tag:blogger.com,1999:blog-37476956.post9064443541249867664..comments2024-03-06T18:07:22.993+00:00Comments on Landlord and BTL Blog: CGT panic 'overblown'Unknownnoreply@blogger.comBlogger6125tag:blogger.com,1999:blog-37476956.post-10394923292162690572010-06-04T12:40:21.570+01:002010-06-04T12:40:21.570+01:00Capital gains was never a strait 40% as indicated ...Capital gains was never a strait 40% as indicated you had indexation<br />and later tapered relief witch lowered it to 24 % after ten years .<br />so for an asset held for ten years the tax rise would 7 % not 32% as <br />indicated if you where on the 50% bracket, any way if the put it up this high<br />i will simply keep it for ever 50% of nothing is 0 tax Many thanks to John<br />Redwood for Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37476956.post-73323416842774956622010-06-04T12:39:08.275+01:002010-06-04T12:39:08.275+01:00Capital gains was never a strait 40% as indicated ...Capital gains was never a strait 40% as indicated you had indexation<br />and later tapered relief witch lowered it to 24 % after ten years .<br />so for an asset held for ten years the tax rise would 7 % not 32% as <br />indicated if you where on the 50% bracket, any way if the put it up this high<br />i will simply keep it for ever 50% of nothing is 0 tax Many thanks to John<br />Redwood for Duncannoreply@blogger.comtag:blogger.com,1999:blog-37476956.post-30803221206279486292010-06-04T11:39:12.172+01:002010-06-04T11:39:12.172+01:00I came into property when CGT was 40%. Now that i...I came into property when CGT was 40%. Now that it's reverted back to 40%, well, nothing's changed.<br /><br />The NLA is campaigning that the Private Rented Sector should be treated like a business with all the tax breaks businesses get. However, they're forgetting all the bureaucracy and expense this entails.<br /><br />Besides, if you want the business tax breaks, form a limited Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37476956.post-15468105404984467292010-06-02T14:48:41.175+01:002010-06-02T14:48:41.175+01:00Hi Tony, Do you mean £15,000? £15 would be very i...Hi Tony, Do you mean £15,000? £15 would be very impressive indeed!Hawkeyehttps://www.blogger.com/profile/11891398979583095958noreply@blogger.comtag:blogger.com,1999:blog-37476956.post-79444310274872451132010-06-02T14:26:45.426+01:002010-06-02T14:26:45.426+01:00you make your money when you dont sell any way if ...you make your money when you dont sell any way if you keep it for 5 years a new goverment will be in they will maybe reduce it to 15% think long lerm i bought 1 house 12 years ago for £15 still have it it is now worth £120k in a deep recesiontonyhttps://www.blogger.com/profile/10214609621061160126noreply@blogger.comtag:blogger.com,1999:blog-37476956.post-60453825819694703442010-06-02T11:31:20.328+01:002010-06-02T11:31:20.328+01:00I agree that CGT will not kill BTL. NLA members I&...I agree that CGT will not kill BTL. NLA members I've spoken to are very much in it for the long run and won't be rushing to sell off all their properties in a bid to beat the rise in CGT.<br /><br />And as for the NLA wasting its breath on the CGT rise, well, I wanted to clarify exactly what we're calling for.<br /><br />The NLA wants the Treasury to recognise letting as a legitimate Ellie Irwinhttp://www.landlords.org.uk/campaigning/cgt.htmnoreply@blogger.com