The Motor Forum Forum Index The Motor Forum
"We are mature men in the highest cadres of our careers"
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   Join! (free) Join! (free)
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Council Tax
Page Previous  1, 2, 3  Next
 
Post new topic   Reply to topic    The Motor Forum Forum Index -> General
View previous topic :: View next topic  
Author Message
Bob Sacamano
Nuclear

My Car: BMW 320d M Sport Auto

Joined: 02 Jan 2007
Posts: 11884



PostPosted: Tue Nov 08, 2016 3:50 pm    Post subject:  Reply with quote

gooner wrote:


I'll also add that for my grandmother in law she'd also have to sort out 40 years worth of stuff in her late husbands woodworking shed and gardening sheds and that's before even thinking about the attic! She just doesn't have the energy any more to cope with that even if we were to help.


We're going through this with my mother at the moment. At the age of 75 she's just ordered and had delivered her first skip. You would not believe how excited she is by this and phones me regularly on updates, fill level, neighbours putting stuff in, what's gone in, did I want such and such before it goes it etc.

It's always difficult to know what to get her for Xmas but honestly I'm thinking about just getting her another one for the end of December, she'll be made up.
Back to top
View user's profile Send private message
Big Blue
Nuclear

My Car: Alpina B5 BiTurbo Touring Nr15 (The Gorilla); Yamaha R1 (the Black Whanger); The E46 323i With No Name

Joined: 01 Jan 2007
Posts: 10861


Location: SW1. Back where I belong.

PostPosted: Tue Nov 08, 2016 4:14 pm    Post subject: Reply with quote

I have this horror every time I go to my mum's. She is loathe to deal with anything from my late stepfather's era and I'm just too busy / in another country to do it. I have plans for the records, the trains are coming to mine, the library stays and the 70years of National Geographic needs to have the dozen or so specials dug out for collector sale and the rest incinerated on the basis no one will have enough time in their life to read them all.
_________________
Back to top
View user's profile Send private message
gooner
Twin-charged

My Car: Insignia low tax special and Fiat Panda Eleganza

Joined: 23 Dec 2006
Posts: 8923


Location: here, there and every bloody where!

PostPosted: Tue Nov 08, 2016 4:35 pm    Post subject: Reply with quote

gonnabuildabuggy wrote:
gooner wrote:
I'll also add that for my grandmother in law she'd also have to sort out 40 years worth of stuff in her late husbands woodworking shed and gardening sheds and that's before even thinking about the attic! She just doesn't have the energy any more to cope with that even if we were to help.


What's the plan for the future then? Or sit tight and hope she doesn't get frail?

All that stuff will need sorting at some point.........


Same plan as most of her generation, she'll cross that bridge when she comes to it! She's in her early 70's and in good health. My concern is not her but my own grandparents who are in their 90's now and as far as I can gather have made no allowances for the fact their 3 bed bungalow on Muddiford that's probably worth north of £400k is going to land my mum and aunt with a significant inheritance tax bill at some point in the next decade. My family have a really bad habit of playing-it-by-ear. Drives my wife nuts whenever they're planning family events!

My wife's uncle was planning to start going through a lot of the old tools etc, but then his wife had a three year battle with aggressive lung cancer to deal with (a battle she sadly lost a few weeks ago).
_________________


- Insert clever and/or amusing quote here -
Back to top
View user's profile Send private message
Big Blue
Nuclear

My Car: Alpina B5 BiTurbo Touring Nr15 (The Gorilla); Yamaha R1 (the Black Whanger); The E46 323i With No Name

Joined: 01 Jan 2007
Posts: 10861


Location: SW1. Back where I belong.

PostPosted: Tue Nov 08, 2016 5:03 pm    Post subject: Reply with quote

I don't agree with IHT but not sure being given an asset then being taxed on it is much of a headache unless it's a collection of large real estate properties that cumulatively are a pain in the arse to deal with before you can pay the bill.
_________________
Back to top
View user's profile Send private message
gonnabuildabuggy
Nuclear

My Car: Sorted for E's

Joined: 22 Dec 2006
Posts: 12069


Location: Somewhere, rounadabouts

PostPosted: Tue Nov 08, 2016 5:03 pm    Post subject: Reply with quote

12th or John C see will be along in a minute to correct me/confirm but I think you get £365K allowance per person on property so anything under £730K wouldn't be subject to inheritance tax.

However I suspect they won't die together so some form of IHT planning is recommended.

My Mum has spent 5 yrs sorting her house in advance of finally downsizing when she is 80 (18 months time) at which point she will get a flat close to me so I can help her when needed and organise work men/carers, etc as needed, as well as take her out to ensure she maintains mobility etc.

All that's left now is just for a) Bob's Skip b) Her new place c) The Auction House.

I just hope nothing happens to her in that period. 3 neighbours have died in the last 12 months (they were in their early 80's).

Less sure about my Dad's plans but he will have to move when he gets frail as I'm not doing a 10 hr round trip to Devon to see him.

I see friendss trapped looking after elderly parents trapped in their own homes some distance away and wasting whole weekends having to go down to look after them because they refuse to move.
_________________
Summer's here and the time is right
For racing in the street.
Back to top
View user's profile Send private message
Frank Bullitt
Nuclear

My Car: .
View My Motor: .

