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Originally Posted by xor
If CGT ever did get implemented how would it be applied? From the time legislation is passed? retrospectively? How would you measure it against a house that was purchased for 10K 30years ago?
Accountants will ensure that those with a lot of equity don't get fucked by the taxman  |
I have absolutely no idea ... I am neither lawyer nor home owner, just an interested/curious reader about such things. I imagine it would be from the time legislation is passed if/when it gets introduced.