Council tax & stamp duty reform

[PeonyPatch]

Who is in favour of this policy?! I think I might be…

Easy luxury opinion to hold if you do not need to find a rental to live in. Rented mine for years at low rent to people who had been turfed out of their tied accommodation while they waited for years for a council house to become available. Wouldn’t risk that under this government.

It’s perfectly possible to make a far better ROI in non property investments, with plenty of tax breaks and shelters via ISAs. The difference is you can’t leverage yourself to the hilt with a BTL mortgage.

This is the government of the day making policy to modify behaviour, like all governments do. Only a fool would stubbornly refuse to modify their investment strategy in response to that.

Somehow I doubt you are a renter or on the side of those who rent. A rental market dominated by poor quality amateur landlords is not good for anyone.

I have just explained was in it for years, not ‘leveraging’, providing a home to people who were languishing on an endless LA list.
You may hate ‘amateur’ landlords, as does this government, clearly, but taking actions that reduce the amount of rental housing will hurt working people, not the landlords.

This is probably an example of why it needs reform.

Our house is worth less than half yours but our council tax is £2240.

DefLeppnard’s screenshot says it would apply only to owner occupied properties. So rental properties wouldn’t be part of the equation.

There's a different section of the report for rentals. The owner would be charged and therefore the end of single people discounts too.

So their house is priced/worth double because of where it is, but why should they pay more for council services when it is the same services in the country - bins, roads, social care. It's back to the thinking that those with a higher value home should pay more taxes to subsidise those that don't

Council tax is intended to be a tax on the value of property. As was the General Rate before. In theory it's progressive. However the failure to update property values actually means it's regressive.

It was the idea that everybody should pay the same for the same services that gave up the Poll Tax.

We live in an area with an unusually high number of retirees, the level of our council tax reflects that. Because social care is the biggest cost for local authorities, council tax will always be determined by demographics.

Possibly, councils have added extra amounts for Social Care but there is central funding for it too.

Social Care reform is just as grossly overdue as that of Council Tax.

How would you reform social care? That’s a genuine question by the way.

agree. My partner and I live in a 3 bedroom home because we are trying to start a family yet our council tax bill is £2-£3k a year to collect our bins
and obv pay towards adult and child social care as that’s the biggest expenditure but we don’t see the benefit of that. I feel we are being completely ripped off. We also pay a maintenance charge for our road as the council didn’t bother adopting it!!! Con!!

agree. My partner and I live in a 3 bedroom home because we are trying to start a family yet our council tax bill is £2-£3k a year to collect our bins
and obv pay towards adult and child social care as that’s the biggest expenditure but we don’t see the benefit of that. I feel we are being completely ripped off. We also pay a maintenance charge for our road as the council didn’t bother adopting it!!! Con!!

https://www.independent.co.uk/news/uk/home-news/cost-living-bills-tax-finances-b2776704.html

council tax was cited. !!

No
I dont
More taxes when there’s no focus on reducing expenditure is a slap in the face of workers and savers
It will hit student rentals as they’ll have their rent raised by landlords who will now be liable

Paying stamp spread over a lifetime when you’re young means this is just another lifetime tax

The hardest hit will be those on London and the SE

Movement at the top end of the housing market will stagnate and families will struggle to find larger properties
etc
etc
etc

[ there’s a few threads on this and lots of interesting information and discussion on them too ]

Of course adult social care is for all people who are adults ie 18 plus

Agree all adult social care needs reform

and lead to an increase in rents
particularly student let’s as they are currently exempt

Given Student loans don’t currently cover rent and life those loans will definately have to go up meaning more Student debt and an even more reduced chance of them ever being able to pay them off in their working life. Meaning students retiring with pensions still paying off student loans
and on and on it goes

Its all crap and typical of Labour

Oh feel free to share the other threads x

But how many bedrooms are these properties.
@SunnyPrague
Should it be based on service usage rather than property value

Agree @LadyWalters with your thoughts on usage should determine charge

I’ll do screen shots

The Part Two thread also has a Part 1
and
Theres some discussion on the threads
‘Labour isn’t working- Thread 5’

How would you determine charge based on usage?

Oh yeh I’ve been reading the CGT one

If usage determined the charge we might as well ditch adult and child social care. A family with a disabled child(ren), or an elderly person who finds they need round the clock care, or a person who has always had a severe learning difficulty and lives in supported accommodation and has never been able to work, isn't suddenly going to be able to pay a load of extra tax.

Bedrooms
Whether they are occupied or not
Updated with extensions through alerts to HMRC from BControl / or planning if needed