Joined: 29 Feb 2008
Posts: 12848



PostPosted: Tue Nov 08, 2016 5:33 pm    Post subject: Reply with quote

Thankfully I am the child furthest away from my parents, long may that continue.

Big Blue wrote:
I don't agree with IHT but not sure being given an asset then being taxed on it is much of a headache unless it's a collection of large real estate properties that cumulatively are a pain in the arse to deal with before you can pay the bill.


I don't have an issue with IHT at all, it's unearned wealth on behalf of the individual benefiting.
Back to top
View user's profile Send private message
JohnC
Supercharged

My Car: 435D Coupe

Joined: 23 Dec 2006
Posts: 5098


Location: Scotland

PostPosted: Tue Nov 08, 2016 5:50 pm    Post subject: Reply with quote

Everyone gets an IHT nil rate band of £325K. If you are married and one dies, leaving everything to the other, the unused proportion of the deceased's £325K gets transferred to the surviving spouse. Transfers between spouses on death don't have any tax charges.

The above reliefs cover all assets whatever they are.

There is an additional relief starting next year which gives additional IHT exemption if the family home is passed to the next generation. It will start at £100K for 2017/18 and increase annually to £175K by 2020/21.
_________________
Every man is the architect of his own future.
Back to top
View user's profile Send private message
gonnabuildabuggy
Nuclear

My Car: Sorted for E's

Joined: 22 Dec 2006
Posts: 12069


Location: Somewhere, rounadabouts

PostPosted: Tue Nov 08, 2016 6:01 pm    Post subject: Reply with quote

Frank Bullitt wrote:
I don't have an issue with IHT at all, it's unearned wealth on behalf of the individual benefiting.


Similar. Especially given most of it is generally Capital Gain via Property value increase so not actually earned income from the deceased either.
_________________
Summer's here and the time is right
For racing in the street.
Back to top
View user's profile Send private message
gonnabuildabuggy
Nuclear

My Car: Sorted for E's

Joined: 22 Dec 2006
Posts: 12069


Location: Somewhere, rounadabouts

PostPosted: Tue Nov 08, 2016 6:04 pm    Post subject: Reply with quote

JohnC wrote:
There is an additional relief starting next year which gives additional IHT exemption if the family home is passed to the next generation. It will start at £100K for 2017/18 and increase annually to £175K by 2020/21.


How will this work then?

For sake of simple numbers, if my Mum's home was her only asset and worth £425K then would there be no inheritance tax due if I and my brother are the beneficiaries of her will?
_________________
Summer's here and the time is right
For racing in the street.
Back to top
View user's profile Send private message
JohnC
Supercharged

My Car: 435D Coupe

Joined: 23 Dec 2006
Posts: 5098


Location: Scotland

PostPosted: Tue Nov 08, 2016 6:06 pm    Post subject: Reply with quote

gonnabuildabuggy wrote:
JohnC wrote:
There is an additional relief starting next year which gives additional IHT exemption if the family home is passed to the next generation. It will start at £100K for 2017/18 and increase annually to £175K by 2020/21.


How will this work then?

For sake of simple numbers, if my Mum's home was her only asset and worth £425K then would there be no inheritance tax due if I and my brother are the beneficiaries of her will?


That's right, as long as it happens after 6/4/17. Before that £100K would be taxed at 40%
_________________
Every man is the architect of his own future.
Back to top
View user's profile Send private message
gonnabuildabuggy
Nuclear

My Car: Sorted for E's

Joined: 22 Dec 2006
Posts: 12069


Location: Somewhere, rounadabouts

PostPosted: Tue Nov 08, 2016 6:19 pm    Post subject: Reply with quote

JohnC wrote:
That's right, as long as it happens after 6/4/17. Before that £100K would be taxed at 40%


Why 40%? is all IHT at that rate?

I'm hoping my Mum lives well beyond 6/4/17

However if she loses her health then I'd hope it's a swift decline for her sake.
_________________
Summer's here and the time is right
For racing in the street.
Back to top
View user's profile Send private message
JohnC
Supercharged

My Car: 435D Coupe

Joined: 23 Dec 2006
Posts: 5098


Location: Scotland

PostPosted: Tue Nov 08, 2016 8:22 pm    Post subject: Reply with quote

gonnabuildabuggy wrote:

Why 40%? is all IHT at that rate?



Every penny taxed at 40% I'm afraid.
_________________
Every man is the architect of his own future.
Back to top
View user's profile Send private message
gonnabuildabuggy
Nuclear

My Car: Sorted for E's

Joined: 22 Dec 2006
Posts: 12069


Location: Somewhere, rounadabouts

PostPosted: Tue Nov 08, 2016 9:39 pm    Post subject: Reply with quote

JohnC wrote:
gonnabuildabuggy wrote:

Why 40%? is all IHT at that rate?



Every penny taxed at 40% I'm afraid.


I think (?) it lowers if a portion goes to charity?
_________________
Summer's here and the time is right
For racing in the street.
Back to top
View user's profile Send private message
JohnC
Supercharged

My Car: 435D Coupe

Joined: 23 Dec 2006
Posts: 5098


Location: Scotland

PostPosted: Wed Nov 09, 2016 8:42 am    Post subject: Reply with quote

gonnabuildabuggy wrote:
JohnC wrote:
gonnabuildabuggy wrote:

Why 40%? is all IHT at that rate?



