The best time to buy assets when there is no one else can accept that. Great fortunes are made in uncertainty. Self – made rich are not that hung around on the edge of the situation is not thinking specifically about potential disasters. They are the ones who calculated the odds and bought before anyone else was not sure of the answers.
Where there is uncertainty in the UK today? Most English people completely uninterested in the possibility of Scottish independence – or in Scotland in general. But if they were actually to search for the North have seen a very serious disorders. It is less than a year until every resident in Scotland gets to vote on whether they want to live with the devil they know or the devil they do not. Will remain part of our 307 – year – old Union, or vote to go it alone ?
This definitely makes a big difference whether you invest in Scotland. After all, the SNP made it clear that they do not think much of the rich. There will be a wealth tax, land tax and taxes on higher income. There will be a land reform as well – politicians made it clear that one way or another they will transfer power to tenant farmers and the weakening of large estates that private tracts of rural Scotland. So you might think, at least until things a bit more clearly, and you will not touch the Scotland with bargepole.
But here’s the thing. People think uncertainty exists about independence often do not. It is a fair assumption would Scots will not vote to go it alone ( Grangemouth disaster may be the final nail in the coffin of the Yes campaign ), but above all things to mention almost inescapable whether they do or they do not.
Scotland Act 2012 represents a huge transfer of financial power to Holyrood. It construed stamp duty land tax and landfill tax, as well as allowing the Scottish Parliament to adjust the rate of income tax and to borrow more money in his name from 2015. It also provides for powers to impose new taxes to be created.
HMRC site Scottish tells us the new tax ‘may be higher or lower than or the same as those that apply in the rest of the United Kingdom ‘. Can anyone who knows anything about Scottish politics guess how things will go – the stamp duty, and indicative rates indicate that the low-priced homes will pay less and high-priced homes will pay even more than it already is. Then there is the question of land. It’s not just the SNP who want to ‘ tax value of the land ‘ in the dissemination and land ownership more widely. Scottish Labour Party Johann Lamont seems like all the ideas, too.
Scotland is changing anyway, regardless of whether a vote in favor of independence. People think they can not afford to buy in Scotland because they do not know what the future holds. But it can make such a good guess about the future of Scotland as anywhere else. Information out there.
One clear alternative route (already much discussed at the dinner table Edinburgh ) is to buy the property boltholes Scotland has a well-off even when the bidding begins new taxes to bite. Berwick -upon-Tweed in Northumberland is 38 minutes from Edinburgh in the fast train, but more importantly than just the other side of the border. I’m not a fan of the English real estate market, but the north is less exaggerated than the south, and here will be 695,000 pounds a bag that has five bedrooms huge Victorian house with a ‘ stunning views of the River Tweed, on the ruins of the Royal Castle and Berwick railway bridge border ‘.
Imagine the premium you’ll be able to charge the Edinburgh commuter tax exile because in three years. On my last visit to Denmark and found large numbers of people who work in Copenhagen live across the bridge in Sweden, where property taxes are lower. Can become Berwick Malmo Edinburgh?
But devolution will not just mean a group of people to leave the city. This will mean arrivals as well. Imagine an additional civil servants, think tankers and pressure groups that will be required to help the Scottish government to know how to spend the new tax take and manage loans. And which of those hangers -on will not want to live in a Georgian country house on a nice short walk from Holyrood? There will be some empty ones ( the former occupants will be in Berwick ), but if this government is going in the direction of most, and there will be definitely more arrivals than departures. Perhaps in Edinburgh, capital gains will be enough to compensate for new taxes – works in Washington, where property constantly hitting new highs.
Finally, there Dundee. Yes, Dundee. You might think of it as a miserable, and not a Scottish town – but you might not think that when a new Dundee V & A is up and running. Design has just won an award Architecture News of the World, and they will, says that the magazine, ‘ to achieve a package of tourists to the picturesque waterfront in the city, and provide many opportunities for additional work and the development of new cultural place on the River Tay.’ That looks nice. You can buy a two or three-bedroom apartments on the water in Dundee, close to the V & A site, for not much more than £100,000. It does not have much to do with independence, but when the V & A in 2015 to open is sure to look like a very rare thing indeed : a real estate deal in the United Kingdom. Via