Buying a house..., GRRRR Options

[motormad]

You bumder.

I had thought of that. But while it may be very difficult I would not like to be financially tied to a house with a woman. All of those pound coins...

But yes, to have my own house on my own would be nice.
I can't live for free anywhere, I can't move in with my Mum again. Something to do with her pension or something.
Or maybe she hates me.

[JeffG]

I can't move in with my Mum again. Something to do with her pension or something.
Or maybe she hates me.

I'm sure she still loves you (somebody has to ), but she would lose her single-occupancy council tax rebate if you moved back in. Maybe that's what you're thinking of.

[Strafin]

Move back and don't tell anyone then!

[x2lls]

Move back and don't tell anyone then!

Which is another way of avoiding tax?

[JeffG]

Move back and don't tell anyone then!

Would you deliberately lie on the form that has to be filled in each year, then, to keep the discount? I think that might be a criminal offence.

[Strafin]

Whoa, not me no. I also don't turn left out of the BP garage!

[JeffG]

Of course not! Now I realise your user name is really St Rafin.

(Edit: Errm, I don't think turning left is a problem - it's turning right )

[MontyPython]

Whoa, not me no. I also don't turn left out of the BP garage!

So you like to disobey the sign at the garage!

You also seem to support tax evasion for some but not tax avoidance for others, at what level of income and savings do you suggest we make the cutoff?

[Strafin]

Ok, I made a mistake on the left and right thing! As for the tax avoidance, I have not condoned it at any point, I have only said that it is an option for MM as he isn't so bothered about that sort of thing.

[nerc]

Which is another way of avoiding tax?

He doesnt like tax avoidance as he has stated quite clearly with the comments about people having more than 1 home

[Nothing Much]

This is probably horrid coming from someone who like OTE and JeffG bought at a time when there were hardly any naughts after the price. I did a search for properties that need work in Newbury.

Almost 30 years ago I did the same for Norfolk and came up with a few crackers....
"This property,currently occupied by a donkey has planning permission for a new roof and side wall." There were many like that. I did buy something a little less of a challenge, which is still in full time use by grown family.

Trovit advertised a building for demolition and permission for 2 new homes --pretty cheap...Gone now. But as a possible investor it seemed a good prospect. Close to town centre ,which can only get better.
Sell the rubble,build one and sell one. It sounds bonkers but it could be done, and a dinky car park as well.
A sort of bonded co-op to buy and develop. MM has a bit of deposit, others might fancy a gamble.
The advertised price was less than 200k. Sell the other one off-plan and go for it. ooops someone already has.
ce

[Strafin]

He doesnt like tax avoidance as he has stated quite clearly with the comments about people having more than 1 home

I wouldn't have thought that many people do?

[JeffG]

I wouldn't have thought that many people do?

There is nothing wrong with using legal means to avoid paying the government more than is required. That's what IFAs are for.

[Strafin]

I guess it depends on how much you have sitting around. If you're a Tory voter with a good nest egg you will be happy to exploit loopholes to make sure you don't pay your way. Normally while sitting round complaining about the benefits system and the state of the NHS!

[JeffG]

Agreed, I am not happy with people exploiting loopholes - it's up to the government to fix them.

On the other hand, when the Revenue brought out IR35 (you can look it up if you're inclined) it virtually killed the software contracting industry stone dead.

[On the edge]

I wouldn't have thought that many people do?

Tend to agree. The line between avoidance and evasion is very slight. Apparently BBC broadcasters are up to it at the moment, one claiming to be a second hand car salesman! The usual claim 'oh story I didn't understand the rules', indeed same excuse generations of benefits over claimers have also used.

[MontyPython]

Agreed, I am not happy with people exploiting loopholes - it's up to the government to fix them.

Well with the MP's expenses saga, they are obviously good at exploiting the loopholes - not so sure about their ability to fix them.

[NWNREADER]

I guess it depends on how much you have sitting around. If you're a Tory voter with a good nest egg you will be happy to exploit loopholes to make sure you don't pay your way. Normally while sitting round complaining about the benefits system and the state of the NHS!

Like Tony B Liar?

[On the edge]

Well with the MP's expenses saga, they are obviously good at exploiting the loopholes - not so sure about their ability to fix them.

Sure as eggs are eggs, no matter what legislation some scally will find a way to avoid! In general using the 'I was confused' excuse, tax evasion, benefits fraud,......road sign ignoring

[motormad]

I'm sure she still loves you (somebody has to ), but she would lose her single-occupancy council tax rebate if you moved back in. Maybe that's what you're thinking of.

Ha !

I'm not sure. She said she would lose her income or something and so I'd end up having to pay her lots of monies anyway.
She's probably lying.


Would I exploit a legal loophole in tax if I could (and it was legal?) - Probably. Everyone would let's be honest.
Do I mind if someone earns a few hundred quid each month cash in hand if they're being taxed for their PAYE income? Not at all...
Do I mind if someone is keeping a house off the market for someone who could otherwise buy it (even if it's not myself) and earning up to £2k a month tax free, yes

Everyone has lines I suppose