Wednesday, Oct 10, 2007
Capital Giains not looking too tax efficient anymore David ?
Economicsuk.com: Held at 5.75%
Poor David is running out of bullets.
Posted by doomwatch @ 02:05 PM (577 views) Add Comment
7 Comments
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1. little professor said...
Who is david?
2. paul said...
I love the way he says (in the comments section) that BTL is a non-starter but then tries to paint a much rosier picture for them in his selective figures:
"Third, a survey I saw recently suggested that the average debt to property value ratio for private equity landlords is under 40% spread across a portfolio. This means, firstly, that returns are better than they look in relation to debt and, secondly, that they may still add low return properties to their portfolios in anticipation of those long-term gains."
According to a survey? According to curernt values as well? He's the ultimate lazy economist - using statistics like a drunk uses a lamppost.
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4. David Smith's Sub Prime. . . said...
He is wrong so much of the time that I think eventually the Times may have to do an Ernest Rhom....
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