Every penny taxed at 40% I'm afraid.


I think (?) it lowers if a portion goes to charity?


Gifts to charity in a will are exempt from tax and if the will leaves more than 10% of the net estate to charity there is a lower rate of 36%. I have never seen this happen but you can read up on it here: https://www.gov.uk/inheritance-tax/overview
_________________
Every man is the architect of his own future.
Back to top
View user's profile Send private message
Chris M Wanted a V-10
Supercharged

My Car: C-Max'D, CapturD and GOK the Wok

Joined: 22 Dec 2006
Posts: 7160


Location: Captur'd by 1 5UMO near Camberley. Forum F1 champ 2011 and 2015

PostPosted: Wed Nov 09, 2016 9:25 am    Post subject: Reply with quote

gonnabuildabuggy wrote:
Frank Bullitt wrote:
I don't have an issue with IHT at all, it's unearned wealth on behalf of the individual benefiting.


Similar. Especially given most of it is generally Capital Gain via Property value increase so not actually earned income from the deceased either.

Yes but.....
In some (a majority?) of cases, tax was paid on the money when it was earned. If you chose to spend that money, on which you have already paid tax, to buy something that appreciates, the government taxes you yet again on the appreciated value which IMHO is wrong. After all, if the government invested wisely it could also ensure that its assets appreciate, however it appears to squander its money (our taxes) instead of using it wisely
_________________
Wanted a V-10 ; settled for half a V-6
October 2012:
Back to top
View user's profile Send private message MSN Messenger
gonnabuildabuggy
Nuclear

My Car: Sorted for E's

Joined: 22 Dec 2006
Posts: 12069


Location: Somewhere, rounadabouts

PostPosted: Wed Nov 09, 2016 9:26 am    Post subject: Reply with quote

JohnC wrote:
I have never seen this happen


That is surprising, I thought people were more generous than that.
_________________
Summer's here and the time is right
For racing in the street.
Back to top
View user's profile Send private message
Chris M Wanted a V-10
Supercharged

My Car: C-Max'D, CapturD and GOK the Wok

Joined: 22 Dec 2006
Posts: 7160


Location: Captur'd by 1 5UMO near Camberley. Forum F1 champ 2011 and 2015

PostPosted: Wed Nov 09, 2016 9:28 am    Post subject: Reply with quote

Recent experience as an Executor led to this advice:
If you are going to leave money to charity, leave a prescribed amount and NOT a percentage. The charities have teams of lawyers lined up to haggle over what the "value of the estate" is, to push it up as high as possible so that they get the most cut, whereas if you leave a specified sum, eg £5000, it is so much easier to administer.
_________________
Wanted a V-10 ; settled for half a V-6
October 2012:
Back to top
View user's profile Send private message MSN Messenger
gonnabuildabuggy
Nuclear

My Car: Sorted for E's

Joined: 22 Dec 2006
Posts: 12069


Location: Somewhere, rounadabouts

PostPosted: Wed Nov 09, 2016 10:07 am    Post subject: Reply with quote

Chris M Wanted a V-10 wrote:
Recent experience as an Executor led to this advice:
If you are going to leave money to charity, leave a prescribed amount and NOT a percentage. The charities have teams of lawyers lined up to haggle over what the "value of the estate" is, to push it up as high as possible so that they get the most cut, whereas if you leave a specified sum, eg £5000, it is so much easier to administer.


Thanks, good advise and I'd heard similar.

Problems with my Mum's will and many vagaries in it (for which I suspect we could have sued the solicitor to the point of bankruptcy for neglect) meant I had to get her to re-draw it earlier this year and it now features a fixed amount to avoid such issues.
_________________
Summer's here and the time is right
For racing in the street.
Back to top
View user's profile Send private message
Bob Sacamano
Nuclear

My Car: BMW 320d M Sport Auto

Joined: 02 Jan 2007
Posts: 11884



PostPosted: Wed Nov 09, 2016 11:16 am    Post subject: Reply with quote

Chris M Wanted a V-10 wrote:
gonnabuildabuggy wrote:
Frank Bullitt wrote:
I don't have an issue with IHT at all, it's unearned wealth on behalf of the individual benefiting.


Similar. Especially given most of it is generally Capital Gain via Property value increase so not actually earned income from the deceased either.

Yes but.....
In some (a majority?) of cases, tax was paid on the money when it was earned. If you chose to spend that money, on which you have already paid tax, to buy something that appreciates, the government taxes you yet again on the appreciated value which IMHO is wrong. After all, if the government invested wisely it could also ensure that its assets appreciate, however it appears to squander its money (our taxes) instead of using it wisely


I have sympathy with this - it's double taxation. Similarly, if you take your taxed income and put in a bank account you're taxed again on the interest. They tax a gallon of petrol and then charge VAT on that tax.
Back to top
View user's profile Send private message
Frank Bullitt
Nuclear

My Car: .
View My Motor: .

