Why is there such a big deal about a CGT rise?

Procrastinator333

Woodbine, out of curiosity, what do you think clegg should have done?

If he had refused any coalition, there would have been a minority government that flapped, got nothing done and resulted in another election in 6 months.

If he had gone in coalition with labour and the nationals and brown, it would have been an even more precarious coalition and he would have had to leave brown in power- not something many voters wanted to see. How long would it have lasted? We will never know, but I diont think very long. Browns authoritarian attitude would have broken it very quickly.

At least this way, sone of the lib dem policies get put in to practice,they get in the headlines and raise public awareness, they get a referendum on av, which is a step in the right direction. In the last 50 years, how many lib dem leaders have got any lib dem policies enacted?

mitchaa

woodbine wrote: »

ive been a lib dem/liberal member and voter for 33 years,not any longer i am now about to join the labour party.I have spoken to a fair number of lib dems this week many of who are also resigning from the party,some to join labour others to disgusted to careless.
My prediction is that at the next election,whenever that is,lib dem votes will fall below 5 million and they will be lucky to win 25 seats

Silly silly attitude to have.

Reminds me of a child throwing its teddy out of the pram.

mbga9pgf

drc wrote: »

I don't get the big deal about the possibility of Capital Gains Tax rising to 40% again? Wasn't it only reduced to 18% in 2007 from 40%? If this is the case, it won't really make much difference in terms of BTL/ selling of assets surely as most big profits were made during the pre-2007 HPI, so serious BTL/LL would have been used to such a high historical rate and planned for it surely?

Will there be something different about it this time? Why all the hysteria?

Can someone correct me if I am wrong.

Its all boll0cks anyway. You will still be able to trade tax free on IGindex and other spreadbetters, you can buy ftse futures out to 3 months... no stamp duty, no cgt, why would you ever trade with real shares?

ash28

Procrastinator333 wrote: »

Woodbine, out of curiosity, what do you think clegg should have done?

If he had refused any coalition, there would have been a minority government that flapped, got nothing done and resulted in another election in 6 months.

If he had gone in coalition with labour and the nationals and brown, it would have been an even more precarious coalition and he would have had to leave brown in power- not something many voters wanted to see. How long would it have lasted? We will never know, but I diont think very long. Browns authoritarian attitude would have broken it very quickly.

At least this way, sone of the lib dem policies get put in to practice,they get in the headlines and raise public awareness, they get a referendum on av, which is a step in the right direction. In the last 50 years, how many lib dem leaders have got any lib dem policies enacted?

I guess some people vote with their principles and not necessarily what is thought to be best available option at the time. When they feel those principles have been abandoned feel unhappy about it. And in the long run who knows what the best availabe option would have been. It may be this coalition or it may not.

I imagine a number of Libdems and Tories are feeling let down by their leaders at the moment. And I agree with the poster, I think the Libdems will probably take a battering in the next election. Though as Harold Wilson said "a week is a long time in politics"

I have to admit to an admiration for people who have principles and stick to them.

dealsearcher

I found the following video on you tube. It is about US taxation but the principles are the same.

http://www.youtube.com/watch?v=_yXINN1tD54&feature=player_embedded

Blacklight

There's some blinding threads on HPC about the CGT rise at the moment:

My Personal Evidence Of Panic Cgt Selling

"Hi WEEBOBBY,

The Landlord would like his properties valued, would it be possible to gain access to your apartment this afternoon at 3.00 pm. Apologies, for the short notice, Unfortunately they contacted me on Friday afternoon, and I finished at 1.00 and didn’t pick up the message until this morning."

only moved into this property 2 months ago. In Belfast where prices are 40-50% down. looks like panic cgt selling perhaps.... i have emailed to see if its being valued with a view to selling.

dont know who the landlord is , and from letting agent its clear he has properties. this one was built in 2005 so hes down on his purchase regardless id say

Even if the property had gained anything the landlord still wouldn't be liable for much tax because he's only held the investment for five years.

As it stands he has decided to panic sell and pay CGT on his loss apparently!

Could be a troll, nobody is that thick surely.

The late arrivals to the game will get slaughtered and are likely to only have one property.

Again, clearly no comprehension of how the system works. Typical blind leading the blind. Good to see the asylum's still containing the loonies. God help us if they started leaking onto the rest of the internet.

StevieJ

ash28 wrote: »

I guess some people vote with their principles and not necessarily what is thought to be best available option at the time. When they feel those principles have been abandoned feel unhappy about it. And in the long run who knows what the best availabe option would have been. It may be this coalition or it may not.

You mean I vote for the party against child poverty but I hope they don't actually get elected because I don't actually want to pay for it

baby_boomer

Nothing odd or particularly controversial about the CGT change unless your name is Vulcan.

It's an obviously progressive thing to do and all credit to the coalition government.

The only odd thing is that New Labour didn't do it. Any regular Labour supporters care to suggest why they didn't have the "Balls" on this one ?

StevieJ

baby_boomer wrote: »

Nothing odd or particularly controversial about the CGT change unless your name is Vulcan.

It's an obviously progressive thing to do and all credit to the coalition government.

The only odd thing is that New Labour didn't do it. Any regular Labour supporters care to suggest why they didn't have the "Balls" on this one ?

Because they were more Tory than the Tories

[Deleted User]

Procrastinator333 wrote: »

Woodbine, out of curiosity, what do you think clegg should have done?

If he had refused any coalition, there would have been a minority government that flapped, got nothing done and resulted in another election in 6 months.

If he had gone in coalition with labour and the nationals and brown, it would have been an even more precarious coalition and he would have had to leave brown in power- not something many voters wanted to see. How long would it have lasted? We will never know, but I diont think very long. Browns authoritarian attitude would have broken it very quickly.

At least this way, sone of the lib dem policies get put in to practice,they get in the headlines and raise public awareness, they get a referendum on av, which is a step in the right direction. In the last 50 years, how many lib dem leaders have got any lib dem policies enacted?

But AV isnt what the lib dems really wanted they want PR or at least a vote on it,or they did.Brown resigned in order to clear a path for lib/lab govt,the truth is the lib dems en masse have little in common with the tories and more in common with labour,it will all end in tears.