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  1. #1
    Join Date
    Dec 2006
    Posts
    631

    Default Capital gains tax

    I'm never sure how much good petitions do, but on the basis of he who shouts loudly is more likely to be answered, I would urge everyone to sign up to protest against Darlings latest wheeze.

    http://petitions.pm.gov.uk/SaveCGTre...obFEUXHu8AV099

    Rob
    RobMc
    Moray Cottages. Self catering in Speyside

  2. #2
    Join Date
    Dec 2006
    Posts
    631

    Default Re: Capital gains tax

    Sorry

    correct link is here

    http://petitions.pm.gov.uk/SaveCGTrelief
    RobMc
    Moray Cottages. Self catering in Speyside

  3. #3
    Join Date
    Feb 2007
    Posts
    3,860

    Default Re: Capital gains tax

    Doubt very much if it will have any effect on me?
    But I've signed it anyway, hope it helps.
    Probably won't though, the whole worlds going bankrupt don't you know?
    End of red, sub-prime credit, my car insurance has just gone up, the cost of Iraq (s), failing "health" service.....We're all doomed!
    See the rainbow not the rain

  4. #4
    Join Date
    Feb 2007
    Posts
    3,860

    Default Re: Capital gains tax

    Did I mention the bloody car insurance?
    See the rainbow not the rain

  5. #5
    Join Date
    Feb 2007
    Posts
    3,860

    Default Re: Capital gains tax

    ...and me mobile's on the blink!
    See the rainbow not the rain

  6. #6
    Join Date
    Feb 2007
    Posts
    3,860

    Default Re: Capital gains tax

    Sod it!
    I'm off to the pub!
    Sorry to hijack your thread [img]/forums/images/graemlins/smile.gif[/img]
    See the rainbow not the rain

  7. #7
    Join Date
    Oct 2005
    Posts
    1,715

    Default Re: Capital gains tax

    its in the wrong place anyway. Move it to the lounge

  8. #8
    jfm's Avatar
    jfm is offline Registered User
    Location : London/Antibes
    Join Date
    May 2001
    Posts
    17,936

    Default Re: Capital gains tax

    I'm in favour of the proposed changes. For many forms of investment the new 18% rate is a reduction. For other investments it's an increase from 10% to 18% but I do not honestly believe that folks will decide (on a wholesale basis) not to invest when the rate is 18% whereas they would have invested if it were 10%. Fundamentally, about 20% is the "right" rate for CGT. I mean, it feels right. 10% was too low, and many folks thought that when it came in (which, for practical purposes, was 2002)

    The new rules do involve significant simplification too.

    I would be interested to hear the contrary view though. Why is 10% the right rate and 18% the wrong rate?

  9. #9
    tcm is online now Registered User
    Location : Caribbean at the moment
    Join Date
    Jan 2002
    Posts
    22,984

    Default Re: Capital gains tax

    Good ole Sam Brtitten fatbastard of theFT always sed the right rate of tax was always 0% or 100%.

    But numerous commentators and some politicians etc have mused at the idea that 20% for income, cgt, sales tax, death duties would be doable, easily known, not worth evading or avoiding by er going elsewhere. I agree.

  10. #10
    Join Date
    Sep 2006
    Posts
    228

    Default Re: Capital gains tax

    Inflation is now 20% advised by the eastern european car park attendant on Monday when I challanged the increase from 10 per day to 12.00. for parking. ?
    [img]/forums/images/graemlins/frown.gif[/img]

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