This is silly, we gain 2 billion from the tax then what next. If they are gone we can't tax them again. Seem like it destined to fail. A one hit wonder
Sorry, UK tax revenue is more than 1.1 trillion, NON doms approx 9 billion, less than one percent of tax revenue. UK housing market needs a correction as its over priced. frankly no one cares if the the top end of the London market isnt selling apart from the owners, speculators and estate agents. Trickle down economics as we know doesn't work. We all pay tax apart from the the wealthy thanks to loop holes, accountants and lawyers.
@@garyb455whatever tax rises will happen they will be nullified with low rent and low emi for the people This system of a person owning more than 1 houses and putting on rent needs to end
Britain isn't Singapore that relies on stamp duty revenue. In the second half of 2024, the UK manufacturing sector has seen growth in output, new orders, and employment. This includes the first increase in workforce levels since September 2022
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They’ve been threatening to leave for years.
Remember !! If you tax their assets they can't just put them in the bag and take them abroad!!
This is silly, we gain 2 billion from the tax then what next. If they are gone we can't tax them again. Seem like it destined to fail. A one hit wonder
Assets still stay in the UK so tax them
They run outside, but try tax them for outside profit
You can’t do that … incidence of tax usually arises from origin of business income.
Can you restrict capital gains tax to the housing sector and leave us ordinary people in the stock market alone.
Doesn't sound Elites tbh
Sorry, UK tax revenue is more than 1.1 trillion, NON doms approx 9 billion, less than one percent of tax revenue. UK housing market needs a correction as its over priced. frankly no one cares if the the top end of the London market isnt selling apart from the owners, speculators and estate agents. Trickle down economics as we know doesn't work. We all pay tax apart from the the wealthy thanks to loop holes, accountants and lawyers.
you will have to make up the 9 billion with higher taxes for the poor, enjoy
They would rather buy up all empty apartments and board them up rather than let a real estate price correction.
@@garyb455whatever tax rises will happen they will be nullified with low rent and low emi for the people
This system of a person owning more than 1 houses and putting on rent needs to end
Britain isn't Singapore that relies on stamp duty revenue.
In the second half of 2024, the UK manufacturing sector has seen growth in output, new orders, and employment. This includes the first increase in workforce levels since September 2022
But Labour said they wouldn’t leave! 😂
The new Brirish Barbara Walters.
When all your do is villainise the rich what on earth do you expect?
It’s amazing that taxing them the same as you is “villainization”.
Spoken like a true serf
No Problem!