Originally posted by cojak
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Previously on "Are contractors going to be "tax winners"?"
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Originally posted by Moscow Mule View PostIs there withholding tax on CGT liable transactions?
If not, you can go somewhere nice & warm and sell your shares from there with no tax to pay...
Reducing the CGT was the one single great thing Labour did, and then they go and reverse it.
Oh wellLast edited by BlasterBates; 14 May 2010, 08:41.
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Originally posted by BlasterBates View PostIn 5 years I will be voting labour just to make sure that everyone else gets an appropriate tax increase to match mine, and no I´ll be spending my retirement else where.
If not, you can go somewhere nice & warm and sell your shares from there with no tax to pay...
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Well my pension is basically in my own private investments in shares (I don´t trust banks), so I´ll be hit by the 40% tax rate, that´ll make it difficult for me to get a house in the UK unless house prices drop significantly, and it´ll hit my pension.
In 5 years I will be voting labour just to make sure that everyone else gets an appropriate tax increase to match mine, and no I´ll be spending my retirement else where.
That´ll teach em...Last edited by BlasterBates; 14 May 2010, 08:27.
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No, but provided the tax system is fair and reflects the risks that contractors face (6 months on the bench and not a penny taken from public coffers), I wouldn't mind paying.
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Are contractors going to be "tax winners"?
Under the new Con/Lib government, will we be better off because we pay low salary and divis?
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