Tuesday, 21 April 2015

The search for the elusive Poor Widow warms up

Via MBK, from The Times:

Of the 97,000 [homes worth more than £2 million] that would be subject to the levy, a third have been owned for more than ten years, including 19,000 owned for more than 20 years and 10,400 owned for more than 30 years.

7 comments:

Random said...

This does not make any sense. The longer someone has been in the house, the more saved in rent.

Mark Wadsworth said...

R, good one. I did some workings once that anybody who bought more than 15 years ago is cash positive as a result. And that's ignoring capital gains, which are only on paper.

Bayard said...

Mylene Klass thinks she knows enough to use as a human shield.

Mark Wadsworth said...

B, I refer you to Ben Elton's comments.

Ben Jamin' said...

PWIM's are not an argument against the proposal, as any changes to property taxes will only adversely affect current owners of said mansions. Not future ones.

PWIMS are therefore only a transitional issue, and how that is dealt with is an entirely separate topic from the merits/de-merits of LVT, Mansion Tax etc.

Once you let them conflate these two issues, you are on the back foot.

Don't give them an inch. Ever.

mombers said...

How many private renters have the luxury of having lived in the same place for 10 years??? Especially those that are hard working and tax gouged, which you have to be to afford rents in any decent area.

Bayard said...

"How many private renters have the luxury of having lived in the same place for 10 years???"

The fact that the answer to that question is "not many" shows what a bollocks we have made of the tenancy arrangements in this country.