@bphillipsonMP Not taxing something isn’t a subsidy you retard. You’ve also not increased state school teachers. I think a fairer description of you would be one of Mao’s red guard.
@muttley911@BenedictSpence They’re not British and a drain on our society. It’s pretty simple. Wouldn’t expect a dribbling spastic as yourself to understand that though…
@DanNeidle Dan you can’t be serious? I will do everything in my power to sell my business before this increase or move abroad. Why would anyone invest in the uk when facing 45% capital gains?
@TobiasTaylor@JimQbert Would it not be better for all to just increase the tax free personal allowance so to 25k so no one in full time employment needs UC?
@DanNeidle@BurnsideWasTosh@rcolvile@Dom_Hallas In fairness it doesn’t “cost” anything. That would mean the business was the states and they ever so graciously allowed you to keep some of it. Not taxing something isn’t a subsidy.
@DanNeidle It’s actually incredibly simple. Reinstate full BPR but remove the reset of capital gains on death. Business transfer without any hindrance, and HMRC still get their 24% on any sale.
@DanNeidle It’s pretty simple that the rates are too high, same for IHT. Reduce the rates to 10% and remove all allowances. The motivation to avoid is gone. People won’t bulk at it. The fact we spend ludicrously should be addressed separately so we can have reasonable rates.
@DaleVince It’s not an abundance of money though is it. It’s mostly shares in businesses. How many times does it need to be said, you can’t tax unrecognized gains. To suggest otherwise makes you as stupid as you look.
@jakeshieldsajj Jake what are you talking about? Dresden was retaliation for the Blitz. Not saying it was right, but all sides targeted civilian population centres with carpet bombing in WW2.