Jeremy Hunt vows to pay more capital gains tax on his properties, so that he does not benefit from a tax cut he introduced

by marketrent

11 comments

  1. Excerpts:

    *Jeremy Hunt has promised to voluntarily pay more capital gains tax on his properties so that he does not benefit from a tax cut he introduced.*

    *Hunt cut the rate of capital gains tax paid by higher-rate taxpayers when selling second homes from 28% to 24%.*

    *Asked on ITV’s Peston programme on Wednesday night how many houses he had, Hunt said: “These are personal questions.”*

    *Asked whether he himself would benefit from this, Hunt told Peston: “In fact I won’t benefit from the CGT change because I took that decision and I have decided that, when it comes to the properties I own, it would be wrong to benefit from a direct decision like that, so I will pay tax at the previous rate.”*

  2. If he’s having to do it voluntarily, then that kind of proves that there are people in similar positions to him who will be benefiting.

  3. Tax benefits for the few, decided by the few and to the detriment of the many.

    Yawn…

  4. CGT on properties needs to be adjusted based on productivity. Right now if you are fortunate enough to be sitting on a lot of wealth, you end up being a landlord and increasing rents to absorb any pay rise of the income earning workers.

    This isn’t incentivising productivity or innovation. Landlords shouldn’t be the ones benefitting from a pay rise for workers.

  5. I’ve just used sky’s take home calculator with the new national insurance changes, but because the tax thresholds hasnt changed means I’m taking home £10 less every month…

    So when this guy says his giving everyone more money to take home just know he’s a Tory and a liar.

  6. [https://www.theguardian.com/politics/2024/mar/03/jeremy-hunt-personal-donations-local-conservative-association-godalming-ash-seat](https://www.theguardian.com/politics/2024/mar/03/jeremy-hunt-personal-donations-local-conservative-association-godalming-ash-seat)

    Someone should ask Mr Hunt why he’s channeling tens of thousands of pounds into his local party, where that money is coming from and what the tax situation is on it.

    I somehow doubt he’s just trying to avoid a Portillo moment.

  7. Lol tory tex cuts at their best. Give people 30p a day and you can give your self thousands

  8. That’s great. But as it’s a criminal offence for HMRC to disclose taxpayer information (except in very specific circumstances) he can say what he likes and there’s no way of proving it either way

  9. I don’t trust a word this insidious fuckflute says. 

  10. He’s incentivising people to sell their second homes. It’s a tax break for the rich but if it clears out some landlords and home hoggers it’s a good thing

  11. Is that not what tax thresholds are supposed to be for?

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