Re: Re: UK election – the aftermath


It seems clear that VAT will increase in the UK, however this will mean that the Black economy which is large already, will also increase significantly where possible.

Also, it was said that Capital Gains Tax on 2nd homes sales (UK or abroad) will rise from 18% to 40%, a huge jump. Could mean many homes going on the market before it comes in, and less holiday homes bought.

Loopholes will be sought to avoid/evade such measures no doubt!