Capital Gains Tax

[BlasterBates]

yes nothing like a spreading rumour, to get those prices tumbling:

Landlords

[Gonzo]

Well I haven't heard about taper relief (i.e. inflation).

Me neither but someone is going to have to do something about it before too long.

Taxing the increase in value due to inflation is so thoroughly unjust I don't understand why more of a stink has not been kicked up over it.

[BlasterBates]

We'll have to wait and see, I found that before both systems were OK, i.e. high tax with taper relief, low tax without taper relief (designed actually to take more) however the current proposal is just basically digging into your real savings. For me it would mean living as a tax exile after retirement, , with a huge "no-entry" sign over the UK.

[BlasterBates]

The Liberal Democrats hope the CGT shake-up will be included in the first Budget. But George Osborne, the Chancellor, thinks more work is needed and has asked for more options to be drawn up.

The Treasury said: "There are a range of possible options on CGT to fulfil this aim and no decision has yet been taken on one option. It will be important to take the time to get this right."

....ha ha...... a stay of execution

if it doesn't get in this budget, I reckon it'll be dead....with a "yeah yeah Nick we'll do it next year"

[AtW]

ha ha

Tax rises could prompt 'fire sale' of second homes and shares - Telegraph

Good - the recover won't come until house prices deflate to reasonable levels.