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Allow Taper Relief on Capital Gains Tax

Comment 6th July 2010

Without Taper Relief speculators who destabalise share prices and property prices for short term gain pay less CGT while people who buy shares as a long term investment and property to let for long periods pay more CGT.

Why does this matter?

It makes no sense to reward speculation which makes no social or economic contribution while penalising long term investment which does contribute.

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