If you are a house owner with a couple of kids in Guernsey, say with a 400k mortgage the state gives you about £3000 a year. £1000 for the kids and £2000 for the mortgage relief. Nice eh? And it gets better, house prices are rising at around 4% per annum so when you come to sell your property the state allows you to take all of the profit out of the asset untaxed. I can't think of a better place to live be honest with you. Treaury might have got this the wrong way round though. They would have been better starting taking the relief away at those on lwoer mortgages and working up, rather than working down. It's reasonably obviosu it's going to hit those with larger mortgages quite substantially. If you have a 50k, 100k and 150k mortgage, the chances are you are in a more comfortable position. Children older, eaten substantially into your mortgage principal and likely to be slightly older with a higher income and probably with more disposable. If we are going to lose mortgage relief over a longer period of time, Treasury need to reasses which end of the stick they are looking at. Starting at 400k for those who may have just bought that house seems a bit harsh to me. 50k, 100k, 150k....that way.
Voice For Victims
Voice for Victims is a campaign aimed at promoting the rights of those affected by child sexual abuse.
