Reeve an unstoppable force or a puppet?

[justasking111]

I honestly can't decide if she's ploughing her own furrow regardless of the views of other MPs, Starmer can't interfere because of other turmoil.

Or whether Starmer is settling her up for a fall.

It's really perplexing.

And this. We do actually need people to take the risk and start companies, and then they could take people on

It all helps grow the tax receipts

Well, my brother was renting a flat quite happily (for nearly a decade) until the labour government and associated whispers/"scaremongering" scared the bejesus out of his landlord and she put the flat up for sale. She was a perfectly good landlord - not rich, but had bought this cheap little flat with inheritance - it gave her a decent little income and my brother a decent home. She lives right by the flat, in a modest property. There are lots of landlords like this and scaring them off has done no favours to any of us. The shit landlords with 100 mould infested properties are still chugging along quite happily.

So I do feel very negatively about this government and the very real consequences that some have already faced.

They did this in Wales. All the nice little landlords panicked and sold up. The overseas landlords poured in from, German, Netherlands, middle east and Israel.

Try taking these awful landlords to court.

Our council in Wales are housing people thrown out in England. 🙄

You can't see the wood for the trees.
Yes I admit that we started off paying minimum wage, and topped up with divis and took advantage of the lower tax (thanks to Gordon Brown).
I feel absolutely no shame because I took as little as possible and I did it to make sure the business survived, and eventually grew. We now have employees who all pay tax.

Most businesses start like that. That's why the incentive is so important. Of course there will be some who abuse the system, but it's worth the risk to give small businesses the chance to grow. As for the 'person who does plumbing in a small town' you referred to in a pp, would you prefer him to fold and go and work at amazon? Or would you prefer him to keep going and take on an apprentice in the future? I know which option I'd prefer.

Bloody hell.
£4 out! You tax avoiding scoundrel you!

This is bizarre. Employers utilise tax loop holes to avoid paying tax and that's OK because you now have employees that pay tax due? And now you are upset these loopholes may be closed, not for yourselves of course, but for the government? We need to retain tax loopholes to incentivise employers (for the good of employees and the government). Bollocks.

This is exactly what is wrong. Utilising a tax loop hole is tax evasion dressed in legal clothing.

It's all less income to the treasury.

This justifies searching for tax evasion elsewhere where it is rare and there are no tax solicitors. - like the disabled receiving PIP.

Which ‘tax loop hole’ are you talking about?

Taking dividends of x amount and paying a lower level of tax on that income than would have been paid if they were higher tax payer income.

I also used to work for solicitors with a tax specialist and know what games are played. My boss used to set up companies in the cayman isles for his rich clients to buy property via the company to avoid tax. It's a different world.

Liebour. Very edgy and clever. 🙄

The bill for renting reform is already available in draft so I'm not sure what the 'whispers' are.

The big reform is abolishing S21 but the Tories were committed to that too.

@Bromptotoo Do you know what a Draft Bill is? It’s one that will go out for consultation. This could be to interested parties and Select Committees in the Commons and Lords. As Labour has only been in for a few months, I think this Bill is in the House of Lords stage which means it could be amended.

One thing that’s absolutely guaranteed is there will be unintended consequences. Most likely reduced properties to rent and higher rents. It’s very onerous for the small landlord who worries about getting the property back.

I have great sympathy with people who take risks and employ people. DH had 120 employees and it’s a worry. He paid huge taxes because they were a partnership. However it needs regulation in terms of what is a salary and what is dividends and taxed as corporation tax. If there were clear rules it would not be abused as much as it is now. Investing in your own business is perfectly normal. Cheaper than loans.

Don’t forget CT. Say a plumber has a profit of £60k they will stump up the 20% on that profit before the dividend tax. So it’s not that far off income tax

You need people to start up companies so they might employee people

Always think of the smallest before landing new taxes as we need them to grow

The whispers relate to taxing landlords more. There are groups trying to make landlords pay the council tax instead of the tenant etc

@TizerorFizz of course I know what the word draft means. Changes can be made before the actual Bill is laid and it might even be amended during its passage.

TBH I've some sympathy with landlords. We've learned nothing from history and have reached a situation where a massive part of the nation's housing stock is in the hands of individuals. Some are professional and responsible; some are not.

A bit like with pension funds in the nineties landlords are at risk of being caught at the confluence of multiple changes/costs. Each them some justification but taken together the medicine is at risk of killing the patient.

@Bromptotoo Ok. I thought you were echoing the “oven ready” Johnson position. So in effect, it could still be amended.

It is a mess all round. Landlords are selling as they aren’t running a business. They just let out the odd investment property. However if selling becomes impossible, or very expensive to execute, landlords pull out. I have no sympathy with poor landlords. However if there’s insufficient homes being built to rent, this bill will not help solve supply and demand. It’s ok if you already have a property you rent, but a shrinking rental stock does not help new renters. I agree with your analysis.

My son lived in Bermuda for a few years. The companies whose apparent head office were there, think post office boxes rather than buildings. A friend said many British politicians and famous names had a box including a past prime minister, who flew in for meetings. This was after his resignation not during his time in office though.

I'd mention debentures but I think this probably isn't the thread.