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The Masked Tulip

Redwood Wants 0% Cgt

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Asking people to write in, campaign for his idea of 0% CGT on anything you have owned for more than 5 years!

So, if there had been a Tory Govt is this what we would now be seeing? All the HPCers waiting for the Tories to get in for a HPC would have discovered 0% CGT!?

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Works well in Hong Kong, as it encourages people to invest in the stock market (read gamble) instead due to the huge volumes of trade they make money via stamp duty.

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Works well in Hong Kong, as it encourages people to invest in the stock market (read gamble) instead due to the huge volumes of trade they make money via stamp duty.

He wants this on things you own for 5 years or more - i.e. property, art, wine, gold.

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well it would help the rich the most so maybe the tories will agree with him

he is trying to get his pension ducks lined up in a row

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Asking people to write in, campaign for his idea of 0% CGT on anything you have owned for more than 5 years!

So, if there had been a Tory Govt is this what we would now be seeing? All the HPCers waiting for the Tories to get in for a HPC would have discovered 0% CGT!?

John Redwood needs to face the fact that he is now an MP without a party. The sort of Right wing nutter consersvative party he wants to belong to does not exist any more.

He should leave at once and force a by-election and stand as an Independent Conservative.

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Asking people to write in, campaign for his idea of 0% CGT on anything you have owned for more than 5 years!

So, if there had been a Tory Govt is this what we would now be seeing? All the HPCers waiting for the Tories to get in for a HPC would have discovered 0% CGT!?

Ha. They won't be able to afford that!

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Ha. They won't be able to afford that!

Theres the rub, there are simply not enough taxes coming in anywhere else to cover such a move, and as id expect Corporate tax and income tax to fall further through the floor over the coming years due to insolvencies and unemployment, the only things coming in this paliament will be new taxes left right and centre

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Ha. They won't be able to afford that!

0% CGT on business assets after 5 years is brilliant. It would stimulate massive volume of investment in long term growing businesses - and bring in buckets more tax than the current systems.

The system is completely screwed currently:

1) 18% flat rate encourages pump and dump - quick money

2) There is a 5% shareholding threshold for the Entrepreneurs Relief currently, so any founders of a business that has been investment diluted or floated do not qualify for it

So there is currently *zero* incentive to remain in an investment for any period.

0% CGT on 2nd homes, art, normal shares etc. is insane

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He wants this on things you own for 5 years or more - i.e. property, art, wine, gold.

So he essentially wants tax free hoarding. He has a blog you know, where you can vent your spleen. You don't even have to register, though it is moderated: http://www.johnredwo.../#comment-63565 . I seem to have posted the following rant:

What a load of utter rubbish.

What makes an investment productive or speculative isn't primarily about the term of the investment, it's about whether the investment adds value to the economy, or just removes an existing asset from the market.

CGT at 0% on the productive investment of capital: OK then.

CGT at 0% on the speculative hoarding of life's essentials: NO.

For example; the hoarding of residential property, in the hope of the resultant shortage driving up prices, is exactly the same as the hoarding of corn for the same reasons. It would appear that the New Whigs get this, wheras you just have some speculative investment you want to unload.

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Guest happy?

Asking people to write in, campaign for his idea of 0% CGT on anything you have owned for more than 5 years!

So, if there had been a Tory Govt is this what we would now be seeing? All the HPCers waiting for the Tories to get in for a HPC would have discovered 0% CGT!?

John Redwood consistently sings from the same hymnsheet - shame it didn't have the words to the Welsh National Anthem on it.

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It's a good plan as it will encourage investment, also wages should be taxed at 0% to encourage people to work. Unfortunately beer and cigarettes will have to cost £200 a pint/pack to compensate.

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It's a good plan as it will encourage investment, also wages should be taxed at 0% to encourage people to work. Unfortunately beer and cigarettes will have to cost £200 a pint/pack to compensate.

Don't be daft.

VAT should be 0% to encourage people to spend.

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Redwood is a banksters apologist, firmly in the camp of the City.

I asked him why we couldn't let the banks go down at the time of Northern Rock and then HBOS, RBS etc.

He trotted out the banksters tired old lines about a deflationary debt spiral.

So it's not a big surprise he wants 0% CGT! :rolleyes:

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Don't be daft.

VAT should be 0% to encourage people to spend.

I don't know about you, but I am encouraged by the calibre of Britain's elected representatives at this difficult time.

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Its all very well having these great ideas, the fact of the matter is we are deep trouble and need to raise money, so some difficult choices have to be made.

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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