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Iain Duncan Smith think-tank looks at tax breaks for granny flats

Friday, February 5, 2010 | 10:51 pm

 

 

Families who build  Mbt sale flats for their grandparents could get tax breaks of up to £20,000 under proposals being considered by a centre-right think-tank closely linked to David Cameron, The Times has learnt.

Iain Duncan Smith, who is expected to head a new Department for Children and Social Justice under a Conservative Government, will announce an inquiry into caring for the growing elderly population on Monday.

The inquiry will be carried out by the Centre for Social Justice, of which Mr Duncan Smith is currently chairman. It will consider a range of radical proposals to keep elderly people in their homes or with families, rather than in expensive residential care.

It is one of five investigations being launched by the centre to examine different aspects of Broken Britain — a theme constantly raised by Mr Cameron. The others will cover mental health, youth justice, community cohesion and value for money.

One proposal being examined is for families who build annexes on to their homes for their grandparents to be exempt from capital gains tax when the house is sold. At present, those who build extensions in their gardens for relatives are generally charged capital gains tax on this proportion of the proceeds from the house when it is sold.

A couple who buy a house for £200,000, for example, build a granny flat for £50,000 and sell the home for £400,000 would normally have to pay CGT of 18 per cent on a share of the profits, or about £10,000.

Mr Duncan Smith is also considering exemptions Mbt for VAT charged at 17.5 per cent for extensions, which would release another £10,000 or so. In addition, flats built specifically for elderly or disabled relatives would not be liable for additional council tax.

“We want to look at a range of taxes which now make it more difficult for families to care for their elderly relatives,” Mr Duncan Smith told The Times. “We want elderly people to be able to play an active part in society   ghd hair straighteners for as long as possible.”

Other proposals include equity release schemes to help those with little cash to pay for extra domestic help or perhaps to remortgage homes to pay for residential care.

The inquiry, expected to take 12 months, will examine pilot studies now being set up by the Joseph Rowntree Foundation, where those on state benefits can release regular small sums of money against their house. At present, equity schemes usually have a minimum limit of £10,000. The cash might also be used to pay for short stays in residential care, possibly before returning home, or to pay for extra care at home.

It will also look at a range of options to prevent people having to sell their own homes if they move permanently into nursing or residential care. Mr Duncan Smith supports “granny mortgages”, where elderly people take out loans against their homes. The money is paid back to the lender after death.

Mr Duncan Smith said caring for the elderly was one of the key areas that had been highlighted in his survey of “broken Britain” last year. “The current pattern of broken families will make the care of the elderly even more  ghd straightenerscritical in five or ten years time,” he said.

“There is substantial evidence that single-parent families are less likely to care for an elderly relative because the whole family unit has already broken down. This is likely to add huge costs to the state.” The fastest growing age group is the over-80s, which now numbers 2.75 million. There are now 11 million pensioners — 19 per cent of the population — a figure which is expected to increase to 15 million in 20 years. Some 2.5 million pensioners are living below the poverty line, and nearly a quarter of single female pensioners and a fifth of single MBT Shoe men have no savings at all.

Mr Duncan Smith is also concerned that 45 to 50 per cent of benefits are not taken up by the elderly. He also wants to examine their treatment by the NHS. “The elderly are treated like anyone else at a hospital, when they can be much frailer and have very different needs,” he said. “Often they have to wait for hours and are discharged too early, when they have no family to help them convalesce.”

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Blog:The renaissance(6)

Wednesday, December 23, 2009 | 7:53 pm

  The epoch of Renaissance witnessed a particular development ghd hair straighteners of English drama. The greatest of the pioneers Mbt of English drama was Christopher Marlowe(1564–1593) who reformed that genre in England and perfected the language Mbt trainers and verse of dramatic works. It was Marlowe who made blank verse the principal vehicle of expression in drama.

  Among other outstanding ghd straighteners dramatists of that time was Robert Greene(1560?–1592) whose play George Green, the Pinner of Wakefiels was highly Mbt shoes appreciated.

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Blog:The renaissance(5)

Monday, December 21, 2009 | 7:46 pm

   In the first half of the 16th century Mbt there appeared lyrical poems by Thomas Wyatt(1503-1542), Henry Howard, Earl of Surrey(1517-1547) and others who initiated new poetical forms, borrowing freely from English popular songs and Mbts Italian and French poetry.Thus Wyatt was the first to introduce the sonnet into English literature.

