

Fatmanfilms
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Perhaps they were furloughed or lost their job, so no longer were eligible for the mortgage.
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CGT is based on the value of the asset, even if given away or sold for £1
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Even at the same rate of tax you will pay more if you earn more, so the current system is fair, everyone should pay more if we need more money to be collected.
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Examples of big & multiple drops
Fatmanfilms replied to Sausage's topic in House prices and the economy
Since there was 3.8CHF to the £ in 1971 & 1.18 now The Swiss property was a hugely better investment in £ terms 58% better if my back of an envelope calculations are contact. UK House £100 = £346 Swiss House CHF 100 = 170 x 3.22 =£547 547/346 = 1.58 However I believe London property has increased 30-40 times since 1970, so perhaps thats after inflation. -
The Bubbly Bitcoin Thread -- Merged Threads
Fatmanfilms replied to NatterJackToad's topic in House prices and the economy
If you return to the UK within 5 years then the CGT needs to be paid. Getting out of UK tax is not that easy either.... -
Gold strategy in the current economy
Fatmanfilms replied to Lepista's topic in House prices and the economy
Gold hit $850 in January 1980 average house was £20k or $45k USD so 53 Oz of gold then. -
FTSE 100 "a pretty rubbish investment", change my mind
Fatmanfilms replied to reddog's topic in House prices and the economy
Not passive, I have been an investor in www.fundsmith.co.uk for over 7 years, my first investments have tippled, it's a good strategy I have followed Terry Smith for nearly 30 years -
Is Prime London Crashing? - Merged Threads
Fatmanfilms replied to Damik's topic in House prices and the economy
So she paid £2,050,000 most price values it at £3,489,000 -
All my pension funds & PEPs now ISA's are up 5 to 10 times over 30 years. Performance has improved since transferring everything in to www.fundsmith.co.uk nearly 6 years ago.
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Since 1965 the S&P 500 index has had annualised returns of 9.7%, $10,000 became $1.28 million, had you invested in Berkshire Hathaway your $10,000 would be worth $197,000,000. Very low long term risk & a hassle free return.