Tag Archives: capital gains tax

LDV readers say: Tax Capital Gains and Income at the same level

By The Voice | Published 1st August 2010 - 12:25 pm

LDV posed the question last month (even before the Osborne/Alexander austerity emergency budget): Do you believe that as a matter of principle capital gains should generally be taxed at the same level as income?

Here’s what you told us:

    68% (946 votes) – Yes
    27% (371) – No
    6% (80) – Don’t know
    Total Votes: 1397, Poll ran: 10th June – 31st July, 2010

If you missed it at the time, it’s well worth having a read of the comments thread.

Posted in Voice polls | Also tagged | 11 Comments

A taxing mystery from yesterday in Parliament

By Mark Pack | Published 13th July 2010 - 10:29 pm

Liberal Democrat MP Julian Huppert tweeted yesterday:

In chamber listening to Finance Bill debate. Labour trying to reduce (!) capital gains rate from 28% to 25%. No, I don’t understand why!

Posted in Parliament | Also tagged | 8 Comments

Opinion: Liberal Democrats must not compromise on fairer taxes

By James Graham | Published 14th June 2010 - 2:20 pm

Today, the Social Liberal Forum has published an open letter to Nick Clegg and Danny Alexander expressing our concerns prior to the emergency budget which will be unveiled next week. By coincidence, Simon Hughes, Malcolm Bruce and Lord Oakeshot are reported in the FT today expressing similar sentiments on capital gains tax.

The SLF letter covers a lot more ground than CGT including socio-economic inequality, income tax and VAT. But it is a fundamental issue which, more than anything else, will determine the future direction of the coalition. For the past month, Tory backbench MPs and the rightwing press …

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Posted in Op-eds | Also tagged , , | 53 Comments

NEW POLL: Should capital and income be taxed at the same level?

By Mark Pack | Published 10th June 2010 - 6:50 pm

In amongst the debate over capital gains tax and the politics of whether the Budget leans more towards the previous Liberal Democrat or Conservative policies on the topic is a significant issue of principle.

The Liberal Democrats (and previously the Liberals in particular) have traditionally been much keener on the idea that the tax system should treat ‘unearned income’ more equally to earned income, and so tax more equally the growth in capital value of assets compared with salaries.

Of course the use of the word ‘unearned’ is itself the trigger for a whole range of debates as increase values …

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Posted in Voice polls | Also tagged , | 33 Comments

Danny Alexander issues a statement on his Capital Gains Tax affairs

By Helen Duffett | Published 31st May 2010 - 12:36 am

Danny Alexander has made a statement, following an article in the Telegraph on Sunday night, which reported that he had avoided paying Capital Gains Tax on a south London property in 2007:

My wife and I bought our property in Elspeth Road in 1999, we sold it and moved to the current property in June 2007.

Until the spring of 2006 this was the only property we owned. I had rented a place in Aviemore until then, we subsequently bought a place there and moved into it.

I have always listed London as my second home on the basis set out in

…

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Posted in News | Also tagged , | 97 Comments