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Farm Business
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Lord King WTAF
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<blockquote data-quote="livestock 1" data-source="post: 8149970" data-attributes="member: 106502"><p>Yes are you on about the 40% capital gains tax?</p><p>Those of us who have worked hard to purchase some form of asset have become somehow unable to sell it due to this tax. I think you can claim euntrapunerial ( don’t know how to spell it) tax relief once in a lifetime but it’s only a discount on the original 40%. So anyone who is savvy just rolls it over into more property land or a business and sits there without banking it hence putting stress on the financial system that the same person uses more debt to run and develop their business. So it gets worse then the more borrowed on Joe bloggs books the less likely an interest rake hike will be feasible therefore the well off retired don’t get any interest on investment. Just a vicious circle</p></blockquote><p></p>
[QUOTE="livestock 1, post: 8149970, member: 106502"] Yes are you on about the 40% capital gains tax? Those of us who have worked hard to purchase some form of asset have become somehow unable to sell it due to this tax. I think you can claim euntrapunerial ( don’t know how to spell it) tax relief once in a lifetime but it’s only a discount on the original 40%. So anyone who is savvy just rolls it over into more property land or a business and sits there without banking it hence putting stress on the financial system that the same person uses more debt to run and develop their business. So it gets worse then the more borrowed on Joe bloggs books the less likely an interest rake hike will be feasible therefore the well off retired don’t get any interest on investment. Just a vicious circle [/QUOTE]
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Lord King WTAF
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