Quote:
Originally Posted by mrmistoffelees
Sorry, I agree with others , if I’ve worked to earn the money and already paid tax/NI then if I choose to invest it why exactly should I be taxed again ?
I’m getting very tired of HMRC spanking me at every opportunity not even interest on my savings is safe
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You misunderstand my point. I am not suggesting taxing your money twice and again, this point does not apply to 95+% of the population unless your net worth is in the tens of £millions
If you have large amounts of capital, assets, etc. that increase in value or generate income then you should pay tax on these increases at the rate everyone else does. Why should a multi millionaire/billionaire have an effective tax rate of a fraction of, for example, a nurse or care worker.