Chat & Social > The Bar - General Chat
Tax Exempt
ian_s:
--- Quote from: "landyman Ash" ---In the last election, Tories stated if they got in they would start the 25 year exemption again.
I'll beleive it when I see it :?
--- End quote ---
that was the only reason to vote tory. i didnt, even tho it would now make my wee beastie tax exempt and save me £180 a year
keithdixon:
Well always voted tories, now i know why!
Both the rangie and my daily runner are £180, a hefty sum per year especially when the young ones on the roads who drive 1.3 1.6 hatches like idiots.
Maybe they should tax dut to age of the driver?
Sounds daft but may make the young people of today learn to walk & save up for things they want in life instead of maxing out on a loan to get their first car (leaving nothing left to buy a house)
Priglet:
--- Quote from: "keithdixon" ---
Maybe they should tax dut to age of the driver?
Sounds daft but may make the young people of today learn to walk & save up for things they want in life instead of maxing out on a loan to get their first car (leaving nothing left to buy a house)
--- End quote ---
I doubt it. Insurance costs already cripple the inexperienced, and these days it seems that if you can't afford it you just don't bother buying it in the first place.
keithdixon:
The comment was made following a discussion i had with a financial friend who says that the main problem young kids are having at the moment is that they cannot afford to buy a house during late teens. (the wages at that age tend not to allow them - and house prices also made it impossible)
so they stay at home longer than we did.
entering your twenties and having only a small amount to pay to 'mum & dad' leaves you enough to get a decent car (say 10k) which they do over 3-5 years.
Then the problem starts, they have no chance to save for a deposit for a house as their wages are going on car (say 3K), fuel ??, insurance (say 1.5k), tax & repairs. (and beer (Far too much))
Now they end up at 25 with an old car and no deposit, what next??
A new car spread over 5 years.
Just my rant as i have 3 children between 14 and 15 and even though i love them all i dont want them at home when they are 30!!!
ian_s:
i bought a house earlier this year, at age 23
i had no deposit, but my mortgage is still only £430 a month
which is less than i was paying in rent on a similar sized house
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