scroungers redux

[moorlad]

Can't see it being more than 75,000 is what I wrote. You've missed stamp duty, an considerable deduction which I mentioned (and you either never noticed or ignored) as well as the inflation allowance, also considerable over almost 20 years.

Flipping is wrong, and should be punished in my view.

If it weren't moot, would she be allowed the allowable deductions then? Or do you still think she'd be avoiding tax by doing that?

[moorlad]

And by the way I never asked you to be specific. I just challenged your inflated assessment off of her taxable gain. 75,000 would be much closer to what she'd be likely to owe than 280,000.

[cpw_cpw]

Can't see it being more than 75,000 is what I wrote. You've missed stamp duty, an considerable deduction which I mentioned (and you either never noticed or ignored) as well as the inflation allowance, also considerable over almost 20 years.

Flipping is wrong, and should be punished in my view.

If it weren't moot, would she be allowed the allowable deductions then? Or do you still think she'd be avoiding tax by doing that?

what, is the stamp duty inflation linked too? SD on the original price is inconsiderable.

no idea what the inflation allowance is. you'll have to enlighten me.

i take exception to someone who has had their mortgage and repairs paid by the tax payer using them to offset tax, but the other deductions are fair enough.

[Markovitch]

Do you still get indexation allowance? Back to March 82 as I remember. Thought it was abolished

[moorlad]

It was replaced by taper relief, then that was abolished, she may qualify for part of those (not done a CGT for many years).

Also transfers between spouses aren't liable to CGT. As well as that I have seen spouses with 2 separate homes living one in each as their main home and haven't paid any CGT. If she lived in a house 5 days of the week and he in another house all the time she'd have nowt to pay at all. No idea where their respective houses were.

I can't stand the idea of flipping to save tax, it is wrong (although within the law) and is one of the things I see as evasion and not avoidance.

[Floppy_funbags]

****ing hell it gets more like reading Deloitte and Touche's year end reports on here every day.

[cpw_cpw]

still waiting for a breakdown of how you arrived at that 75k figure, moor.

tick tock.

[just_joe]

still waiting for a breakdown of how you arrived at that 75k figure, moor.

tick tock.

Don't hold your breath.

As soon as the heat goes up, moorgirl vanishes.

Anyway, he likes to get into the weeds rather than dealing with the big picture.

I mean, the point is not exactly how much was deducted here and there. The point is that it's one rule for the rich and another for the poor.

More than that, sad lower-middle class ****s like moorgirl don't even realize they've been brainwashed into hating the poor while tongue-reaming the brown rings of those cheaters, liars and frauds who're better off than him.

The saddest example of the stereotypical middle-england chump!

[moorlad]

still waiting for a breakdown of how you arrived at that 75k figure, moor.

tick tock.

I know it takes an few efforts to get stuff through that thick skull off of yours, but I explained twice that I didert arrive at any figure. I said I couldert see it being more than 75,000 or weren't youse reading what I wrote again?

As you are most likely aware, because I explained in detail last night, without knowing the full details off of all the transactions relating to the particular property from purchase to sale date an accurate taxable gain is impossible to arrive at (even then without knowing their CGT history you wouldn't be able to tell what tax they'd of to pay, either individually or as an couple).

Suffice to say that your ridiculously sensationalist proclamation about 280,000 was massively wide off of the mark.

[moorlad]

still waiting for a breakdown of how you arrived at that 75k figure, moor.

tick tock.

Don't hold your breath.

As soon as the heat goes up, moorgirl vanishes.

Anyway, he likes to get into the weeds rather than dealing with the big picture.

I mean, the point is not exactly how much was deducted here and there. The point is that it's one rule for the rich and another for the poor.

More than that, sad lower-middle class ****s like moorgirl don't even realize they've been brainwashed into hating the poor while tongue-reaming the brown rings of those cheaters, liars and frauds who're better off than him.

The saddest example of the stereotypical middle-england chump![/quote]

CGT is chargeable on all gains, made by anybody in the UK Jojo. The law is, I'm afraid, the same for all UK taxpayers. Why don't you read what was posted, before just throwing your toys out and flo