House tax is too much (From Daily Echo)
When news happens, text SDE and your photos or videos to 80360. Or contact us by email and phone.
House tax is too much
11:03am Tuesday 21st February 2012 in Readers' Letters
YET another “super innovative” idea from Southampton City Council to extract more cash from the private sector without any definitive statement on how it intends to ensure it will only be spent on specific projects (“£10,000 tax on each new home”, Daily Echo, February 6).
The reality is the monies will simply end up in the overall taxation pot.
The council will follow normal procedures, because it only knows how to spend money and not how to get the best out of that which it has.
Building contractors will simply add the extra cost to the price of the home, and so hitting the hopes of first-time buyers of getting on to the housing ladder, causing them to be despondent when finding their deposit requirement has been extended yet again.
BARRY BURTON, Fareham.
loosehead says...
4:13pm Wed 22 Feb 12
these companies can sit on a site rather than lower the price with the huge profits they've made or could make.
if your telling me they couldn't soak up this amount & still makr a huge profit your in cuckoo land