Quote:
Originally Posted by M25 WAR
How many of you will fall foul of the new policy of raising CGT on the sale of 2nd properties from 18% to 40% or 50%?
As Norman Tebbit once said "get on your bike to find work", which is exactly what I did 2.5 years ago, and now I have 2 properties I'm going to get shafted.
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No you're not. You will only have to pay tax on the difference between what you paid for the property and what you sell it for, if you sell it. If you don't sell then it makes no difference. In the meantime you, and all the other people who own more than one house, have reduced the availability of houses so pushing up the price for people who haven't even got one. But never mind that, you just have a good old moan about how hard done by you are and concern yourself not about how you are 'shafting' other people.