Private schools, times a changing?
Discussion
p1stonhead said:
Shadow education secretary said on the radio this morning it’s one of their first things on the list in the coming few weeks
I can see it grinding to a halt when they finally do write down a single policy on anything in an official manner. Anyway, sounds like it will barely affect me fiscally, waste of everyone’s time. Big wealthy schools which contain the most kids on bursaries and have the best facilities that the public get a use of will easily weather it and bin most of the benefits to the common man that voted against it.
It’s hilarious really.
If this does happen, my story so far is one of getting out just in time. I was in the last batch to receive a full student grant at Uni. and I managed to educate my children VAT-free.
My children are talking in terms of not remaining in this country (sad but true) so my grandchildren are unlikely to be affected.
My children are talking in terms of not remaining in this country (sad but true) so my grandchildren are unlikely to be affected.
Vixpy1 said:
Wait until the civil service gets hold of the legislation :lol:
Done in days now they're all back at work as the Tory scum stopping them from doing their jobs are finally gone. 
Labour need the money and I think they'll bang this one through asap before others can put a challenge of merit up.
DonkeyApple said:
Vixpy1 said:
Wait until the civil service gets hold of the legislation :lol:
Done in days now they're all back at work as the Tory scum stopping them from doing their jobs are finally gone. Labour need the money and I think they'll bang this one through asap before others can put a challenge of merit up.
Louis Balfour said:
DonkeyApple said:
Vixpy1 said:
Wait until the civil service gets hold of the legislation :lol:
Done in days now they're all back at work as the Tory scum stopping them from doing their jobs are finally gone. Labour need the money and I think they'll bang this one through asap before others can put a challenge of merit up.
Labour Envy Tax 1. I wonder what else is coming….
Rob 131 Sport said:
Louis Balfour said:
DonkeyApple said:
Vixpy1 said:
Wait until the civil service gets hold of the legislation :lol:
Done in days now they're all back at work as the Tory scum stopping them from doing their jobs are finally gone. Labour need the money and I think they'll bang this one through asap before others can put a challenge of merit up.
Labour Envy Tax 1. I wonder what else is coming….
Vixpy1 said:
Rob 131 Sport said:
Louis Balfour said:
DonkeyApple said:
Vixpy1 said:
Wait until the civil service gets hold of the legislation :lol:
Done in days now they're all back at work as the Tory scum stopping them from doing their jobs are finally gone. Labour need the money and I think they'll bang this one through asap before others can put a challenge of merit up.
Labour Envy Tax 1. I wonder what else is coming….
ClaphamGT3 said:
I think that we can also expect to see some form of annualised wealth tax on any residential property with a value over £1m
That's why I think they'll do a rebanding of F and above. G is a pretty big catch all but everyone inside a G banded property is evil, planet killing scum that only elevated taxation can defend the masses from. That would allow for an extra 0.5-1% annual tax to be levied in the name of the environment. It would also heavily target the SE where the most terrible of people reside. To be honest the bands do need reworking as G&H are pretty nonsensical after the massive property asset ramp of the turn of the century but it's an ideal opportunity to get some proper wealth taxation in there.
Swervin_Mervin said:
FishAndChips said:
At least they have now pledged to use the money raised from charging VAT on private schools to pay for these 6.5k extra teachers. Can't argue with that.
When they can't retain the ones they have how do you go about securing 6.5k extra?DonkeyApple said:
ClaphamGT3 said:
I think that we can also expect to see some form of annualised wealth tax on any residential property with a value over £1m
That's why I think they'll do a rebanding of F and above. G is a pretty big catch all but everyone inside a G banded property is evil, planet killing scum that only elevated taxation can defend the masses from. That would allow for an extra 0.5-1% annual tax to be levied in the name of the environment. It would also heavily target the SE where the most terrible of people reside. To be honest the bands do need reworking as G&H are pretty nonsensical after the massive property asset ramp of the turn of the century but it's an ideal opportunity to get some proper wealth taxation in there.
The simple method would be existing council tax (proceeds going to council) then a ‘super tax” of say 1-2% of value above £1m with the proceeds going straight to HMT. So if you live in a £5M house in Westminster, you’re about to get a big bill.
brickwall said:
The simple method would be existing council tax (proceeds going to council) then a ‘super tax” of say 1-2% of value above £1m with the proceeds going straight to HMT. So if you live in a £5M house in Westminster, you’re about to get a big bill.
There will be working people in £1m houses, earning less than 100k & where are they going to find £20k from to pay that?GT03ROB said:
There will be working people in £1m houses, earning less than 100k & where are they going to find £20k from to pay that?
The same can be said all the way up to £3-4m plus really. It would be mental to do that without some kind of lever to protect people that had either been there f
king ages or people that just bought. I’ve just bought a house and there isn’t that amount of slack in the budget unless I want to not save for my future. GT03ROB said:
brickwall said:
The simple method would be existing council tax (proceeds going to council) then a ‘super tax” of say 1-2% of value above £1m with the proceeds going straight to HMT. So if you live in a £5M house in Westminster, you’re about to get a big bill.
There will be working people in £1m houses, earning less than 100k & where are they going to find £20k from to pay that?So if you’re in a £1.2M it’d be (£1.2M - £1M)*(1%) = £2k/yr
It only really starts to sting at £2M above, at which point the political narrative is “we’re asking multi-millionaires to pay a few thousand extra”
brickwall said:
That’s why they’d set a base threshold of £1M.
So if you’re in a £1.2M it’d be (£1.2M - £1M)*(1%) = £2k/yr
It only really starts to sting at £2M above, at which point the political narrative is “we’re asking multi-millionaires to pay a few thousand extra”
It’s the most insidious form of taxation. The houses I’ve bought have come from earned income on which I’ve paid the highest levels of tax. And then I’ve paid stamp duty bills running into hundreds of thousands of pounds. All of which is ok, and priced into my affordability calculations at the time. It’s egregious to come along after the event and now say “it’s only fair you pay £xx,000 more every year”. There’s just no basis for it, other than the simple minded “you’re rich, we’ll have your money”, totally disregarding the tax contribution made to get to that point.So if you’re in a £1.2M it’d be (£1.2M - £1M)*(1%) = £2k/yr
It only really starts to sting at £2M above, at which point the political narrative is “we’re asking multi-millionaires to pay a few thousand extra”
brickwall said:
GT03ROB said:
brickwall said:
The simple method would be existing council tax (proceeds going to council) then a ‘super tax” of say 1-2% of value above £1m with the proceeds going straight to HMT. So if you live in a £5M house in Westminster, you’re about to get a big bill.
There will be working people in £1m houses, earning less than 100k & where are they going to find £20k from to pay that?So if you’re in a £1.2M it’d be (£1.2M - £1M)*(1%) = £2k/yr
It only really starts to sting at £2M above, at which point the political narrative is “we’re asking multi-millionaires to pay a few thousand extra”
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