‘Owning a £500k home does not make you rich’: Readers challenge Reeves’ property tax plan
Independent Readers are divided by Rachel Reeves for a new tax in more than £ 500,000 in houses, and many of them question whether the threshold will unjustly affect the ordinary hosts rather than really rich.
Many argued that £ 500,000 in high -priced areas were not a separation marker, and smaller houses are often costly than that.
“In London and a part of the South East, it has a house of 500,000 pounds… It does not enrich you,” he said, and others suggested a higher threshold or regional variation to avoid punishing middle -class families.
Some readers welcomed the idea of targeting the unless the unless the property reserve of the property, arguing that decades of housing price increases cannot overcome young generations.
“Taxation of the property aimed at unavoids income is what the government should do,” he wrote.
Others have warned that the tax may have undesirable consequences, including forcing the housing market mobility to reduce the mobility of the housing market, and to increase the prices to increase prices.
There were also concerns that retirees or couples in modest income could be shot unjustly.
Throughout the Board of Directors, readers stressed that a fair approach that distinguishes real wealth from ordinary landlords is needed.
Here is what you have to say:
Regional Home Price Inequalities
I have recently moved from Berkshire to Yorkshire. The semi -detached house I bought was £ 200,000 in Yorkshire, but the equivalent and probably terrace house in Berkshire would be £ 500,000. In other words, this tax will definitely be a loss for the workers in the South East. The salary weight is far from compensating the home price difference.
There may be more than 1,000,000 £ a national figure, but probably some regional differences. This can also be reflected in IHT rates for hereditary property.
Indeed, the problem that needs to be addressed is to ensure that wealthy people can actually “avoid” by using tax payments and gaps for all their income and/or property.
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Davidwr
Do you think a real estate tax is fair? Join the conversation Comments.
Property Rating Tax Concerns
It is a logical tax on the wealth of property that is not earned due to the housing market of the last 40 years. However, £ 500,000 is too low. It will bring together only many people who meet the ends to pay a tax that they cannot afford. In many parts of the country, especially in the South East, £ 500 thousand will not bring you a two -bed terrace house.
If a couple launched and saved them to buy one in the last few years and can only meet the mortgage, they may be stuck in a property that they cannot afford to sell. This will affect both business mobility and housing market.
Maybe just upgrade to £ 750 thousand to make sure that only pays are really wealthy.
Gun
Redistribute
Many people are missing the issue… A large part of the country’s reserve has been connected to the property and the big increases in prices for the last 20-30 years will be transferred to the brothers. There is no chance of young generations without rich parents.
The government has no choice but to attempt to redistribute this unavoidable income and to give other people. Ownership is what the government should do (and ignoring the opponents), which aims to earn uneven income.
Chriscatthews
Regional Variation Required
£ 500 thousand is very low… This is not a reserve tax, but more about tax management. The average cost of a house here is approximately £ 450 thousand and this is a two -bed terrace. Of course, the price should not be a blanket, should it reflect different areas?
carefully
Influence on shrinkage
The only thing to do is to make people in larger houses shrink much more likely, which leads to increases in the value of these houses as the market dries. The cost of the moving house is already preventing many retirees from shrinking. The level should be much higher or at least set for regional differences.
Krakenuk
Inefficient housing stock
In the south of England, developers just want to build large houses from where they can make the most profit. Stating that there is a terrible deficiency, they justify the need for big houses. In fact, there are millions of big houses in the UK, one of the only older people who will make more sense of a smaller, more efficient, quality house. Elderly people are based on the idea of selling and paying loads in stamp tax for their new homes. A new ‘sales’ tax will only strengthen this disgusting cycle.
Not very surprised
Parliamentary tax
This council was a last minute substitute for the Council Tax Survey Tax. It has become popular because it is based on real estate prices about 35 years ago. Since then, things have continued and this tax system is.
jadfg
The illusion of reserve through property
When you control the zoop to see how much your home has risen, the illusion you have created while sitting on your back should be broken. Business creates a reserve. Property prices only redistribute unjustly. The worst result of the home price explosions is the emergence of millions of property empire, who retired at the age of 45 and then did not add anything. Ironically, they rent each other’s children, but their imagination does not reach so much.
Carolan
Middle class southern households
Labor seems determined to lose all the support everywhere. In London and in some parts of the South East, having a house of 500,000 pounds, which is usually smaller than a home of 300,000 pounds in the north, does not enrich you.
This partly is about trying to win people who call the Southern Southern Southern. Didn’t Starmer noticed that no red meat could satisfy rabies? They just grow further. Starmer and Co are reluctant to punish the super -rich who can enriched after the task process or use the media influence to leave them.
Brother
Economic warning
Further adjustment of net curtains while the house disintegrates…
Prof Richard Wolff and Analyst Sean Foo are increasingly emptying worthless US bonds in China, but after Japan and China, England, which is the third largest owner of worthless bonds, buys more – the collapse, especially the effect of Trump Blunders with very little understanding:
In the meantime, here in the UK, as if our chancellor is not tomorrow, the United States buys treasure bonds! At the same time, it is said that we are so footnote that we will have to get help for the disabled. This will ruin our economy – all to try to crawl to Trump, who hates them!
Dolphin
The effect on retirees
A real estate tax does not take into account the income of the inhabitants. He would not pay four wages on a property of 499,000 pounds, but several retirees on a property of 501 thousand pounds would have to starve and have to freeze.
Lucy Lastic
Property as investment
People try to accumulate profits with hosting to compensate for low wages. If GAFFs increase by 5 percent annually, Quids can enter and retire in a stylish way.
Many people as a job, the host – what percentage of hosts live in that house? Stop more than one house, especially everyone who has foreign buyers. It is full of investors who expropriate us here.
lid
Some comments are arranged for shortness and clarity for this article.
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