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Farm Business
Agricultural Matters
Lord King WTAF
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<blockquote data-quote="DaveGrohl" data-source="post: 8149878" data-attributes="member: 3563"><p>And then, thanks to Gordon Brown and his removal of indexation allowance, when you come to sell your asset in 20 years time the govt will take away a large portion of your increase in value, thereby helping themselves to the inflation they’ve created, so you’ve basically lost a lot of money in real terms even though you thought you’d merely kept pace with inflation because your asset was appreciating.</p><p></p><p>The man was an utter scumbag of the highest order and a clever imbecile (if there is such a thing). What I can‘t work out is why no Tory has thought to remove this Brown legacy. Can only assume they understand that it’s a fabulous stealth tax that helps balance the books that are in a shocking state.</p></blockquote><p></p>
[QUOTE="DaveGrohl, post: 8149878, member: 3563"] And then, thanks to Gordon Brown and his removal of indexation allowance, when you come to sell your asset in 20 years time the govt will take away a large portion of your increase in value, thereby helping themselves to the inflation they’ve created, so you’ve basically lost a lot of money in real terms even though you thought you’d merely kept pace with inflation because your asset was appreciating. The man was an utter scumbag of the highest order and a clever imbecile (if there is such a thing). What I can‘t work out is why no Tory has thought to remove this Brown legacy. Can only assume they understand that it’s a fabulous stealth tax that helps balance the books that are in a shocking state. [/QUOTE]
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