   In the second half of the 16th century lyrical poetry became widespread in England.Among the outstanding lyrical and epic Mbt shoes poets of the time were Philip Sidney(1554-1586), Thomas Campion(1567-1680),and Edmund Spenser(1552-1599). The latter was the author of the greatest epic poem of the time The Fairy Queen.

   Various types fo novel were Mbt shoe developed in the 16th century. John Lyly(1553-1606) and Thomas Loge(1558-1625) were authors of novels dealing with court life and gallantry. Great popularity was won by John Lyly’s novel Eupheus which gave rise to the term “euphuism”,designating an affected style of Mbt shoes sale court speech. On the other hand realistic tendencies developed in Thomas Deloney’s (1543-1607) and Thomas Nashe’s(1567-1602) novels, devoted to the everyday life of craftsmen, merchants and other representatives of the lower classes.

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The renaissance(4)

Friday, December 18, 2009 | 9:19 pm

  New social and economic conditions brought Shoes Mbt  about great changes in the development of science and art.

Together with the development of bourgeois relationships and formation of the English national state this period is marked by Mbt   a flourishing of national culture known as the Renaissance.

The term Renaissance originally indicated a revival of classical(Greek and Roman) arts and sciences after the dark ages of medieval obscurantism. Indeed, a great number of the works of classical authors and propagation of classical learning and art was carried on by the progressive thinkers of the humanists.  Mbt shoe They held their chief interest not in ecclesiastical knowledge, but in man, his environment and doings and bravely fought for the emancipation of man from the tyranny of the church and religious dogmas.

At the begining of the 16th century the outstanding humanist Thomas More(1478-1535) wrote his Utopia(1516) in which he gave a  Mbt.com profound and truthful picture of the people’s sufferings and put forward his ideal of a future happy society.

At the end of the century the great English  Mbt shoe scientist and philosopher Francis Bacon(1561-1626) wrote his famous philosophical and literary works.

 

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The renaissance(2)

Thursday, December 17, 2009 | 9:02 pm

At the same time Henry VIII policy found Mbt support among the rich townfolk—the merchants and handicraftsmen who were developing into a new class– the class of bourgeoisie. The rapid growth of trade and the formation of the national market demanded political centralization and consolidation of monarchy.

  Absolute monarchy in England reached its Shoes Mbt summit during the reign of Queen Elisabeth.(reigned 1558–1603)

   The progress fo bourgeois economy made England Mbt shoes a powerful state and enabled her in 1588 to inflict a defeat on the Spanish Invincible Armada. The  victory over her most dangerous political rival consolidated Great Britain’s might on the high seas and in world trade.

 At the same time the 16th century Mbt shoe saw the aggravation of the contradiction between the wealth of the ruling classes and the poverty of the people. There were many uprisings of the peasantry who had been freed from serfdom but,  at the same time, deprived of their homes and means of subsistence. The most significant of these uprisings was the one which Mbt shoes uk occured in 1549 inNorfolk and was led by Robert Ket. The uprising was ruthlessly suppressed.

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The renaissance(1)

Wednesday, December 16, 2009 | 1:14 am

The 16th century in England was Mbt a period of the breaking up of feudal relations and the establishing of the foundations of capitalism.

   Manufactories were developing and the wool trade was rapidly growing in bulk. The enclosure of commons drove thousands of peasants off their lands and many of them settled discount Mbt shoes in towns.

   It was a time when, according to Thomas More,” sheep devoured men.”

At the beginning of the 16th century absolute monarchy was formed in England. King Henry VIII (reigned 1509-1547) broke off with the Pope, dissolved all the monasteries and abbeys in the country, confiscated their lands and proclaimed himself head of the Church of England.

The consolidation Mbt shoes of secular and ecclesiastical power under one King greatly furthered the strenghening of English monarchy. At the same time in order to undermine the power of independent feudal lords and strengthen his own role, King Henry disbanded their feudal bodyguard.

The old English aristocracy having been Mbts exterminated in the course of the War of the Roses, a new nobility, totally dependent on the King’s power, came to the fore. These were the gentry, the main supporters of the absolute  Mbt.com monarchy.

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