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Reit Tax Loss Forces Rethink By Government

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****, if they are choking on the tax losses from REITs just wait 'til they see the losses from SIPPs when the new rules are introduced next year! No capital gains tax, no income tax on rental income, a bl00dy great tax rebate for higher-rate taxpayers on whatever they put in, the list of handouts goes on and on.......if Gordon thinks his finances are bad now just wait until he has to give back 40% of every pound of income tax he receives from higher-rate SIPP-holders. Our only hope is that the government finances are so bad by that point that they will have to knock SIPPs on the head because they can't afford it.

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****, if they are choking on the tax losses from REITs just wait 'til they see the losses from SIPPs when the new rules are introduced next year! No capital gains tax, no income tax on rental income, a bl00dy great tax rebate for higher-rate taxpayers on whatever they put in, the list of handouts goes on and on.......if Gordon thinks his finances are bad now just wait until he has to give back 40% of every pound of income tax he receives from higher-rate SIPP-holders. Our only hope is that the government finances are so bad by that point that they will have to knock SIPPs on the head because they can't afford it.

I think you've got it wrong. Regardless of the rule change next April, Pension contributions to SIPPS (and any other approved pension scheme) already attract tax relief at marginal rate i.e. people can already contribute a year's salary and get full tax relief. This will only cost the government more if the overall contributions rise.

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  • 301 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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