Joined: 29 Feb 2008
Posts: 12848



PostPosted: Wed Nov 09, 2016 11:47 am    Post subject: Reply with quote

Chris M Wanted a V-10 wrote:
gonnabuildabuggy wrote:
Frank Bullitt wrote:
I don't have an issue with IHT at all, it's unearned wealth on behalf of the individual benefiting.


Similar. Especially given most of it is generally Capital Gain via Property value increase so not actually earned income from the deceased either.

Yes but.....
In some (a majority?) of cases, tax was paid on the money when it was earned. If you chose to spend that money, on which you have already paid tax, to buy something that appreciates, the government taxes you yet again on the appreciated value which IMHO is wrong. After all, if the government invested wisely it could also ensure that its assets appreciate, however it appears to squander its money (our taxes) instead of using it wisely


That is undermined by one fundamental element - the person who earned the increase (and paid tax on the original income that paid for it) is not the party affected under IHT - it is the hangers on who want a free lunch without having to work for it, those who inherit.
Back to top
View user's profile Send private message
Bob Sacamano
Nuclear

My Car: BMW 320d M Sport Auto

Joined: 02 Jan 2007
Posts: 11884



PostPosted: Wed Nov 09, 2016 11:51 am    Post subject: Reply with quote

I always knew children were hangers on wanting a free lunch!  
Back to top
View user's profile Send private message
Frank Bullitt
Nuclear

My Car: .
View My Motor: .

Joined: 29 Feb 2008
Posts: 12848



PostPosted: Wed Nov 09, 2016 11:56 am    Post subject: Reply with quote

The key is supporting them throughout life

Got my council tax (well, Business Rates) through for 2017-18 - £762k
Back to top
View user's profile Send private message
JohnC
Supercharged

My Car: 435D Coupe

Joined: 23 Dec 2006
Posts: 5098


Location: Scotland

PostPosted: Wed Nov 09, 2016 1:04 pm    Post subject: Reply with quote

Frank Bullitt wrote:
The key is supporting them throughout life



.......and then give them what you don't need at least 7 years before you keel over - no tax at all! (and "they" can't get at it to pay for your nursing home)
_________________
Every man is the architect of his own future.
Back to top
View user's profile Send private message
Scouse
Turbocharged

My Car: Volvo XC60/Ford Fiesta/Jaguar XJ

Joined: 22 Dec 2006
Posts: 3591


Location: Ormskirk, Lancashire

PostPosted: Wed Nov 09, 2016 1:16 pm    Post subject: Reply with quote

Frank Bullitt wrote:
The key is supporting them throughout life

Got my council tax (well, Business Rates) through for 2017-18 - £762k


It may well be naive of me, but I don't for the life of me see the point of a public institution paying business rates. It just seems a make-work exercise. Government (Central) gives money to government institution (NHS) which gives money to government (Local Council)??????
_________________
Back to top
View user's profile Send private message
Chris M Wanted a V-10
Supercharged

My Car: C-Max'D, CapturD and GOK the Wok

Joined: 22 Dec 2006
Posts: 7160


Location: Captur'd by 1 5UMO near Camberley. Forum F1 champ 2011 and 2015

PostPosted: Wed Nov 09, 2016 2:34 pm    Post subject: Reply with quote

JohnC wrote:
Frank Bullitt wrote:
The key is supporting them throughout life :wink:



.......and then give them what you don't need at least 7 years before you keel over - no tax at all! (and "they" can't get at it to pay for your nursing home)

Ah.... my dad is all for giving everything away to avoid tax, my mum is the opposite and wants to keep everything for herself.  Sadly dad is now, we believe, very close to the end and mum shows no signs of altering her wishes.

Ref earlier point(s), my aim (like my father's) would be to ensure that I provided as much as I could for my children to enjoy in their middle and later ages.  There is an awful lot to be said for financial security; job losses in the past have meant that I have been in fear of losing our home and, quite possibly, everything else on at least 2 occasions.  Knowing that it is now mine is a huge relief.
_________________
Wanted a V-10 ; settled for half a V-6
October 2012:
Back to top
View user's profile Send private message MSN Messenger
scamper
Supercharged

My Car: The Unit. Qashqai dCi. Mark 1 MX5 1.8iS. Dubber.

Joined: 08 Jan 2007
Posts: 6941


Location: Surrey

PostPosted: Wed Nov 16, 2016 3:13 pm    Post subject: Reply with quote

HM Forces household, so no direct council tax!  

I have no idea why.
Back to top
View user's profile Send private message
Big Blue
Nuclear

My Car: Alpina B5 BiTurbo Touring Nr15 (The Gorilla); Yamaha R1 (the Black Whanger); The E46 323i With No Name

Joined: 01 Jan 2007
Posts: 10861


Location: SW1. Back where I belong.

PostPosted: Wed Nov 16, 2016 6:12 pm    Post subject: Reply with quote

scamper wrote:
HM Forces household, so no direct council tax!  

I have no idea why.


You're supposed to be on a base so your council tax is paid on the basis you wouldn't pay any if you lived on the base. It's cheaper for the MoD to pay Council Tax than maintain roads, drains and public spaces to residential standards. Apparently.
_________________
Back to top
View user's profile Send private message
scamper
Supercharged

My Car: The Unit. Qashqai dCi. Mark 1 MX5 1.8iS. Dubber.

