What would win your vote?

[Mr. Dazzle]

It'd make more sense to raise the state pension age a lot. Or make people die sooner. That might be a difficult sell.

[Yambo]

It's not, a lot of our ageing population are rich because of house price inflation meaning that younger peoples chances of ever getting on to the housing ladder are greatly reduced in comparison.

Owning a house that has gone up in value does not make you rich.

HTH

[Ditchfinder]

Get rid of the Triple lock pension increase or limit it in such a way as when one of the metrics is as big an outlier as inflation currently is it can not be so far in excess of the other two.

Increase inheritance tax rates for bigger estates

Oh yeah, so I work my bollocks off all my life, serve my country, then take risks other people wouldn't, get paid well, save and buy a nice house to leave to my kids, then they get taxed to fuck on my estate to give away in hand outs.

And to add insult to injury you want to limit my state pension to below inflation even though I've paid NI all my life and not lived in the UK or used any of it's services for over two decades.

Cosmic.

How about culling some moaning poor people, then you wouldn't need my money so much.

The triple lock was only introduced in 2010 so it wasn't something you were promised when you started out in your working life.

My inheritance tax comment was aimed at estates with multi million valuations. If you fall into that category then paying an extra 10% on whatever is in excess of say £2 million shouldn't really worry you.

I get the impression you are ex armed forces so
1. I'm not picking a fight with you
2. You living outside of the UK and not benefitting from it's services was a career choice

[Count Steer]

It'd make more sense to raise the state pension age a lot. Or make people die sooner. That might be a difficult sell.

Yup. The figures on ageing population are a bit stark. Add in the amount of £'s that are locked away in retirement savings and expected to gain interest and it gives quite an imbalancing effect on the economy. (There's a really good in depth feature on this in a recent Economist, it's a bit for places like Japan and South Korea but places like China have a similar problem building up as the population ages/lives longer and birth rates stay low).

You do feel that if anything is ever to be done you'll have to forfeit your vote when you draw your state pension.

[Mr. Dazzle]

Televised death matches

[cheb]

The compulsory serving of asparagus at breakfast.

But do we have to eat it?

Yes, and you can't have any pudding until you have done.

[Count Steer]

It's not, a lot of our ageing population are rich because of house price inflation meaning that younger peoples chances of ever getting on to the housing ladder are greatly reduced in comparison.

Owning a house that has gone up in value does not make you rich.

HTH

True. Houses do seem to be a bit of a special case with people though. If you consider your property as part of your investment portfolio, you get taxed on the profits on almost everything else in it (except for a few special, limited, things like ISAs) so it does raise a ? about why houses should be different? (Even if the tax is effectively levied when you die).

[Mr. Dazzle]

Then people need to pay more NI. Arithmetic cares not 'ow 'ard workin' you were.

[Ant]

Second homes should be taxed at 200%+
Your primary home at 0% forever.

I can't have it, so I don't want anyone else to have it.

[Yorick]

Second homes should be taxed at 200%+
Your primary home at 0% forever.

I can't have it, so I don't want anyone else to have it.

I could have a dozen houses if I wanted, but I don't believe in BTL.
Houses are for families to live in, not for people to make money off.

All our tenants were very happy. Always charged fair rates and maintained them well.
We didn't need to make money from them. The property appreciation was our winner.

[Yambo]

We didn't need to make money from them.

But you did make money from them, yes?

[Gregor]

I could have a dozen houses if I wanted, but I don't believe in BTL.
Houses are for families to live in, not for people to make money off.

Amen to that

[cheb]

Anyone who suggests an inheritance tax should have to produce their accounts so as to make sure that if they dropped dead tomorrow their estate would be liable for it at the highest band.

For every new law passed one, or maybe two laws have to be repealed.

[KungFooBob]

I'd vote for anyone with good skills. You know like nunchuck skills, bow hunting skills, computer hacking skills.

[v8-powered]

The compulsory serving of asparagus at breakfast.

I love asparagus but makes my piss smell odd....

[Ant]

Second homes should be taxed at 200%+
Your primary home at 0% forever.

I can't have it, so I don't want anyone else to have it.

I could have a dozen houses if I wanted, but I don't believe in BTL.
Houses are for families to live in, not for people to make money off.

Mmmm hmmm.

[cheb]

Second homes should be taxed at 200%+
Your primary home at 0% forever.

I can't have it, so I don't want anyone else to have it.

I could have a dozen houses if I wanted, but I don't believe in BTL.
Houses are for families to live in, not for people to make money off.

I stopped at four. If I wanted more property I'd have to sell them and buy a hotel.

I agree with you BTW. I do have a rental property but it's only rented to locum doctors, sometimes for the night, sometimes for a year. Finding them somewhere to stay in winter was easy but in the summer it was very difficult.

[Trinity765]

Unlimited free clutches for all Triumph motorcycles!

[Count Steer]

Somewhere along the line it seems to have been forgotten that the people paying the tax are the inheritors who, while the parents may have worked hard, paid their taxes etc etc etc, may well have done absolutely nothing. So, Lord Chalmondeley-Wetwipe pegs out and young Wetwipe expects a tax-free fortune to drop in his expensively clad lap as a reward for doing....absolutely nothing. I can see why he would but if he'd got stuck in and earned a few bob he'd have enough to pay the duties.

Looked at another way, if you leave a house worth £1m the spawn can effectively buy it for £200k or sell it and make £800k. Not a bad problem to have.

(Of course, if you've set up the right trusts, none of the above applies. Tax is for poor people ).

[cheb]

A sliding tax scale depending how you earn your money? Based on the Golgafrinchan ark categories?