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Having a bit of a cry at this tragic fairy tale of the magical apple-cheeked landlord who might have to sell his 27 remaining properties to stop the wicked Corbyn from taxing him more.
Also, like the nationalisations in the Labour manifesto, aligning CGT with income tax would just bring us back to where we were a couple of decades ago, so hard to see it as radical.
Also, someone needs to explain to the magical landlord that you only pay CGT when you sell something at a profit, so any "huge bill" will be by definition a fraction of the money you& #39;re making from the sale.
If, per magical landlord, the additional 12% in CGT would cost him "hundreds of thousands of pounds" (ie at least £200k), then his gain (not revenue) from selling those properties must be at least £1.6m.
He already says that last year he paid £80,000 in CGT on the sale of six properties, which means that *after tax* his profit on these was around £200,000.
As @RetchinBtchFace points out, this landlord has discussed his business before (when he had 50 rental properties):
