Rip-off Government

[Jezer]

Not long ago this discredited government talked about rip-off Britain, when they are the biggest load of crooks going. In 1999 I bought a house with my girlfriend, paying stamp duty which I accept is normal. We are now splitting up and I find I must pay stamp duty again on the settlement I am paying her for her share. NOTE - I am not moving from the house! She is buying a flat and of course is paying more stamp duty on that. That's three lots of stamp duty on one lot of money for fcuks sake!! They must be got rid of!

[Dazren]

The biggest con of ripoff britain is the government.

It's not in their interest to bring down ripoff prices. The exchequer benefits from the ripoffs through higher VAT receipts.

Two faced cnuts, all of em...

DAZ

[Toffer]

Jezer, don't sell the house, wait a couple of months, then get the old woman back in the house with you and rent her flat?

No singles bars...no blind dates...no being nice to strange women and more money for

Problem solved?

[kevinday]

ERm, How about you 'buy' the flat but register it (and the mortgage) in her name?

[gnomesmith]

Stamp duty was introduced, as a temporary measure, to fund the Napolionic war, some of you might remember my contribution to the thread at that time.

Should be removed soon!

Oh yeah!!!!!!!!!!!!!!!!!!!!!!!!

[JohnL]

Thought that was income tax?
Or was that a different war?

[Whoozit]

quote:
Thought that was income tax?
Or was that a different war?

Deffo income tax. I think it was 2p in the pound or something outrageous.

I find three taxes completely incomprehensible: income tax on pension income, capital gains, and inheritance. The first one removes a burden from the state - given people an incentive, please. The second is the state benefiting from someone else's entrepreneurial success or blind luck. The third is money that has ALREADY been taxed two or three times.

[gnomesmith]

Blame Pitt for income tax.

Stamp duty was introduced at roughly the same time as fenestration tax although stamp duty had a different name then, if you visit the Wellington Museum you can see (could see) the dispatches leading up to the imposition of the tax. Both war measures, fenestration tax was later abolished but not stamp duty.

I believe Income tax, again temporary, was introduced to restore the coffers depleted by the war not to actually fund the war. If the Americans had done the same after the Gulf War that really would have been a stealth tax.

[scottster]

I have two flats and am moving but 'having' to sell both simply to avoid capital gains tax. If I sell it now, nothing to pay. If I wait till I've got the new one I'll have to write Mr Brown a cheque for £32,000. Shame, I'd quite liked to have kept it :frown:

[JonRB]

quote:I have two flats and am moving but 'having' to sell both simply to avoid capital gains tax.

I wouldn't sell them - I'd rent them out. Good income to be had from renting out property, and if you go through a good letting agent you shouldn't have to do a lot as a landlord apart from watch the cheques come in. Nice little earner.

>> Edited by JonRB on Friday 30th August 11:50