Paul Reilly
Registered User
- Messages
- 78
If you drewdown between 2004 and 2008
If you drewdown between 2004 and 2008
Although to the best of my knowledge its deducted at source
Am I correct in saying that if you were on a tracker and therefore on a low interest rate then this relief wont be as beneficial because you are paying less interest in the first place? And so those that are on higher SVR (and obviously drewdown btw 2004 and 2012) would benefit the most?
Im surprised this relief doesn't get a lot more publicity due to its discriminatory nature. I would have thought proponents of a fairer society would be up in arms over this!
As regards tapering this is where the relief os reduced year on year until 2020.
FF dont want this or SF but FG do.
@Sarenco I do 'kind of' agree with you here. However its highly likely that the people purchasing the house [private asset] are ones who are net contributors to public funds, and get very little in return for their contribution. I do think there has to be some incentive for those who contribute most to the public purse and cannot just be take, take, take.In my opinion, it is grossly inequitable to use public funds to subsidise the acquisition of private assets. Many taxpayers will never be in a position to purchase a property so why should they subsidise those who can?
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