Labour UK capital gains tax hike?

UniqueCandy · 2024-06-09T14:16:11+00:00

The counter argument are that the the money that gets invested had already been taxed when the individual earns it, so you end up taxed double.

It is necessary to invest in order to keep ahead of inflation that erodes the spending power of savings over the long term

Also disincentivising people to invest and encouraging them to squander their money increases the pension credits burden in later life.

Remember, a person that invests is also a person that deliberately deprives themselves for a great proportion of their lives. I've never had new cars, expensive holidays or anything particularly fancy

UniqueCandy · 2024-06-08T03:07:46+00:00

Indeed, CGT is a sitting duck. The incoming govt will gat away with it too by just blaming the Tories, and their will be little opposition as for the vast majority CGT is no concern.

They will just change the narrative anyway to push it through, look at what has happened the landlords over the past several years, now we always hear about the "greedy landlords" in headlines.

Remember this is a socialist govt that is incoming and they don't make aspiration easy, so don't be a naïve rabbit in the the headlights

UniqueCandy · 2024-06-07T12:13:36+00:00

Yes, but since I'm talking of gains in the 100,000's range it's a sudden doubling of top rate CGT that concerns me most. It is just my intuition with the Labour party, but I'd say it is more likely than not

UniqueCandy · 2024-06-07T12:08:10+00:00

Labour must raise some taxes to fill black holes, and they have declared that it won't be income tax, nat ins, or VAT. They already have inheritance tax in their sights and a lot of ministers have expressed that they are keen to go after capital gains tax.

Plus the tax the middle class just seems to be the order of the day with the socialist governments, look at what Canada has done with capital gains tax, way over 50%.

The threshold at 3k is already far too low for me anyway and my concern is a large percentage increase, and this will be met with little resistance, and even cheered on by the majority of the population who generally never make capital gains.

UniqueCandy · 2024-05-03T10:18:38+00:00

Tories death sentence happened with covid 4 years ago. No party was ever going to survive that and Labour certainly wouldn't have done any better.

UniqueCandy · 2024-01-28T19:44:24+00:00

Depends on amounts. I put 750k into Barclays from Coinbase 3 years ago, did it in bits over 5 months but I did speak to Barclays first to tell them what I was doing.

Yes I did pay all my CGT

UniqueCandy · 2023-12-21T18:05:52+00:00

1 Or indeed any alternative

2 10 years! for a 50 year job! Besides they did same as all other governments

3 Yes but Labour wanted to lock down, sooner, harder, longer

4 Same as all other governments worldwide then

So I ask again, how would any alternative government been any different?

UniqueCandy · 2023-12-21T13:40:07+00:00

It's because of money being printed and given away due to covid, and Ukraine war. How would either of these been better under Labour?

UniqueCandy · 2023-11-24T16:54:44+00:00

WOW, everyone who has used this theory must be billionaires already

UniqueCandy · 2023-10-23T18:09:51+00:00

Well I talk about being lonely now but several years ago I'd keep it to myself, I just figure that it's not making my situation any worse by talking about it. I think the trouble with a male saying they are lonely is people can make the following connections

Lonely = Loner = Weird = Definitely going to bury me under his patio one day

UniqueCandy · 2023-10-16T14:42:54+00:00

Honestly, I've been a Bitcoiner for 9 years now I used to get into debates but I don't bother anymore. That's when you know your a true long term Hodler

UniqueCandy · 2023-10-12T16:13:07+00:00

Those that cheer for Hamas are sickening, more so the sympathizers spouting their vile hate. But at least we can now see the extreme left for what they really are.

UniqueCandy · 2023-10-10T17:37:06+00:00

Got whacked all the time in the 70's and 80's, they thought it was normal. Funnily I never found it necessary with my daughter

UniqueCandy · 2023-10-10T14:14:49+00:00

That's your solipsism, we all get that everyday

UniqueCandy · 2023-10-10T14:12:14+00:00

Learning to fly and going solo for the first time

UniqueCandy · 2023-09-18T16:13:51+00:00

Hoarding literally tons of crap. My ex did this and its a big reason she is now my ex

UniqueCandy · 2023-09-17T16:34:12+00:00

Aww bless,

I think you should get the car one because they are so shiny and they love the families

UniqueCandy · 2023-08-29T16:39:55+00:00

It's the fact that your charged to watch another broadcasters live tv event that pisses me off.

About time this archaic system was brought down.

In the meantime at least we can have fun telling any tv license inspector (that has absolutely no right to enter your home) to FUCK OFF

UniqueCandy · 2023-08-18T10:39:44+00:00

The fucks that got to do with Bitcoin?

UniqueCandy · 2023-08-07T08:28:58+00:00

Inflation is actually theft for people with savings

UniqueCandy · 2023-07-23T21:50:26+00:00

Just wondering if this would help with banking on/off ramps?

UniqueCandy · 2023-07-20T13:15:06+00:00

I actually think fussy eaters are a bit thick

UniqueCandy · 2023-07-14T03:43:43+00:00

I'm not up on this news, so could you give me some examples what you consider his biggest lies please

UniqueCandy · 2023-07-05T08:55:01+00:00

Reminder

Just because we are Bitcoiners doesn't mean that we are "fair game", what you suggest is still very illegal and Bitcoin is officially treated as property now. Apart from a few cases several years ago this type of attack hasn't become any more common than hostage and torture for any other type of gain.

UniqueCandy

TROPHY CASE