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Work starts on the eagerly awaited new Foxtons office on Brixton Road

Manter said:
Because small businesses are critical to the economy* and the aim is to encourage growth, to increase the tax base longer term. If I expand my business (er, my imaginary business) and hire two more employees, that's two more sets of tax, they buy stuff etc etc.
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the problem being that there's no extant structures w/r/t taxation that differentiate between the type of businesses you mention, and what they accomplish in and for a local economy, and the sort of small businesses (property agencies and letting agencies, for example) that may extract more from a local economy than they contribute.

I really don't think it's am issue tbh and I'd be v cautious about doing something that hammered small businesses- the tax issues around big businesses are much more critical
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Agreed. local Chambers of Commerce have been complaining for at least 50 years about the different regimes enforced on SMEs (pay up or face liquidation) and "big business" (please let us reach an accommodation with you).

*This says 95% of uk employees are in small or medium sized enterprises https://www.kent.ac.uk/careers/sme.htm ....
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And yet HMRC obviously prefer the taste of the black worm jism of big business, than that of the 95% of business taxpayers.
 
ViolentPanda said:
the problem being that there's no extant structures w/r/t taxation that differentiate between the type of businesses you mention, and what they accomplish in and for a local economy, and the sort of small businesses (property agencies and letting agencies, for example) that may extract more from a local economy than they contribute.



Agreed. local Chambers of Commerce have been complaining for at least 50 years about the different regimes enforced on SMEs (pay up or face liquidation) and "big business" (please let us reach an accommodation with you).



And yet HMRC obviously prefer the taste of the black worm jism of big business, than that of the 95% of business taxpayers.
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Agree with you, it'd be ideal if there was a differentiation between different types of businesses. No idea at all how you do that though
 
Rushy said:
You're thinking of Num 2. It's a bit bigger again but is a funny shape as one side of the house is wrapped around a neighbours garden and consequently only one room deep.
They have been given permission to excavate a new basement under the front garden - as well as various other things.
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Yes. I noticed that from inspecting their plans for a wine cellar
zasyqu5u.jpg
 
leanderman said:
Yes. I noticed that from inspecting their plans for a wine cellar
zasyqu5u.jpg
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The Swiss banker seems like quite a nice guy though. Stopped to talk to him a few times.

But the project does look like a disaster. According to the builders, there were supposed to be finished by April. Makes me laugh that, almost 1 year on, it has no roof, many missing walls etc and will most likely end up just looking like a victorian terrace again.
 
passivejoe said:
The Swiss banker seems like quite a nice guy though. Stopped to talk to him a few times.

But the project does look like a disaster. According to the builders, there were supposed to be finished by April. Makes me laugh that, almost 1 year on, it has no roof, many missing walls etc and will most likely end up just looking like a victorian terrace again.
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It really is amazing how long it has taken. But the simpler task, restoring their nearby end-terrace home, took ages too.

Not sure I would use their builder.
 
leanderman said:
It really is amazing how long it has taken. But the simpler task, restoring their nearby end-terrace home, took ages too.

Not sure I would use their builder.
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I have no idea about those guys but there are a lot of seriously incompetent builders about. If you don't know how to run a building project it is very easy to get burned. Most people want to pay the lowest price and there are a lot of tradesmen who frankly do not give two shits about the quality of their work /reputation so are happy to be bartered down and abandon the project when it suits.

I have often told friends that the building quotes they have been given are too low but they take them anyway. And then have to get builders in again.
Last year a friend in East Dulwich accepted a quote for an extension from a N Irish guy which was way too low. She is N Irish herself and assured me that she trusted him - they had some sort of understanding. So he did all the structural, built the walls - slowly - and then it came to putting the roof on he said that wasn't included in the price. The house was wide open and she was late months pregnant so paid him extra. He put the roof on but never properly finished the job.
 
ViolentPanda said:
Your link is Irish.
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In Republic of Ireland there is also tax relief for people paying rent.

It's quite a strange system where the rate of tax against your income seems quite high but you can claim lots back or buy things like train tickets from your gross income.

I'm not sure which system I'd prefer.
 
Manter said:
I can kind of see that one. It's ridiculous, because London prices are, but it's got a garden, original features, it's close to Brixton, unconverted loft so expansion potential, and they're attractive houses down there.

Mind you, they were about £550k only 2 years ago...
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It's also tiny.
 
fjydj said:
and its not even on with Foxtons :confused:
£960 per sq ft :eek: is crazy even at foxtons prices that should "only" be 800 - 900
we've just sold a flat on sudbourne road at what I thought was a crazy price but which equates to £650 per sq ft (and buying a house at £375 per sq ft :))
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My ex's fairly average 2 bed flat - no garden - is under offer at over 900/sft just around the corner from Sudbourne. And there were several offers at that price.
 
Rushy said:
My ex's fairly average 2 bed flat - no garden - is under offer at over 900/sft just around the corner from Sudbourne. And there were several offers at that price.
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The new secondary school could further fuel prices in the Sudbourne area.
 
FT front page today expands on their new favourite theme of how only the uber-middle can afford London now - with cling-on professionals being forced out ... to Redbridge.

Depressing how salaries of academics etc have fallen so far behind those of lawyers and bankers etc
 
leanderman said:
FT front page today expands on their new favourite theme of how only the uber-middle can afford London now - with cling-on professionals being forced out ... to Redbridge.

Depressing how salaries of academics etc have fallen so far behind those of lawyers and bankers etc
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Academic salaries are derisory in the UK.
 
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