Afterflood
Registered User
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- 74
Hello all,
I was speaking with a friend who works for one of the big 2 banks at weekend and he told me that there is a rumor that the government is planning ot tax tracter mortgages in this years budget.
I think the idea is that since tracker holders are in actuality doing well as regards mortgage payments and are in a way being subsidised by variable rate holders that the government will look for a little additional tax from the tracker holders.
My friend thinks that it will be a 1 or 2% payment on the mortgage payment similar to what they do with life type savings schemes at the minute.
Might be a good way for the government to raise a few bob.
If anyone can confirm I would appreciate.
I was speaking with a friend who works for one of the big 2 banks at weekend and he told me that there is a rumor that the government is planning ot tax tracter mortgages in this years budget.
I think the idea is that since tracker holders are in actuality doing well as regards mortgage payments and are in a way being subsidised by variable rate holders that the government will look for a little additional tax from the tracker holders.
My friend thinks that it will be a 1 or 2% payment on the mortgage payment similar to what they do with life type savings schemes at the minute.
Might be a good way for the government to raise a few bob.
If anyone can confirm I would appreciate.