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Old 6th January 2009
droghedasouth's Avatar
droghedasouth droghedasouth is offline
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Join Date: May 2007
Location: Drogheda (obviously)
Posts: 4,608
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35% CGT is a nonsense.
One of the few good things mcCreevey did was to introduce 20% CGT - it encouraged people to realise gains and to diversify their holdings.

The change to 23% by Brian Lighthouse Lenihan was just plain stupid.
It will be along time before most of us have any CGT liability.
With so many losses to offset future profits, I suspect I will die before first.

PS
I hereby christen the MoF Lighthouse because
(1) when he talks to you, his head is constantly revolving looking for someone more important to talk to
(2) Lighthouse in a bog was applied to CCO'B - brilliant but useless.
The Coco the Clowen from Clara supplies the bog.
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