TheBiggerPicture

Registered with Property118.com
Sunday 2nd February 2020


Latest Comments

Total Number of Property118 Comments: 41

TheBiggerPicture

11:26 AM, 22nd February 2021
About 4 days ago

Getting to the nitty-gritty of tackling Britain's rent arrears crisis?

Great post thanks.
Too many simpletons or state biased cronies running the show in the U.K.... Read More

TheBiggerPicture

11:23 AM, 19th February 2021
About A week ago

Cat and dog allergy issues?

Again unbalance legislation.
Landlords have to manage their properties.
The government has taken away the ability to manage this aspect, but still left landlords with the consequences.
The government wants this legislation, so they should be held liable for the consequences.

It never would have passed if the government were held responsible for their actions.... Read More

TheBiggerPicture

18:42 PM, 10th February 2021
About 2 weeks ago

UK housing market predictions

They are printing soo much money, that assets like crypto with no intrinsic value, (only brand value) are out performing fiat currency. People think its a better bet!
Thanks for raising this important issue Ranjan!

Viewers should read "when Money dies!"
A non political account of what happened in the Weimar republic. Hopefully not a manual for what is to come.... Read More

TheBiggerPicture

18:29 PM, 10th February 2021
About 2 weeks ago

A CGT increase would freeze the PRS

Reply to the comment left by Tony Southwold at 10/02/2021 - 14:39
What happens when interest rates go back up and property values fall.
We cannot assume they will stay low forever. Do you think the govt will hand back all these taxes when property values fall?... Read More

TheBiggerPicture

17:26 PM, 10th February 2021
About 2 weeks ago

A CGT increase would freeze the PRS

Reply to the comment left by John at 10/02/2021 - 11:09
Democracy is 3 wolves and a sheep deciding who to eat for lunch. Guess who the sheep is in this case.

The problem with capital gains tax is it makes no sense.
Yes, you may have made money in terms of pounds, but you have not made anything in terms of houses. If you sold a house and tried to buy a like for like house, say your neighbours, you can't do it with capital gains tax. You sell your house, pay your capital gains tax, and you can't buy your neighbours house of the exact same quality or location. How have you made income when you are no better off?

One of the arguments for taxing capital gain, is that it is income like any other. But its not really. You can think of PAYE wages as equivalent to the monthly rental, and the increased value of your skills as capital increases(or increase of asset value - you being the asset).
When you work PAYE you pay as you earn. While you are in employment, you pick up skills and can demand a higher salary for you next job. But when you change jobs you are not all of a sudden charged an extra tax on the increased value of your labour over that employment.

We also won't get into how unfair it is to tax inflation?

(You don't have stamp duty, capital gains tax or inheritance tax in NZ - a these are seen as inherently unfair, and they are.)... Read More