When will everything stop going up ?.

[More to life]

Surely you just liquidate the assets and settle the debt?

That's ok as long as your not presented with a bill at the end.

 

[toquark]

Nonsense
They can sell it or rent it out

Not if it’s in probate you can’t.

I know from bitter experience that can go on for years, in the meantime you would be saddled with payments from personal income you may not be able to afford for a house you don’t even want.

 

[toquark]

I’m sure the National Trust etc would be more grateful than a lot of you lot if they were left a property in someones will that had a higher value than the remaining mortgage. Maybe you would prefer if they cashed in their assets before death & blew the lot?

Actually I’d prefer it if they would. I’d rather think of my folks enjoying their final years and me not falling out with my siblings for the sake of a quarter share in a house plus mortgage. If you want to make money, make it yourself.

 

[kiwi pom]

And those home owners will say tax the land owners, they have more in asset value than my little sea side retreat... Tax income and tax capital gains but taxing assets of those who acquired them though graft and scrimping rather that having their daily Costa and Gregs, rather than phishing their pay cheque all up the wall every weekend after a shopping spree on new clothes, rather than having 8 meals out and 8 take always every month rather than blowing the rest on 2 weeks all inclusive in Benadorm every summer and a new car on credit each year?? You can keep such communist ideologies to yourself thanks.

You don't think farmers waste money or have very nice lifestyles?
Not all of them of course but that's true of every group.

 

[toquark]

Surely you just liquidate the assets and settle the debt?

Not if it’s in negative equity. Market trends aside, there a load of reasons why that might happen.

 

[glasshouse]

You can pass down an overdraft, so why not a mortgage?

 

[CPF]

The cost of things only stop going up when you die.

 

[d williams]

That simply isnt true,100 years ago people paid rent then bought food and fuel plus a bit of beer and cheap furniture. Today people spend far less on food and far more on discretionary spending all of which have VAT on which could be increased without affecting the ability to buy good and heat

I think that’s exactly right it was Maggie thatcher that government pushed ownership forward

 

[farmerm]

You don't think farmers waste money or have very nice lifestyles?
Not all of them of course but that's true of every group.

of course, but why should those, farmers are otherwise, who have built up assets using their taxed income have it taxed again to pay to support the upkeep of the rest who are feckless?

 

[som farmer]

of course, but why should those, farmers are otherwise, who have built up assets using their taxed income have it taxed again to pay to support the upkeep of the rest who are feckless?

only certainty's in life, are death, and taxation.

 

[Hilly]

If they get tax wrong people give up trying to make money .

 

[farmerm]

only certainty's in life, are death, and taxation.

and that if your are not feckless, taxation will probably come twice.

 

[Levelsman]

The cost of things only stop going up when you die.

Funerals seem to keep getting dearer!

 

[glasshouse]

of course, but why should those, farmers are otherwise, who have built up assets using their taxed income have it taxed again to pay to support the upkeep of the rest who are feckless?

The uk is in a mess because of stupid govts who bailed out the banks and the wealthy, not the feckless

 

[som farmer]

The uk is in a mess because of stupid govts who bailed out the banks and the wealthy, not the feckless

spot on
and its us, not them, who will pay the price.
the plaster gave a clear signal, to the greedy banks and business men, greed was all right.
and instead of learning, those greedy barstewards, just got worse, and l expect they laugh, at the mess they have caused, because their millions are safely stashed away.
And to be honest, either party in power, probably couldn't stop them anyway, they control to much money, and are to powerful.

 

[Courier]

Govt is coining in the vat at £2/litre

VAT on business fuel is mostly claimed back .

 

[Neil MP]

A house is also a business cos u can rent it out to cover mortgage or just sell it.

Only if the mortgage allows, a young lad had to pack in his forestry commission job in Scotland and move back to England because the bank mortgage review deemed he couldn’t rent his house out. So he ended back home jobless and a mortgage!

 

[glasshouse]

Only if the mortgage allows, a young lad had to pack in his forestry commission job in Scotland and move back to England because the bank mortgage review deemed he couldn’t rent his house out. So he ended back home jobless and a mortgage!

So sell it
Ffs

 

[glasshouse]

VAT on business fuel is mostly claimed back .

Most fuel is non business

 

[Neil MP]

So sell it
Ffs

Yep, everything is so simple with you
If it was that easy do you not think the lad would have done that.