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tweetiepooh · 08-09-2022, 11:03

You main home is exempt from capital gains, and to an extent I don't have an issue with taxing capital gain but to tax actual wealth does not seem a good move.
People can gain wealth by spending which may be taxed, why should that be taxed again? I feel the same about inheritance tax that could bankrupt if they gain wealth but not cash.

08-09-2022, 11:03	#58
tweetiepooh Virgin Media Employee Join Date: Sep 2005 Location: Winchester Services: Staff MyRates BB: VM 1Gb TV: VM XL Phone : VM XL Posts: 3,347	Re: Is it time to leave the UK? You main home is exempt from capital gains, and to an extent I don't have an issue with taxing capital gain but to tax actual wealth does not seem a good move. People can gain wealth by spending which may be taxed, why should that be taxed again? I feel the same about inheritance tax that could bankrupt if they gain wealth but not cash. __________________ I work for VMO2 but reply here in my own right. Any help or advice is made on a best-effort basis. No comments construe any obligation on VMO2 or its employees.