Britons found to have ‘lost out’ while rest of Europe benefits from golden age of research and treatments
Brexit led to rise in hospital death rates because EU nurses were replaced by less qualified staff, academic study says
Brexit led to an increase in the chances of patients dying in hospital because it led to EU nurses being replaced replaced quickly by less qualified non-EU nurses, academics have said.
They have made the claim in a study covering 131 hospitals in England, and almost 10m patients.
And they argue that the increase in the mortality risk attributable to Brexit was the equivalent of 1,485 extra deaths per year in the three years after the UK voted to leave the EU.
They have calculated this figure by looking at the relationship between hospital death rates and with the proportion of EU nurses employed, adjusting for other factors that might have affected mortality.
https://www.theguardian.com/politics...08a7e30609ead3
The sunlit uplands are just over there, behind the pearly gates.Quote:
Originally Posted by grunt
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Another Brexit benefit!
https://news.sky.com/story/money-ene...#liveblog-body
Quote:
In bad news for Britons dreaming of a holiday home abroad, the Spanish government is pressing ahead with a plan to charge non-EU residents a 100% tax when they buy homes in the country.
Brexit or not, it's a bill that makes sense to me. I'm sure they wouild consider extending it to non-Spanish if they could.Quote:
Originally Posted by grunt
It might be something we can add to the housing debate in this country.
I would have a 100% tax on Scottish houses you don't live in 183 days a year(184 in a leap year). I'm an old lefty and think only the state should be able to own homes they don't live in. I appreciate that is a bit of an idealist proposition and probably not realistic but I would have that as a shooting for the stars starting pointQuote:
Originally Posted by CropleyWasGod
We have made a tentative start towards this with the introduction of ADS (Additional Dwelling Supplement) which is currently 8% and is levied on anyone buying a residential property in Scotland if they already own one or more residential properties anywhere in the world. It's not 100%, but it's a start. Introduced by the SNP Government I think?Quote:
Originally Posted by wookie70
Yip. It’s killed buy to let in Scotland. Nobody building blocks of 2 bed flats now.Quote:
Originally Posted by grunt
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You can buy a portfolio of 6 and get no ADS.Quote:
Originally Posted by Ozyhibby
Nice if you can afford it.Quote:
Originally Posted by Hibs4185
It’s a shame but the policy is popular even if it stops new houses being built and makes housing more expensive.
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Quote:
Originally Posted by Ozyhibby
Maybe I’m misunderstanding your point but ADS doesn’t stop new houses being built?
I don’t think it makes housing more expensive either? You buy a site and have to pay ADS but not massively in the scheme of things .
The point in ADS is to stop investors buying second houses so that first time buyers and home movers have an advantage over investors etc?
Some investors have just bitten the bullet on cheaper stuff, it really kicks in for investors on stuff over £100k, it’s a bit of a sore one but normally the investor tries to haggle some money off the purchase price outside of Edinburgh
It very much does stop housing getting built. Developers can only unlock the finance to start building certain projects once they have sold so many units off plan. Without buy to let investors there are not enough people out there to do this.Quote:
Originally Posted by Hibs4185
ADS kicks in at £40k. It’s not the only reason but to let is dead but it contributes. The loss of mortgage interest tax relief was huge as well.
Say you want to invest in a £150k flat in Edinburgh for your retirement then the total stamp + ADS will be about £16k. The numbers just don’t stack up on the investment so it doesn’t happen.
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Again :greengrinQuote:
Originally Posted by Ozyhibby
You do get relief for mortgage interest, just not at higher rates. For basic rate taxpayers, there's very little change from before.
The rental income you receive can drag you up into the higher brackets though. So even though you’re not making the profit you pay the higher tax. It is not an insignificant tax that has had a big effect.Quote:
Originally Posted by CropleyWasGod
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But you do get relief for mortgage interest :greengrin It's not been "lost".Quote:
Originally Posted by Ozyhibby
You get a 20% credit applied after your tax calc.Quote:
Originally Posted by CropleyWasGod
It is a big change from the previous system and has changed behaviours. It has made investing in housing less attractive which was my original point.
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I know :greengrin I mark exams in this **** . You'd get marked down for saying it had been removed rather than reduced.:na na:Quote:
Originally Posted by Ozyhibby
I take your wider point, though.
[emoji106]Quote:
Originally Posted by CropleyWasGod
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That’s the whole point in ADS, to stop people buying second homes as investments.Quote:
Originally Posted by Ozyhibby
I’m a developer and I know many independent builders in Edinburgh and ADS has no bearing on any of us building.
The issues are planning, contributions and a whole host of regulatory requirements.
Most developers buy a site, get planning or buy with planning, commence warrants and as they are about to start building, advertise for pre-sales.
I’m about to launch pre-sales on a development and I can guarantee most buyers will be downsizers or people climbing up the ladder who aren’t affected by ADS.
I genuinely don’t believe ADS affects house building apart from buying the site initially but often sites ate in SPV’s which negates ADS
I agree, there will be hardly any buyers affected by ADS. They are out the market now.Quote:
Originally Posted by Hibs4185
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