Capital Gains Tax

The government should provide an on-line calculator for calculating capital gains on shares and unit trusts.

Investors should not have to go back more than, say, twenty years.  They should be able to base capital gains calculations on an asset’s value twenty years previously.

Investors should be given the choice of calculating the actual capital gain or using a simplified approach which assumes a notional capital gain equal to, say, half the sale proceeds.

Saving plan statements should include a record of the total investment to date including any reinvested income.
 

Why is this idea important?

The government should provide an on-line calculator for calculating capital gains on shares and unit trusts.

Investors should not have to go back more than, say, twenty years.  They should be able to base capital gains calculations on an asset’s value twenty years previously.

Investors should be given the choice of calculating the actual capital gain or using a simplified approach which assumes a notional capital gain equal to, say, half the sale proceeds.

Saving plan statements should include a record of the total investment to date including any reinvested income.
 

Renting

If a minimum term is required it should not exceed six months from when the tenant first moves in with no further minimum terms allowed.  Tenants could reasonably be charged a penalty of, say, two month’s rent if they leave within six months.

A non-student sharing a house or flat with students should be charged council tax only on his share of the dwelling, not on the entire dwelling.

 

Why is this idea important?

If a minimum term is required it should not exceed six months from when the tenant first moves in with no further minimum terms allowed.  Tenants could reasonably be charged a penalty of, say, two month’s rent if they leave within six months.

A non-student sharing a house or flat with students should be charged council tax only on his share of the dwelling, not on the entire dwelling.

 

Pre-payment meters

Pre-payment gas and electricity meters should not have any facility allowing the build up of debts that are likely to be passed on to the next occupier.  Standing charges should be suspended for any period during which there is no credit on the meter. 
 

Why is this idea important?

Pre-payment gas and electricity meters should not have any facility allowing the build up of debts that are likely to be passed on to the next occupier.  Standing charges should be suspended for any period during which there is no credit on the meter. 
 

Reducing the burden of regulation

The main cost of regulation is often not the cost of enforcement or even the cost of compliance but the delays involved in the system.  If someone has to wait two months before starting a job because it takes two months to obtain police clearance, that is a major cost.

With computerisation, it should be possible to process most types of application to government departments or local authorities within a few days.

Regulation should where possible consist of informing consumers.

Government websites are often difficult to use or do not operate as intended.  You should devote more resources to web site development.

Users of government web sites (eg. the Land Registry) requiring only information (not submitting information) should not have to register or remember pass words.

My wife who recently reached 60 has received a form requiring her to claim half our winter fuel allowance.  I consider that a waste of time.  Where two people of pension age live at the same address, the winter fuel allowance should automatically be paid to the older one unless the other elects to apply for a half share.

Why is this idea important?

The main cost of regulation is often not the cost of enforcement or even the cost of compliance but the delays involved in the system.  If someone has to wait two months before starting a job because it takes two months to obtain police clearance, that is a major cost.

With computerisation, it should be possible to process most types of application to government departments or local authorities within a few days.

Regulation should where possible consist of informing consumers.

Government websites are often difficult to use or do not operate as intended.  You should devote more resources to web site development.

Users of government web sites (eg. the Land Registry) requiring only information (not submitting information) should not have to register or remember pass words.

My wife who recently reached 60 has received a form requiring her to claim half our winter fuel allowance.  I consider that a waste of time.  Where two people of pension age live at the same address, the winter fuel allowance should automatically be paid to the older one unless the other elects to apply for a half share.