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capital gains tax?? is the panic here??

new_home_owner_3
Posts: 1,191 Forumite
Ive just been on holiday for a couple of weeks , what actually happened? there was loads of post's on here about landlords flapping and selling, having looked at the details it will only affect high tax bracket payers, so i dont think it will effect many landlords.
Whats the generals concensus on here and where are all these depserate btl landlord properties???
Whats the generals concensus on here and where are all these depserate btl landlord properties???
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The house price crash has resumed, thats what happened.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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Chaos_A.D. wrote: »The issue is, what we have seen over the past 18 months was completely unsustainable built upon yet more borrowing, printing money, low IR's etc. As I have said for the past 18 months is that the ahem.... 'recovery' will come to an end after the election.
There have been what I consider to be some very bright 'bullish' posters on this forum, yet their failure to see what seemed to completely obvious as always had me puzzled. Reality I'm afraid, is here.
sock puppet for who, you joined in june 2010,who have you been for the last 18 months?:D:D:rotfl::rotfl: lol0 -
CGT is not paid by landlords.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
I've not checked the house buying forum for a while. Just had a quick peruse and found this one:
https://forums.moneysavingexpert.com/discussion/2565143
Brit steams in to impart his unquestionable wizard-like economic knowledge once again :rotfl: P1ss funny read.0 -
Chaos_A.D. wrote: »The issue is, what we have seen over the past 18 months was completely unsustainable built upon yet more borrowing, printing money, low IR's etc. As I have said for the past 18 months is that the ahem.... 'recovery' will come to an end after the election.
There have been what I consider to be some very bright 'bullish' posters on this forum, yet their failure to see what seemed to completely obvious as always had me puzzled. Reality I'm afraid, is here.
You can keep the recovery if it means we keep these low interest rates, things have never been so good as right now.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
Chaos_A.D. wrote: »I'm nobody's sockpuppet and seeing has you're a noob who joined in Sept 2009, you wouldn't have a clue:D. PM some of the posters who joined a few years ago and they may fill you in.
i rest my case sock puppet, i dont need to pm anyone and why would i? you made the statement i gave you the facts, if you want to hide behind another name fill your boots reettaaarddd.:D0 -
new_home_owner wrote: »Ive just been on holiday for a couple of weeks , what actually happened? there was loads of post's on here about landlords flapping and selling, having looked at the details it will only affect high tax bracket payers, so i dont think it will effect many landlords.
Whats the generals concensus on here and where are all these depserate btl landlord properties???
It'll likely affect most properties as I understand it if your income and the profit after deductions push you over the high tax band bracket then it's applicable to the 28%
There is no panic however:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Gorgeous_George wrote: »CGT is not paid by landlords.
GG
they pay it if they decide to sell, thats why they were all saying landlords will panic and sell now to avoid paying 40 percent in future.0 -
new_home_owner wrote: »they pay it if they decide to sell, thats why they were all saying landlords will panic and sell now to avoid paying 40 percent in future.
If they sell, they are not landlords.
I think you mean 'property speculators' will panic and sell now.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0
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