The Growing Cgt Rebellion:

[The Masked Tulip]

Mail and Telegraph out in force against CGT - what chance do we stand?

http://www.dailymail.co.uk/news/article-1282360/The-growing-CGT-rebellion-Fear-tax-grab-sparks-mass-sale-homes-shares.html

[Guest The Relaxation Suite]

Mail and Telegraph out in force against CGT - what chance do we stand?

http://www.dailymail.co.uk/news/article-1282360/The-growing-CGT-rebellion-Fear-tax-grab-sparks-mass-sale-homes-shares.html

We stand a good chance either way. If they do the right thing ethically and economically and reinstate the tax to the original 40% with taper relief, house prices will fall. If they decide to ****** the poor and protect the tiny percentage of VIs and other rich, we continue on the same path that has led us to this economic state (ruin) which will in turn induce an even bigger collapse, possibly bloody, at some point in the near future.

[Chest Rockwell]

Mail and Telegraph out in force against CGT - what chance do we stand?

http://www.dailymail.co.uk/news/article-1282360/The-growing-CGT-rebellion-Fear-tax-grab-sparks-mass-sale-homes-shares.html

A very good chance! Whilst the opportunist floating voter that went NuLab in 97 will hate this, the real Labour voter will love it! A minted Tory will always be a minted Tory...the pretend 'Business People' of the Blair/Broon years (estate agents etc) are going to be slammed back into their box!

The shires won't give a shit, the inner city Labour folk will love it whilst the idiotic gamblers of the Blair years will hate it! All in all, Cameron is heading for a landslide in 2015!

Don't forget that the big guns came out in force against the Windfall Tax in 1997...it still went ahead!

Edited May 29, 2010 by Chest Rockwell

[rxe]

If they do the right thing ethically and economically and reinstate the tax to the original 40% with taper relief, house prices will fall.

Not sure about house prices, but I wouldn't be overly unhappy with 40% and a sensible taper relief. It always amazed me that Labour brought in a CGT regime that was optimised for speculation. I'd be inclined to make it identical to income tax, with a taper relief to zero after 10 or 15 years. Long term investors (in any asset class) get relief, speculators get hit.

[Zzzzzzzzzzzzzzzzzzzzzzzzzz]

If you read the comments under the Daily Mail piece, you'll see that most readers support the CGT increase.

[funkydung]

Everywhere you look the media are squealing like piggies with their snouts caught in the trough. It just goes to show how many writers, editors, presenters and producers have property portfolios that they have built up over 10 years of media-pumped, property ramping.

Squeal piggy, squeal.