Owning your own home

It has said that at times you feel that BC and HB/NHBC are in cahoots so dangle a carrot sign away to get the property finish.

I dont know which of the developers are bad but we are seeing an increase of development here in the midlands and surrounding.

and if you do proceed make sure everything works - a relative of new is renting a new build and somehow they managed to forget connecting up the inbuilt fridge/freezer

Lol I actually thought about that

@dbr glad to hear you're already dreaming about this very important gap in the market

add kitchen roll holder to the list too

Rocket van.
Elephant and castle but maybe give them a call.

It has said that at times you feel that BC and HB/NHBC are in cahoots so dangle a carrot sign away to get the property finish.

Especially when it's NHBC signing off on the building control certificate.

Yep indeed. Well there’s more to come looking at the stuff I’m receiving.

The big hotspots are Gloucester Worcester and parts of Shropshire at the m
Oh and Telford

So if anyone wants to move try those places lol

Reckon Sunak might remove the CGT exemption from selling your primary residence? Looks like he's going to align the rates with income tax, and he's investigating options around how to generate significant tax receipts from CGT in general.

If we had to pay (for e.g.) 40% tax on the money from the sale of our flat it would certainly put a new complexion on things.

Although would it be the difference between what you paid and what you sell it for? That'd be far less painful.

Late to the question but our neff does this

I think if that happened the housing market would screech to a halt within weeks.

Think you pay equivalent of CGT on any profit you make here in Sweden. Seems fair to me, imagine it would be huge uproar if they tried it in the uk.

They would have to sack off stamp duty if they put CGT on resi

Also nobody would improve their property

Wouldn’t be a win

Reckon Sunak might remove the CGT exemption from selling your primary residence?

Not a chance. He'd be crucified by the right wing press and his own party if he even thought about it.

If they did remove the primary residence CGT exemption it'd be paid on profit, e.g.:

Sale price - £700k
Initial purchase price - (£500k)
Renovations - (£50k)
Profit on sale - £150k @ 28% tax = £42k

I can't see this happening tbh. I'm all for taxing unearned capital appreciation but all this would do is stop people selling.

Also this.

Yes but accounting for all of that is a bastard so it wouldn’t happen like that.

Hey builder mind adding £100k to that bill? Sweet

Just gotta add on all the things I can possibly claim as a renovation expense.... list of 20,000 expensible things to chose from...

Lol imagine doing the tax receipts there would be some corkers!

I’d deffo be commissioning £300 bog roll holders

There would no doubt be an exemption for multiple properties held in a portfolio.

Because Tory corruption.

Well, they’ve ruled out austerity v2, they have a massive debt problem, Brexit is going to hammer tax revenues, so the other option is raising income tax on lower income workers.

Or use the recession as an excuse for the BoE to print a fuckton of new money and buy government bonds. It's not as though inflation is going to be something to worry about for some time.

It wouldn't stop the housing market, people move for all sorts of reasons that are nothing to do with capital appreciation.

Or use the recession as an excuse for the BoE to print a fuckton of new money and buy government bonds. It's not as though inflation is going to be something to worry about for some time.

I'm far from an economist, but- we're going to lose another 10 to 15% of the value of Sterling by January, making the price of imports higher, plus we'll be paying tariffs on what we import which will push the price of most things up, whilst at the same time our farmers will be going bust due to losing the CAP funding and their export markets at the same time.

I'd have thought that inflationary pressure is going to be high?

Would've thought you'd be all over Arne Jacobsen...

Well obviously.

I'd normally say that turkeys don't vote for Christmas but then four years ago a large number of turkeys did just that. For some reason even though we are now lining up outside the abattoir a large number of these metaphorical turkeys are still harping on about how wonderful it's all going to be once we step through said door.