Joined: 08 Jan 2007
Posts: 6941


Location: Surrey

PostPosted: Wed Nov 16, 2016 6:50 pm    Post subject: Reply with quote

Big Blue wrote:
scamper wrote:
HM Forces household, so no direct council tax!  

I have no idea why.


You're supposed to be on a base so your council tax is paid on the basis you wouldn't pay any if you lived on the base. It's cheaper for the MoD to pay Council Tax than maintain roads, drains and public spaces to residential standards. Apparently.


That sounds about right. Not like the MoD to skimp on maintenance of living quarters!
Back to top
View user's profile Send private message
Boxer6
Twin-charged

My Car: Subaru Legacy Spec B.

Joined: 03 Jan 2007
Posts: 9172


Location: The dark recesses of my mind......

PostPosted: Wed Nov 16, 2016 7:42 pm    Post subject: Reply with quote

scamper wrote:
Big Blue wrote:
scamper wrote:
HM Forces household, so no direct council tax!  

I have no idea why.


You're supposed to be on a base so your council tax is paid on the basis you wouldn't pay any if you lived on the base. It's cheaper for the MoD to pay Council Tax than maintain roads, drains and public spaces to residential standards. Apparently.


That sounds about right. Not like the MoD to skimp on maintenance of living quarters!


If ever a 'sarcasm' smiley was needed . . .
_________________
I'll wait up in the dark

For you to speak to me . . .
Back to top
View user's profile Send private message
Big Blue
Nuclear

My Car: Alpina B5 BiTurbo Touring Nr15 (The Gorilla); Yamaha R1 (the Black Whanger); The E46 323i With No Name

Joined: 01 Jan 2007
Posts: 10861


Location: SW1. Back where I belong.

PostPosted: Wed Nov 16, 2016 10:14 pm    Post subject: Reply with quote

Yep. Definitely required.
_________________
Back to top
View user's profile Send private message
Chris M Wanted a V-10
Supercharged

My Car: C-Max'D, CapturD and GOK the Wok

Joined: 22 Dec 2006
Posts: 7160


Location: Captur'd by 1 5UMO near Camberley. Forum F1 champ 2011 and 2015

PostPosted: Mon Mar 13, 2017 10:13 pm    Post subject: Reply with quote

OK, here we go ref something posted way back when...
2017-2018 council tax bill now received for £2163.15
2016-17 was £2074.47
2015-16 was £2003.81

2010-11 was £1843.01

2005-06 was £1509.20

2000-01 was £1021.62
and the earliest full financial year I can find,
1997-98 was £754.21
(we moved into the house in Feb 1996)

So in 20 years, the council tax has all but trebled; I wish my income had done the same !
_________________
Wanted a V-10 ; settled for half a V-6
October 2012:
Back to top
View user's profile Send private message MSN Messenger
Martin
Nuclear

My Car: BMW 535d M Sport & Boxster 987.2

Joined: 22 Dec 2006
Posts: 14425


Location: Higham Ferrers

PostPosted: Mon Mar 13, 2017 11:01 pm    Post subject: Reply with quote

Mine has gone up by a bit more (£150) to £2360.
Back to top
View user's profile Send private message
JohnC
Supercharged

My Car: 435D Coupe

Joined: 23 Dec 2006
Posts: 5098


Location: Scotland

PostPosted: Tue Mar 14, 2017 9:12 am    Post subject: Reply with quote

I got mine in at the weekend. It's up by about £400 and I am sure my house is worth considerably less than yours Martin.



_________________
Every man is the architect of his own future.
Back to top
View user's profile Send private message
Bob Sacamano
Nuclear

My Car: BMW 320d M Sport Auto

Joined: 02 Jan 2007
Posts: 11884



PostPosted: Tue Mar 14, 2017 9:19 am    Post subject: Reply with quote

Chris M Wanted a V-10 wrote:
OK, here we go ref something posted way back when...
2017-2018 council tax bill now received for £2163.15
2016-17 was £2074.47
2015-16 was £2003.81

2010-11 was £1843.01

2005-06 was £1509.20

2000-01 was £1021.62
and the earliest full financial year I can find,
1997-98 was £754.21
(we moved into the house in Feb 1996)



So in 20 years, the council tax has all but trebled; I wish my income had done the same !


I bet you're not complaining that the value of your house has tripled in the same period though - and hasn't been re-banded?

For what it's worth I don't think the increases you show are too bad. We've lived in this house for 12 years and Council Tax has gone up from £1750 to £2056 for a Band E property in that time. It works out about 2% a year or something.

This year Newcastle City Council have added an extra £86 for adult social care which is seriously underfunded. I would be happy to pay double that to ensure this is funded properly - it would only work out an extra £7 a so a month - a Netflix subscription, basically.
Back to top
View user's profile Send private message
Chris M Wanted a V-10
Supercharged

My Car: C-Max'D, CapturD and GOK the Wok

Joined: 22 Dec 2006
Posts: 7160


Location: Captur'd by 1 5UMO near Camberley. Forum F1 champ 2011 and 2015

PostPosted: Tue Mar 14, 2017 9:45 am    Post subject: Reply with quote

Bob Sacamano wrote:
I bet you're not complaining that the value of your house has tripled in the same period though - and hasn't been re-banded?

