Now they want to tax jewellery: New wealth tax plan to target ALL assets - including buy-to-let homes |
Surely if you buy jewellery you buy it using money from either your past income, if you pay cash and from your future income, should you pay via credit. This income has been subject to taxation,of some type, so why do they want more from people?
A buy to let house is surely the same deal, either bought cash or via a mortgage/loan. Any income derived from rental, would be the subject of taxation, should a profit be made.
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