Wednesday, February 6, 2008
Sell your holiday house before april the 6th if you have had it a while!
As basic rate taxpayers they will have to pay tax at 20% making their bill £4,000. Under the new regime, they will be taxed on £76,100 after using their personal exemptions, making their bill a whopping £13,698 - more than three times as much...... The people that bought a second home before 1998 should sell now before you get stitched up! And the sheeple that bought after will probably flood the market for their 18% tax break (on what's left of their profit by then!!!)