Capital Gains Tax: an outrageous list of advice

In a shocking list of advice being given out about capital gains tax, MPs were told:

“Don’t forget to claim expenses”

“Become a butterfly and flit between homes”

“Exploit personal allowances and minimise rates” and more.

The advice urges people to make use of “a range of little-known tax breaks” and quotes a tax advisor saying, “It is possible to reduce a tax bill of a few hundred thousand pounds to virtually zero”.

Oh wait. Hang on. That’s a list of advice that was written for the public and not just MPs, wasn’t it? And the list was written by the Daily Telegraph. Ooops.

Hat-tip: Allan Knox

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