Capital Gains Tax

[bobspud]

Im facing the prospect of having to pay CGT upon the sale of my family home which my sister has had the pleasure of living in with her hubby, because I vacated when they got married two years ago. Because I haven't been living there and opted to rent and didn't wish to put up with newly married "noises".

Now that's a proper ring stinger - those dumping BTL's they have profited off the back of - at least you profited in the first place!

No you idiot....

You flip your home and then sell it just like all those MP's that were permitted to do so.

[GJABS]

The sound of rows with smashing dishes, and occasional stabbing?

[mattfx]

Im facing the prospect of having to pay CGT upon the sale of my family home which my sister has had the pleasure of living in with her hubby, because I vacated when they got married two years ago. Because I haven't been living there and opted to rent and didn't wish to put up with newly married "noises".

Now that's a proper ring stinger - those dumping BTL's they have profited off the back of - at least you profited in the first place!

[AtW]

Wonder if it's possible to get payment for the properties in Bitcoin, obviously a risk in the exchange rate, but hard for HMRC to track and therefore tax

Blockchain is public permanently, very easy to track.

[Troll]

Wonder if it's possible to get payment for the properties in Bitcoin, obviously a risk in the exchange rate, but hard for HMRC to track and therefore tax

[GJABS]

Asset originally paid for out of taxed income is now subject to a 28% - lets waste it on the great unwashed- tax

6 figure sum ffs we should be like Belgium

You are paying tax on the gain, not the total value. So it is not double taxation.

[BR14]

A poor person, envious of those with wealth, predominately left leaning, Labour voting, with "fairness" as their rallying cry

HTH

i'm not exactly poor.
but i do dislike arseholes who exploit them for their own gain.
and get smug about it.
so feck you, and the horse you rode in on.

[Troll]

????

A poor person, envious of those with wealth, predominately left leaning, Labour voting, with "fairness" as their rallying cry

HTH

[BR14]

Povo

????

[Troll]

arsehole

Povo

[BR14]

Still got the BTL's - good London locations & a steady steam of migrants wishing to rent , one had a Romanian couple who wished to leave not realising the concept of giving notice so part of deposit forfeited in lieu, quick spruce up and it was re-let in under 2 weeks to a Pole
I'm currently disposing of the Northern family home(s) it's actually one building split into 2 so will sell one gift one half of each to missus & then sell one on 5th April and then the other on 7th April so get 4 x CGT allowances .. still 28% is too much!

arsehole

[Troll]

Another one dumping their BTL portfolio then?

And when you spend the taxed gain paid for out of taxed income, you will be paying 20% VAT each time.

Still got the BTL's - good London locations & a steady steam of migrants wishing to rent , one had a Romanian couple who wished to leave not realising the concept of giving notice so part of deposit forfeited in lieu, quick spruce up and it was re-let in under 2 weeks to a Pole
I'm currently disposing of the Northern family home(s) it's actually one building split into 2 so will sell one gift one half of each to missus & then sell one on 5th April and then the other on 7th April so get 4 x CGT allowances .. still 28% is too much!

[Mordac]

Asset originally paid for out of taxed income is now subject to a 28% - lets waste it on the great unwashed- tax

6 figure sum ffs we should be like Belgium

You made a profit on a transaction? How dare you, you filthy capitalist scum. Next time you'll be in the gulag with the bankers...

[DimPrawn]

Asset originally paid for out of taxed income is now subject to a 28% - lets waste it on the great unwashed- tax

6 figure sum ffs we should be like Belgium

Another one dumping their BTL portfolio then?

And when you spend the taxed gain paid for out of taxed income, you will be paying 20% VAT each time.

[Troll]

Asset originally paid for out of taxed income is now subject to a 28% - lets waste it on the great unwashed- tax

6 figure sum ffs we should be like Belgium