Taylor Wimpey Share Discussion Threads

[laurence llewelyn binliner] 06/3/2024 14:02

#Lefrene, property taxes in Spain also punitive, purchasers beware, taxes paid in advance on values inclusive of any renovations adding value which are non deductible, historic debts registered against a property which you might stumble into, services you are responsible for, and if the local mayor decides to re-route a road through your land, you lose your land and they give you a bill for the work done to build their road on your land which you have just lost..

Theft dressed up as taxes..

[kreature] 06/3/2024 14:01

Entrapment? Sounds about right to me given the freehold description. And nothing in the budget, no stamp duty holiday :( Gone off France now, sounds horrible

[lefrene] 06/3/2024 13:46

kreature, should you happen to buy a 'freehold' property in France there are several unmentioned beartraps waiting for you. The French system assumes you are an adult and have done your research! The uneducated can find themselves liable for considerable back taxes particularly if it has been a holiday let! Those can run to 10's of £ thousands. Road repair/reinstatement can be another one, getting water/sewage laid on is another. Debts held against the property is another! None of this will be mentioned to the buyer unless they know what questions to ask. I twice came across ruined retired Brits not far from where I bought my property, because they assumed that buying property in France would be the same as in the UK.

At least here, if the woman had bothered to read the documents she would have seen the entrapment into a management company.

[tlobs2] 06/3/2024 11:57

There's our negative mover from last week...... Looks like they couldn't have timed it any worse. LOL

Qube Research & Technologies Limited 0.62% 0.06% 1 Mar 2024

[kreature] 06/3/2024 10:43

Buyers prob not bothering to read the title deeds, conveyancers prob not bothering to explain the covenants in the deeds. And the word freehold probably deliberately misused because the Estate Charge covenants making the houses not free from the hold of unregulated Management Companies? Money making scam racket in my personal opinion due to the misleading use of the word freehold when marketing the houses. IMO only

[lefrene] 06/3/2024 10:23

I suspect the builder offered an 'easy' package, mortgage and lawyer all laid on. So she bought the house with no more attention than if she was buying a second hand car. Now she wants to be rescued from her own ignorance.

Certainly a nice trick to con somebody into thinking they had an unencumbered freehold, and then stiff them with a management tie-in, by which you can milk them for fee's forever!!

[kreature] 05/3/2024 20:02

Or maybe just buy an older normal house where freehold genuinely means freehold ?

[lefrene] 05/3/2024 11:37

kreature, the lady made the mistake of being lazy and trusting the builder! Of course he's going to connect her to a tricky lawyer with a company kickback. She and the other house holders need to bring a legal action to get control of the entity that manages the estate.

[jugears] 05/3/2024 11:12

2019 lol oh lol what a wet wipe you are!

[kreature] 05/3/2024 10:50

Any news on this?

‘ 'My home's freehold isn't worth the paper it's written on' ‘

[rwlly1] 05/3/2024 07:04

Just trying to explain how the Gov has managed to keep private dept under control, only to transfer it Gov dept, But it is still a dept to every taxpayer present and future.

[jugears] 04/3/2024 21:47

Rwilly we have paid tax to the government for years only for it to be handed back to the so called needy so nothing has changed

[baracuda2] 04/3/2024 17:20

Totally agree ?

[rwlly1] 04/3/2024 16:56

tlobs Exactly what I said Gov poured money in to stop that happening, but it was you as a taxpayer that was financing all these givaways. So the Gov was effectivly borrowing money from you and I. To give to you and I.

[tlobs2] 04/3/2024 13:51

rwilly..... "cost of living crises" FFS are you another one that has swallowed that one.

That's a made up throw away comment that every news reporter and politician spouted out. In reality there wasn't a crisis at all. If it was then personal debt would be at all time highs. It's not.

[jugears] 04/3/2024 12:23

Firstly the government helped a few,not everyone,people have less debt by choice, I still can't see why that means the government has large debt, if one borrows money at a low rate from a bank how does that affect government debt they are not subsidising it are they? Personally I have never borrowed more than I could afford.

[rwlly1] 04/3/2024 11:55

1carus you say servicable, but the dept is well over 100 billion a year in interest payments, imagine what you could do with that sort of money extra every year to spend.

[rwlly1] 04/3/2024 11:17

I have taken on too much dept in the past, and the only way I could escape it was to stop spending on anything non essential. when you have taken on too much dept , all you are doing is working your socks off to pay the interest on said dept. The same is true of government dept.

[1carus] 04/3/2024 10:59

rwlly1 it is not economically possible to tax your way out of national debt. The people will not be paying it back whatsoever. National debt is managed by comparison to GDP.Currently high at around 98% owing mainly to the Covid borrowing (Spending). The 'Nasty' Tories seem to be the only party to be able to change this ratio in a downwards direction... I think Labour left them at the end of their last tenancy saying good luck we have spent it all... and they had, leaving the GB with higher net unemployment than when they took power too ... which seems to be always the case. The way to manage national debt is to get better outcomes for what we are already paying for, invest in technologies and industries that will increase GDP significantly that will change the ratio of Debt to GDP down to 80% or below. This does not mean that the debt goes down, but it does mean it is serviceable. Growing the economy, which improves everyone's situation is the only way to pay down debt.

[rwlly1] 04/3/2024 09:46

As I previousley explained JUG, the government has dished out record amounts of money to the general public through covid and the cost of living crises, but all they have done is eased personal dept and transfered it to government dept, which has still got to be paid back by every one in the country. A bit like taking it from the left hand to give to the right.

[jugears] 02/3/2024 08:24

Sickly, despite a few knocks although their aren't really any, as the cma will come up with nothing & profits & sales were in line with expectations, despite this the share price has returned to its up ward trajectory, once interest rates fall momentum & profits will build, that is almost guaranteed, unlike TLY which now has a very precarious unloved future! any one listening to your ramping will have lost the shirts off their backs, anyone listening to your de ramping here will have missed out on a chance to purchase shares below 90p, something I don't think we will see again!It pays to do your own research when investing & perhaps have a very good understanding as to how a business works, holding on to Tw has certainly not done me any financial harm & enabled me to pick up some very cheap share which will bring huge benefits long term, I did say at 21p that TLY had not got their figures correct hence why I sold, I will thank you for pointing me in the direction of EZJ ,my first proper share that I have traded & made a lot of money from,of course my RR shares have been my best performers, did you follow my lead at 98p & buy and hold?