Milking the system
Milking the system
- 1999
- Guardian 1 February 1999, 16(1) .
At present, landowners pay no capital gains tax on profits earned on farmland sold for development. The author proposes that the government close the loophole and make up to £1 billion in the process.
CAPITAL GAINS TAX
DEVELOPMENT LAND TAX
DEVELOPMENT LAND
FARMERS
FARMLAND
GREENFIELD SITES
At present, landowners pay no capital gains tax on profits earned on farmland sold for development. The author proposes that the government close the loophole and make up to £1 billion in the process.
CAPITAL GAINS TAX
DEVELOPMENT LAND TAX
DEVELOPMENT LAND
FARMERS
FARMLAND
GREENFIELD SITES