It was re-banded upwards, as were all houses in the road from what I gather, about 18 months ago, followed a few months later by re-banding again, that reversed the earlier increase. I wonder how much that cost the local authority???

As to value, I was a bit shocked last year to find out that its value has gone up approx 4-fold in the time we have lived there - this is of no particulaar worth until you come to move house and as other larger houses have gone up similarly percentage-wise, it means that there is a huge gulf in price to get a house with one more bedroom in our area, like about 40 to 50% more for one more room !  Madness
_________________
Wanted a V-10 ; settled for half a V-6
October 2012:
Back to top
View user's profile Send private message MSN Messenger
Bob Sacamano
Nuclear

My Car: BMW 320d M Sport Auto

Joined: 02 Jan 2007
Posts: 11884



PostPosted: Tue Mar 14, 2017 10:42 am    Post subject: Reply with quote

Chris M Wanted a V-10 wrote:
Bob Sacamano wrote:
I bet you're not complaining that the value of your house has tripled in the same period though - and hasn't been re-banded?

It was re-banded upwards, as were all houses in the road from what I gather, about 18 months ago, followed a few months later by re-banding again, that reversed the earlier increase. I wonder how much that cost the local authority???

As to value, I was a bit shocked last year to find out that its value has gone up approx 4-fold in the time we have lived there - this is of no particulaar worth until you come to move house and as other larger houses have gone up similarly percentage-wise, it means that there is a huge gulf in price to get a house with one more bedroom in our area, like about 40 to 50% more for one more room !  Madness



Yeah but you don't need an extra bedroom, chances are you don't need as many as you have. Your house is paid for and you now have tremendous options as to what you can do or where you can live, in this country or worldwide. You have options denied to 98% of the population of this World. Wake up with a smile, mate.
Back to top
View user's profile Send private message
gonnabuildabuggy
Nuclear

My Car: Sorted for E's

Joined: 22 Dec 2006
Posts: 12069


Location: Somewhere, rounadabouts

PostPosted: Tue Mar 14, 2017 11:19 am    Post subject: Reply with quote

Bob Sacamano wrote:
Chris M Wanted a V-10 wrote:
Bob Sacamano wrote:
I bet you're not complaining that the value of your house has tripled in the same period though - and hasn't been re-banded?

It was re-banded upwards, as were all houses in the road from what I gather, about 18 months ago, followed a few months later by re-banding again, that reversed the earlier increase. I wonder how much that cost the local authority???

As to value, I was a bit shocked last year to find out that its value has gone up approx 4-fold in the time we have lived there - this is of no particulaar worth until you come to move house and as other larger houses have gone up similarly percentage-wise, it means that there is a huge gulf in price to get a house with one more bedroom in our area, like about 40 to 50% more for one more room !  Madness



Yeah but you don't need an extra bedroom, chances are you don't need as many as you have. Your house is paid for and you now have tremendous options as to what you can do or where you can live, in this country or worldwide. You have options denied to 98% of the population of this World. Wake up with a smile, mate.


This.

We have an ageing population so more demands on public services, so there needs to be an increase in taxation.

Yes, there are still plenty of efficiencies to be found but the speed of implementation is lower than the speed of increase so tax needs to go up somewhere.

Personally I'd scrap the single occupancy discount too. Too many people living in large houses they don't need and harder to provide local services too.

Frankly anyone who whinges about quality of life in this country needs to go and live in Rwanda for a week.

We are all extremely lucky just to live in this country.

The secret to happiness? Appreciate what you do have and don't think about what you don't.
_________________
Summer's here and the time is right
For racing in the street.
Back to top
View user's profile Send private message
Tim
Nuclear

My Car: is multiplying

Joined: 22 Dec 2006
Posts: 13134


Location: Over the rainbow

PostPosted: Tue Mar 14, 2017 11:27 am    Post subject: Reply with quote

gonnabuildabuggy wrote:
Personally I'd scrap the single occupancy discount too. Too many people living in large houses they don't need and harder to provide local services too.


I disagree.
Why should you pay for something based on the size of your house?

We pay the same council tax as our next door neighbours.
We have no kids, they have 2 of primary school age, our bins aren't as full as theirs, etc.

There should be a standard charge for things like street lighting, roads, etc and the rest should be based on number and age of people in the house.

Obviously I realise that's unachievable in the real world as local councils are shit at controlling anything.
Back to top
View user's profile Send private message
Bob Sacamano
Nuclear

My Car: BMW 320d M Sport Auto

Joined: 02 Jan 2007
Posts: 11884



PostPosted: Tue Mar 14, 2017 11:50 am    Post subject: Reply with quote

The Poll Tax was the fairest way of raising money for local services. For some reason people didn't like that.
Back to top
View user's profile Send private message
Mike Amos
Petrolhead

My Car: VW 1600 Variant type a 1972

Joined: 22 Dec 2006
Posts: 2228


Location: Lat, 51.879671 N. Long, 2.067170 W

PostPosted: Tue Mar 14, 2017 12:35 pm    Post subject: Reply with quote

£1060 for  a one bed flat worth about 50p.
_________________
Time was, when being a normall human being was an assett.  Or is that just an ass.
Back to top
View user's profile Send private message
Chris M Wanted a V-10
Supercharged

My Car: C-Max'D, CapturD and GOK the Wok

Joined: 22 Dec 2006
Posts: 7160


Location: Captur'd by 1 5UMO near Camberley. Forum F1 champ 2011 and 2015

PostPosted: Tue Mar 14, 2017 2:40 pm    Post subject: Reply with quote

Bob Sacamano wrote:

Yeah but you don't need an extra bedroom, chances are you don't need as many as you have.

