http://edvaizey.mpblogs.com/2007/10/09/darlings-budget/ MP for Wantage and Didcot Tue, 6 Jan 2009 07:20:16 +0000 http://wordpress.org/?v=2.0.4 http://edvaizey.mpblogs.com/2007/10/09/darlings-budget/#comment-17870 Wed, 10 Oct 2007 01:28:08 +0000 http://edvaizey.mpblogs.com/2007/10/09/darlings-budget/#comment-17870 As I posted on Guido 2 hours ago, strangely this government has now reduced CGT on second homes from 40% to 18%. A massive saving if your second home(s)... lets not forget those in Bristol... has increased by 200% over the years of the Blair/Brown governments. Oh ghosh who will benefit from this most....all those labour MPs from the provinces who have bought second homes in the South funded by their generous second home allowance paid by we tax payers. In the meantime the businessman/woman about to retire having had their pension plot decimated by the removal of pension fund tax relief in Browns first budget, now finds an 80% increase on the tax they have to pay when they sell their business on retirement. Nice work if you can get it...no wonder Ed Balls and co were smiling. As I posted on Guido 2 hours ago, strangely this government has now reduced CGT on second homes from 40% to 18%. A massive saving if your second home(s)… lets not forget those in Bristol… has increased by 200% over the years of the Blair/Brown governments.
Oh ghosh who will benefit from this most….all those labour MPs from the provinces who have bought second homes in the South funded by their generous second home allowance paid by we tax payers.
In the meantime the businessman/woman about to retire having had their pension plot decimated by the removal of pension fund tax relief in Browns first budget, now finds an 80% increase on the tax they have to pay when they sell their business on retirement.
Nice work if you can get it…no wonder Ed Balls and co were smiling.

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