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ted cordener
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I had been following the aat campaign to get CGT reporting and payment deadlines doubled from 30 to 60 days for a few months and glad to see its worked. Sometimes government does listen after all. Maybe now they will also listen to aat calls to reduce CGT for residential properties from 28% to 24%?!
From:
ted cordener
29 October 2021 17:03 PM
James, Lets hope they do take their money and spend it elsewhere, this is one of the main objectives after all. For housing to return to its original purpose as a place to live rather than as an investment, an additional tax will discourage some (not all). Those it doesn't discourage will have to pay some more tax which in turn is ring fenced to spend on the homeless. That doesn't seem like such a terrible policy to me. Continued high growth in house prices is not in anybody's interests and the more enlightened agents can see this. Those at the top end are unhappy as their enormous commissions may be dented but for the rest of us this could be a small help - more affordable housing means more sales after all!
From:
ted cordener
05 October 2018 23:02 PM
"Blame the accountants"? Shouldn't this be "thank the accountants"? Doesn't matter what nationality you are, if you live, work and pay taxes in the UK you shouldn't have to compete for limited housing with overseas spivs looking to make a quick buck. The extra 1% is pretty minimal and as it doesn't apply to anyone living in the UK what's the problem?!
From:
ted cordener
04 October 2018 11:36 AM
The best way of simplyfying this tax would be to switch liability from the buyer to the seller as proposed by the Association of Accounting Technicians. What could be more simple than every first time buyer knowing they wont ever have to pay stamp duty no matter where they live or what the cost of the house? Scrapping it completely is the only simpler option but that is never going to happen - we are desperately short of cash for public services and it brings in almost £10bn a year.
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ted cordener
10 August 2018 12:16 PM
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29 October 2021 17:03 PM
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