We're family-oriented so both our daughter's bedrooms are left as theirs, with their beds and many of their possessions in them (d0n't ask about the leopards....). Oh that I could clear at least one out and turn it into a decent study ! Plus my wife would like her own study too.  Nah, we'll leave it just as it is, thank you.

Bob Sacamano wrote:
Wake up with a smile, mate.

I do  

I'm just very concerned about mum at the moment
_________________
Wanted a V-10 ; settled for half a V-6
October 2012:
Back to top
View user's profile Send private message MSN Messenger
gonnabuildabuggy
Nuclear

My Car: Sorted for E's

Joined: 22 Dec 2006
Posts: 12069


Location: Somewhere, rounadabouts

PostPosted: Tue Mar 14, 2017 3:26 pm    Post subject: Reply with quote

Chris M Wanted a V-10 wrote:
Bob Sacamano wrote:

Yeah but you don't need an extra bedroom, chances are you don't need as many as you have.

We're slushy and sentimental so both our daughter's bedrooms are left as theirs, with their beds and many of their possessions in them (d0n't ask about the leopards....). Oh that I could clear at least one out and turn it into a decent study ! Plus my wife would like her own study too.  Nah, we'll leave it just as it is, thank you.


FYP.

Tim - kids are investment in the future of the country. Good luck being cared for in your old age without someone else's children.

Given that we have fairly light wealth taxes in this country and assets largely escape taxation (e.g. inheritance tax thresholds are quite high) then a property tax is no bad thing.
_________________
Summer's here and the time is right
For racing in the street.
Back to top
View user's profile Send private message
Mike Amos
Petrolhead

My Car: VW 1600 Variant type a 1972

Joined: 22 Dec 2006
Posts: 2228


Location: Lat, 51.879671 N. Long, 2.067170 W

PostPosted: Tue Mar 14, 2017 3:48 pm    Post subject: Reply with quote

The really weird thing is that poll tax would have been reasonable if it had been thought about a bit more, I very much agree that large families should pay for their use of facilities.  Not so helpful for some of those families on reduced income though.  Perhaps there is a formula for that.
_________________
Time was, when being a normall human being was an assett.  Or is that just an ass.
Back to top
View user's profile Send private message
gonnabuildabuggy
Nuclear

My Car: Sorted for E's

Joined: 22 Dec 2006
Posts: 12069


Location: Somewhere, rounadabouts

PostPosted: Tue Mar 14, 2017 3:54 pm    Post subject: Reply with quote

Mike Amos wrote:
The really weird thing is that poll tax would have been reasonable if it had been thought about a bit more, I very much agree that large families should pay for their use of facilities.  Not so helpful for some of those families on reduced income though.  Perhaps there is a formula for that.


I agree with the principal but it's a tax that benefits the rich and penalises the poor in general. I'm not sure that's what we need right now.

The other factor is the location. The family of 3 living in 2 bed rental flat in Northampton pay virtually the same as I do with 4 people living in a 4 bed detached house 15 miles down the road. Hardly seems fair to me.

Personally I think we just need to bite the bullet and put taxes up, especially if Brexit causes wage inflation due to rising costs of living and reduction in the labour pool.
_________________
Summer's here and the time is right
For racing in the street.
Back to top
View user's profile Send private message
Tim
Nuclear

My Car: is multiplying

Joined: 22 Dec 2006
Posts: 13134


Location: Over the rainbow

PostPosted: Tue Mar 14, 2017 4:37 pm    Post subject: Reply with quote

gonnabuildabuggy wrote:
Tim - kids are investment in the future of the country. Good luck being cared for in your old age without someone else's children. .


Fair point. It'd all end up being too complicated for the average council to deal with.


gonnabuildabuggy wrote:

Personally I think we just need to bite the bullet and put taxes up, especially if Brexit causes wage inflation due to rising costs of living and reduction in the labour pool.


Communist    
Back to top
View user's profile Send private message
TreVoR
Nuclear

My Car: Probably Broken

Joined: 19 Feb 2008
Posts: 12589



PostPosted: Tue Mar 14, 2017 4:46 pm    Post subject: Reply with quote

gonnabuildabuggy wrote:
Chris M Wanted a V-10 wrote:
Bob Sacamano wrote:

Yeah but you don't need an extra bedroom, chances are you don't need as many as you have.

We're slushy and sentimental so both our daughter's bedrooms are left as theirs, with their beds and many of their possessions in them (d0n't ask about the leopards....). Oh that I could clear at least one out and turn it into a decent study ! Plus my wife would like her own study too.  Nah, we'll leave it just as it is, thank you.


FYP.

Tim - kids are investment in the future of the country. Good luck being cared for in your old age without someone else's children.

Given that we have fairly light wealth taxes in this country and assets largely escape taxation (e.g. inheritance tax thresholds are quite high) then a property tax is no bad thing.


