CGT - Boomer generation victory as Cameron offers opt-outs

Turnbull2000

http://www.telegraph.co.uk/finance/personalfinance/capital-gains-tax/7806258/David-Cameron-backs-down-on-Capital-Gains-Tax.html

This is what bears need to understand. Most policies - whether it be property prices, healthcare or social spending - will be influenced by and designed to appease this huge demographic bulge at the expense of those unfortunate enough to be younger. I've been saying for weeks that there's no way Cameron would risk upsetting second home owners and BTLers in this age group. And here we are.

PasturesNew

Turnbull2000 wrote: »

this huge demographic bulge at the expense of those unfortunate enough to be younger.

Or poorer.

CGT has not ever - and will never - affect anybody in my family.

HAMISH_MCTAVISH

Turnbull2000 wrote: »

I've been saying for weeks that there's no way Cameron would risk upsetting second home owners and BTLers in this age group. And here we are.

And of course this bit......

Stanley Fink, the Conservative co-Treasurer warned in this newspaper last week that such a rise would lead to an exodus of talent from Britain.

Business and economy experts urging the government to reconsider have called the rise a "damaging mistake" and a "tax on growth, enterprise and jobs".

Dirk_Rambo

Turnbull2000 wrote: »

This is what bears need to understand. . I've been saying for weeks that there's no way Cameron would risk upsetting second home owners and BTLers in this age group. And here we are.

Truly we are not worthy, oh wise one.

CLAPTON

Turnbull2000 wrote: »

http://www.telegraph.co.uk/finance/personalfinance/capital-gains-tax/7806258/David-Cameron-backs-down-on-Capital-Gains-Tax.html

This is what bears need to understand. Most policies - whether it be property prices, healthcare or social spending - will be influenced by and designed to appease this huge demographic bulge at the expense of those unfortunate enough to be younger. I've been saying for weeks that there's no way Cameron would risk upsetting second home owners and BTLers in this age group. And here we are.

just to help us understand your point

maybe you could quote the number of baby boomers (presumably those born 1945 to 1965) compared to those born 1966 to (say ) 1992 and those born before 1945 just to show how much the baby boomers dominate the voting figures.

ManAtHome

Oh and a follow-on from Claption - the proportion of BBs who have more than one house...

chucky

Turnbull2000 wrote: »

http://www.telegraph.co.uk/finance/personalfinance/capital-gains-tax/7806258/David-Cameron-backs-down-on-Capital-Gains-Tax.html

This is what bears need to understand. Most policies - whether it be property prices, healthcare or social spending - will be influenced by and designed to appease this huge demographic bulge at the expense of those unfortunate enough to be younger. I've been saying for weeks that there's no way Cameron would risk upsetting second home owners and BTLers in this age group. And here we are.

it's getting very cold and lonely up on Hope Mountain - this is just another hope dashed for those hoping for a crash...

Turnbull2000

After whining for weeks, my mam's neighbour will certainly be pleased with this news. She owns outright the next property along, but rather than let it out and use it as a home, she opted to leave it empty and see it double in value since 2003 (treble since 1997). Being in her early 60's, she looks set to enjoy these possible concessions on offer from Cameron, with a massive gain made on hoarding land without lifting a finger. Meanwhile, the productive, working young will be taxed and repeatedly ground down to appease them.

Didn't Cameron just state the other week that such activate was neither useful nor desirable? Cameron has always come across as rather weak. Caving into to the demands of older second home owners and the BTL brigade just proves it once and for all.

ManAtHome

Not really news yet - news speculation maybe...

Could well be a crunch point for the ConDems though - tory back-benchers v dems front-benchers, wonder if any of the TBBs would be up for a (by-)election on 'no change to CGT' (or similar)?

CLAPTON

Turnbull2000 wrote: »

After whining for weeks, my mam's neighbour will certainly be pleased with this news. She owns outright the next property along, but rather than let it out and use it as a home, she opted to leave it empty and see it double in value since 2003 (treble since 1997). Being in her early 60's, she looks set to enjoy these possible concessions on offer from Cameron, with a massive gain made on hoarding land without lifting a finger. Meanwhile, the productive, working young will be taxed and repeatedly ground down to appease them.

Didn't Cameron just state the other week that such activate was neither useful nor desirable? Cameron has always come across as rather weak. Caving into to the demands of older second home owners and the BTL brigade just proves it once and for all.

how many voters own second homes or BLTs
how many voters don't


in the case of you mam's friend then why don't you report it to the local council as thay have powers to force the sale of empty property

Emy1501

Turnbull2000 wrote: »

http://www.telegraph.co.uk/finance/personalfinance/capital-gains-tax/7806258/David-Cameron-backs-down-on-Capital-Gains-Tax.html

This is what bears need to understand. Most policies - whether it be property prices, healthcare or social spending - will be influenced by and designed to appease this huge demographic bulge at the expense of those unfortunate enough to be younger. I've been saying for weeks that there's no way Cameron would risk upsetting second home owners and BTLers in this age group. And here we are.

Whats the big issue with CGT? Its all been speculation from the start. If the law comes in on June 22 not like anyone could have sold their 2nd properties anyway. So the telegraphs spins a story to support their stance on CGT and we are all to believe it? It maybe be proved to true it may be false no difference to all the nonsense guaranteed football transfers these papers dish out every day.

As for boomers mosts rely on yields as a pension like my parents and wouldn't be selling regardless of what happened. maybe a few would have sold if it did not come in until 2011 but I doubt it would be many.

The reason why more properties are coming to the market is end of hips. No need to wait for 2-3 weeks to market the property anymore. You may get a few flippers trying to sell quick but can't see anything more than that.

An increase in CGT may put off flippers and those trying to make a quick buck but nothing else.

I think some of you people trying to talk up the market maybe starting to panic with all these threads trying to tell us how the government will do anything to protect house prices.