r/Glasgow Tools

Title
Author	Cannonieri
Comment	Correct me if I'm wrong, but I think it's even higher. It's 20k for your ISA but then I think you get 10k of gains on that investment without tax. To make over £10k in gains purely from investments in a year is insane. Honestly, go all out on CGT. Make it 50% above a certain level. All I care about is income tax as that's where I make my money and it's incredibly frustrating to see 40% of your income get taken away when someone manipulating stocks and shares all day is paying next to nothing in tax.
Reddit Link	https://www.reddit.com/r/glasgow/comments/ns0zcb/why_are_house_prices_going_nuts_in_glasgow/h0k83w6/
Created	Fri 4th Jun 2021 12:50pm
Status	normal ()

Correct me if I'm wrong, but I think it's even higher. It's 20k for your ISA but then I think you get 10k of gains on that investment without tax.

To make over £10k in gains purely from investments in a year is insane.

Honestly, go all out on CGT. Make it 50% above a certain level.

All I care about is income tax as that's where I make my money and it's incredibly frustrating to see 40% of your income get taken away when someone manipulating stocks and shares all day is paying next to nothing in tax.