Capital gains tax

**robmchugh** · 18-10-07, 19:10

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

**robmchugh** · 18-10-07, 19:12

Sorry

correct link is here

http://petitions.pm.gov.uk/SaveCGTrelief

**Sneds** · 18-10-07, 19:35

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!

**Sneds** · 18-10-07, 19:36

Did I mention the bloody car insurance?

**Sneds** · 18-10-07, 19:36

...and me mobile's on the blink!

**Sneds** · 18-10-07, 19:38

Sod it!
I'm off to the pub!
Sorry to hijack your thread [img]/forums/images/graemlins/smile.gif[/img]

**Powersalt** · 18-10-07, 22:27

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

**jfm** · 19-10-07, 02:03

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?

**tcm** · 19-10-07, 02:46

Good ole Sam Brtitten fat******* 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.

**Gemini** · 19-10-07, 09:41

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]