CGT - where do they get those idiots Chancellors from?

There was a time, not so long ago when it was possible to calculate one's REAL CGT from the inflation table. Then - and I am a Scotsman, AND I have
always believed that GBrown was a total idiot, just to watch him trying to speak (I've known a few - some were even my friends 50 years ago <LOL>).
So, the idiot introduced Taper relief, as if that made any sense whatsoever. The He decided that that both those reliefs were rubbish (Actually, HE was rubbish, as I always said). Apart from his other blunders!!! Now - if you bought a house for 50 in 1850 and sold it for $500,000 today, you are deemed to have made a Capital gain of 495,000. What nonsense - just what I would have thought a Scottish son-of-the-manse' idiot would have been capable of supposing.
GOG p.s. I have no such house, in case you imagine that I am a millionaire - some hope.
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Dan Charette wrote:

Even if you bought it in 1950 you'd be no spring chicken.
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Let's just stop this right here, before you get to 1961, please!
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Gordon H
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Gordon H wrote:

Is that when you were born, or bought your house?
It'd make the difference, to continue the chicken analogy, between still being top of the pecking order on your free range farm and being, well, ready for the stock pot.
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I'm not ready for the stock pot yet, just pushed further down the pecking order by the budget, because I'm a pensioner with a modest company pension.
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Gordon H
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If it is your main residence, why would you have to pay CGT?
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Yes, it's nonsens because you would have to convert the $ into £ before you can calculate any gain.
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