Saturday, May 15, 2010
2nd home house tax
The Times: Tax on wealth to hit one million
Who would have thought it? It looks like the coalition are going to increase tax to 40% on 'none business asset' to 40%, which will include second homes. If this is introduced in the emergency budget on a delayed basis (April 2011) we can expect a deluge of people trying to offload property, becuase the increase in tax is the equivalent of 20% drop in house prices.
Posted by britishblue @ 11:19 PM (234 views) Add Comment
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