Tuesday, Jun 19, 2007
CGT loophole "exposed"
Times: Spree by super-rich raises prices even for first-time buyer
Gabriel Rozenberg and Helen Nugent think they've exposed the nom-dom CGT loop hole, but
the fact of the matter is there are plenty of financial savvy natives using off-shore "businesses"
to purchase sub million houses, to escape CGT, and hence push up prices outside of Chelskigrad.
And what do the treasury do ?
Posted by doomwatch @ 12:10 PM (165 views) Add Comment
3 Comments
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1. royston said...
Makes you wonder about Blair and Brown's faffing about with asbos, ID cards, the NHS, mis-measuring inflation, etc., while these white-collar master-criminals have been dipping in to all our pockets. Talk about asleep on the job! ...or maybe they were just 'incentivised' to look the other way!?
2. inbreda said...
This may make sense.
Why stop the housing boom when all the froth is caused by foreign money?
Increase IRs, bring down house prices, and keep the foreign investment.
3. Scott said...
Inbreda is right