Interesting Links for 27-07-2024

[andrewducker]

1. What the EU really thinks about the UK now

(tags:UK Europe )

2. Indian vultures: Decline of scavenger birds caused 500,000 human deaths

(tags:nature death vultures )

3. What would the perfect Santa Claus movie be like?

(tags:religion Christmas Easter funny movie history )

4. UK Property Tax Loophole costing councils millions

(tags:UK tax OhForFucksSake )

Comments

[anna_wing]

The most straightforward property tax is one based on the rentable value of the property, with appropriate reliefs for owner-occupation. If you are a landlord, you pay tax on whatever the rent is, minus reliefs you have for maintenance costs.

[channelpenguin]

This is pretty much how the assessments I filled out last year for my properties here in Germany work. Though the market value also seems to play a role somewhere, perhaps in calculating the nominal rental value?

(I don't rent mine out, so obviously I don't get the relief part).

[rhythmaning]

The post about property taxes focuses on a single edge case on more broad overlap between personal and corporate taxes which need to be addressed, similar to distinction between personal income tax and corporate tax for contractors (was that IR35? Maybe).

The distinction causes lots of distortions, which tax planners exploit.

I wish the UK could have an adult discussion about taxation of all sorts, rather than always kicking it into the long grass!