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do they actually do anything positive ever? They are currently stifling the Welsh property market with their Land Transaction Tax when compared to what Parliament legislates for SDLT. The differences can be quite staggering.
And in case you didn't know, property prices are what support small and medium size business lending, thus fuelling the economy. Once again the Welsh Government are asleep at the wheel.
It appears there are a few on here who work for them so expect to hear from them soon
its only just gone 10am so I imagine they're still on their first coffee break and not yet logged onOriginally Posted by light up the darkness
I'm still pissed of with them putting £10/£20 a week on my shopping bill, with their booze tax.
Can't wait till the elections
[QUOTE=BLUETIT;5136814]I'm still pissed of with them putting £10/£20 a week on my shopping bill, with their booze tax.
/QUOTE]
F*ck me, you’ve cut back, haven’t you???
[QUOTE=splott parker;5136817]I'm still pissed of with them putting £10/£20 a week on my shopping bill, with their booze tax.
/QUOTE]
F*ck me, you’ve cut back, haven’t you???
Lorraine's doing all the shopping and as she don't drive, she can only carry two slabs of 18 (eighteen) ciders on her head
Person in 'not liking tax that affects them' shocker.
I've never understood the constant criticism on here for criticisms sake. If you're a labour supporter you don't have to criticize everything the Tories do and vice versa. We've got the best of both worlds at the moment. Not cut off from the union if independent, nor do I believe abolishing the WAG is a good idea either?
I don't like the fact that the Gov prioritizes the environment over a fragile economy, even more so that we know it will always be Labour in charge here for the foreseeable future. Why we don't have big capital investment projects here baffles me!
But the take over in principle of trains, airport etc is a good thing but has been poorly handled.
Not a major fan of the sugar and alcohol tax but not dead against it.
Not all WG decisions have been bad and I don't think the grass is always greener
I saw it suggested that Rishi Shunak will introduce a road tax because the ban on sale of petrol/diesel cars will see drop in purchase in fuel and thus drop in revenue brought into the economy through that route. Give me a tax on sugar and alcohol any day, something we currently need to discourage, over a tax on something that is people responding to government's green policies in a way that has the desired effect.
The Housing Laws being processed currently are in a way good (helps reduce homelessness) and in a way bad (likely to over-crowd the courts, likely to put people of becoming landlords) with dial tilting slightly more towards bad than good but nevertheless overall policy heading in right direction. Don't think the Senedd gets everything right but more complex that saying it's all bad, or all good.
Agree.
As selfish as it is, both parties can be accused of prioritising the polars of the range of people, where realistically the mean is where it should be focused.
On the other hand the ban on petrol/diesel will see less money leave the economy to go to oil producing nations.
the more money that stays washing around the economy here it#ll end up in the exchequer eventually
whilst this may have been true pre Covid, currently the UK is a net exporter of crude oil.
How about petrol/diesel, I thought we were still a net importer of those
And you'd have to assume that by 2030 the covid restrictions would be over
Taken from the government's website....
"The tax collected is used to support public services in Wales."
Sounds good to me. Better public transport. Better hospitals.
You pay this tax when you lease a building or land over 150K or 250K.
Compared to a minimum wager who works in Morrisons, you've probably got to be pretty well off to be able to lease property out.
I'm all for it.
https://gov.wales/land-transaction-tax-guide
firstly, the WG block grant has reduced as a result of The WRS now being responsible for collecting LTT. Therefore it does not automatically follow that we will see an increase in revenues to spend on public services. Secondly, and perhaps more importantly, the Welsh economy is far more fragile than England's and we need all the support to boost it that we can get. Hammering people for tax whilst England is currently reducing the tax burden isn't going to help the Welsh economy at all.
FWIW the case in point I'm talking about is £53k LTT v £21k SDLT. Where do you think the investment will end up - Wales, or just over the border, thus saving £32k?
its not rocket science.
Are you factoring in all the other costs involved in an investment made on the other side of the border ? Would it still be a 32k saving ? Seems a little simplistic/convenient.
Better public transport and better hospitals. In Wales ? You must be kidding. You obviously also have no idea how business (or life) exists in Wales, or anywhere else for that matter. Less tax = more investment = more jobs = more money in the economy and peoples pockets. Its common sense really, something that is severely lacking in Mark Drakeford and his cronies in Cardiff Bay. They are wasting millions of our money.
Aren't the UK government likely to be increasing taxes on buy to let, capital gains tax that sort of thing too?
I can't see the Tories advocating tax rises (despite being the government that have collected most tax as a percentage of national income ever). In fact, they're calling for the opposite to try and stimulate the economy.
https://www.theguardian.com/politics...-fPNj-QLzgHQeI
Whilst I'm well aware of the report it is clear you're not aware the OTS is not part of the government and is independent. Sunak may follow their recommendation, but good luck convincing the Tories to vote for tax rises.
That's the rumours though.
The property market doesn't need anymore stimulating - it's already bubbling.
do you think the Welsh property market is in danger of overheating?
Yes
It seems pretty buoyant at the moment, houses are selling very quickly from what I've seen
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