Replying to Avatar Dug

Realised they wanted the tax for this within 60 days (because they can’t flipping wait). Now only 3k tax free allowance on capitals gains (cheers Rachel), so had to give 8 grand of my “profit” to the government……

Is that a thank you for devaluing the currency so that in nominal terms, the “price” of the house went up? The #bitcoin I bought with the proceeds has already outperformed around 7 years of “house value appreciation”

Add in an offence accountant’s bill to ensure I pay the right amount of tax…….. feeling more and more like a milked cow who is running dry.

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Henry 6mo ago

The death of 'housing for investment' can't come soon enough. I honestly can't see anything getting better here until that issue is fixed by hard money and quite probably a crash too.

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Dug 6mo ago

Absolutely, “ran the numbers” and i was massively under even government inflation figures, wished I’d sold in 2022-2023, I’d have picked up so much more corn!!!!!. It’s all learning.

Until people are willing to accept a big loss, can’t see it changing. Maybe when I sell my house for massively under market value “to get out of dodge” I can start the cascade in my neighbourhood.