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How to correctly gift shares to spouse, CGT changes
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scoobyjones1 said:eskbanker said:scoobyjones1 said:eskbanker said:scoobyjones1 said:eskbanker said:scoobyjones1 said:The big picture here is the way they have cut CGT allowance AND frozen the personal allowance at a time of huge inflation. This means now that the State Pension is just below the allowance and anyone that worked and tried to build themselves a better, private pension is being taxed again. The allowance is too low for everyone, including pensioners. I also find it amazing that people seem to justify this or just accept it. We are being clobbered for tax at a level not seen since WWII. Is no one else upset about that?!
Obviously nobody likes paying tax, but equally the country's public services (and debt burden) need to be funded somehow - however, anyone under the impression that this government's policies are unfair or unreasonable will have the chance to cast their vote elsewhere next year, if they believe that'll improve the situation....1 -
eskbanker said:scoobyjones1 said:eskbanker said:scoobyjones1 said:eskbanker said:scoobyjones1 said:eskbanker said:scoobyjones1 said:The big picture here is the way they have cut CGT allowance AND frozen the personal allowance at a time of huge inflation. This means now that the State Pension is just below the allowance and anyone that worked and tried to build themselves a better, private pension is being taxed again. The allowance is too low for everyone, including pensioners. I also find it amazing that people seem to justify this or just accept it. We are being clobbered for tax at a level not seen since WWII. Is no one else upset about that?!
Obviously nobody likes paying tax, but equally the country's public services (and debt burden) need to be funded somehow - however, anyone under the impression that this government's policies are unfair or unreasonable will have the chance to cast their vote elsewhere next year, if they believe that'll improve the situation....1 -
I don't think that the Truss saga fundamentally discredited the principle of economic stimulus! The way she went about it, and the timing, and other circumstances, may have combined to produce an epic fail, but that doesn't extrapolate to a valid generalisation....
IReed2
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