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the end is a bit nigher

Is Now The Time To Tax Property Speculation Properly

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Now that the piggies have had their snouts removed from the property trough, they will have little or nothing to gain from ever rising prices. Hence, is now the time to close the tax breaks on BTL property? I think so. The Irish have started to do it and will increasingly do so with following budgets. As we need to raise tax revenue, I think this is a perfect way to do it.

Thoughts please.

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The tax receipts are at record lows.

How does one stoke the fires of socialism without taxes? One does not.

Who, or what, has something left to tax in Britain?

There are only three: Private enterprise, capital investment, and property.

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The tax receipts are at record lows.

How does one stoke the fires of socialism without taxes? One does not.

Who, or what, has something left to tax in Britain?

There are only three: Private enterprise, capital investment, and property.

One prints, borrows, sells off state assets or considers anything else usually associated with despotic socialism.

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Not all BTL is greed.

I have a BTL so my dad can live in a decent place. He didn't qualify for a council place but couldn't get a mortgage, so I helped him via BTL.

It was in 1998 so lucky because his house is now triple its purchase price. He pays for it, its his house.

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The question should not just be should we tax capital gains on BTL but on all property, there is a massive black hole in the public finances, soon everything not just people doing things we personally dont like ( such as 150k+ or BTL ) will have to be taxed to death, the govt will soon run out of easy targets and residential real estate will be the only golden goose left to pluck ...

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