Marvellous idea - not. I already pay Corporation Tax on my profits and take a reasonable amount to live on which doesn't leave anything much left over. I pay tax on that too, of course. There wouldn't be anything left to pay a wealth tax on my company assets.  May as well sell the lot and sod off abroad.  I would have to put my rents up considerably to cover it which would cause hardship to the small businesses that I rent to.
Back to top
View user's profile Send private message
JohnC
Supercharged

My Car: 435D Coupe

Joined: 23 Dec 2006
Posts: 5098


Location: Scotland

PostPosted: Tue Mar 14, 2017 4:56 pm    Post subject: Reply with quote

gonnabuildabuggy wrote:

Personally I think we just need to bite the bullet and put taxes up, especially if Brexit causes wage inflation due to rising costs of living and reduction in the labour pool.


I agree with that and would have much more respect for the Government if they had a proper tax overhaul. Tax and NI need to be amalgamated in some way or NI rates need to come down to a level where they are not worth avoiding (c5%?) and tax rates need to go up. One of the biggest problems in the tax system is the level of NI and in particular employer's NI at 13.8% which just distorts the behaviour of taxpayers and makes them incorporate when they would otherwise remain self employed. It also makes "employer's" engage agency staff or subcontractors to keep the NI cost down.

Falling Corporation Tax rates also lead to more desire to incorporate which again will costs the Treasury money although it perhaps makes us a more attractive option to large foreign companies.
_________________
Every man is the architect of his own future.
Back to top
View user's profile Send private message
gonnabuildabuggy
Nuclear

My Car: Sorted for E's

Joined: 22 Dec 2006
Posts: 12069


Location: Somewhere, rounadabouts

PostPosted: Tue Mar 14, 2017 5:37 pm    Post subject: Reply with quote

TreVoR wrote:
Marvellous idea - not. I already pay Corporation Tax on my profits and take a reasonable amount to live on which doesn't leave anything much left over. I pay tax on that too, of course. There wouldn't be anything left to pay a wealth tax on my company assets.  May as well sell the lot and sod off abroad.  I would have to put my rents up considerably to cover it which would cause hardship to the small businesses that I rent to.


My point was that council tax as it stands is a manageable wealth tax. I'm not suggesting that assets are taxed, that is a disenctive to invest.

Whilst inheritance tax thresholds are £325K/£650K then in the modern times the quickest way to be wealthy is to have wealthy parents. The rich are getting a lot, lot richer and those who start with nothing are having to work hard to match it.

My mum's own inherited wealth and my Dad's pensions are likely to give me something close to 25 yrs earnings on average wages (and that's after taxation) and I'd not class my parents as especially rich though canny with money.

The only downside is that this wealth comes when it's getting late to enjoy it and care home fees might eat into it a bit.

To paraphrase from the earlier comments of Bob and myself. I'm lucky to have been born in this country. For their many failings I'm even luckier to have been born to the parents I was.
_________________
Summer's here and the time is right
For racing in the street.
Back to top
View user's profile Send private message
TreVoR
Nuclear

My Car: Probably Broken

Joined: 19 Feb 2008
Posts: 12589



PostPosted: Tue Mar 14, 2017 7:28 pm    Post subject: Reply with quote

Fair enough. I don't mind Council Tax as such, as it pays for local services. I do think a lot is wasted though.  I can't even remember why so many people objected to the poll tax - I was too young. It seemed a fairer system though on the face of it.

I object to taxing assets. They do in Spain. Council tax was very low though and was paid separately to the annual wealth tax on the value of the property we owned.

You also pay a wealth tax on bank balances over a certain amount which gave me a shock when it was taken out of my account!  It wasn't a lot but it made me ask the question.
Back to top
View user's profile Send private message
Chris M Wanted a V-10
Supercharged

My Car: C-Max'D, CapturD and GOK the Wok

Joined: 22 Dec 2006
Posts: 7160


Location: Captur'd by 1 5UMO near Camberley. Forum F1 champ 2011 and 2015

PostPosted: Tue Mar 14, 2017 10:19 pm    Post subject: Reply with quote

TreVoR wrote:
I can't even remember why so many people objected to the poll tax - I was too young.

1. Thatcher lied when she introduced it;
2. Many tenants of council/Local Authority-owned properties, notably in Scotland, did not pay "Rates" so they suddenly found themselves paying a new and very onerous tax

Ref (1) above, Thatcher said that (in England) no household that currently paid rates would end up paying more than £5 a week extra under the Poll Tax.... we did - I appealed based on Thatcher's statement but the council responded saying that "it was all lies" and we were not entitled to any transitional relief. This was at a time not long after we were married and money was quite tight, so the extra tax of around £300 per year that we were forced to pay under the Poll Tax was noticeably demanding on our finances at that time.


_________________
Wanted a V-10 ; settled for half a V-6
October 2012:
Back to top
View user's profile Send private message MSN Messenger
Display posts from previous:   
Post new topic   Reply to topic    The Motor Forum Forum Index -> General All times are GMT + 1 Hour
Page Previous  1, 2, 3  Next
Page 2 of 3

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum

Card File  Gallery  Forum Archive
Powered by phpBB © 2001, 2005 phpBB Group
Create your own free forum | Buy a domain to use with your forum