Capital Gains Tax

Campaigning and Policy

Is any one interested in changing the way that Capital Gains Tax is applied to property.

Basically it is a Tax on Inflation. We can do nothing about inflation and when the value of the poreprty moves up with inflation it only represents the same value for money. But then we have to pay CGT at either 18% (basic rate income tax) or 28% (higher rate Income tax) when we sell. This reduces the original investment by a huge amount.

In effect this penalises landlords who would like to sell to get out or sell to reinvest where the tenant demand is needed.