From: "tim" <520010973502.removethis@t-online.de>
Newsgroups: uk.finance
Subject: Re: Oh, for goodness sake.........
Date: Wed, 9 Feb 2005 21:03:32 +0100


"Jonathan Bryce"  wrote in message 
news:6mqnd2-5u4.ln1@michelle.jbryce...
> tim wrote:
>
>>> Yes, I think that is how it works.
>>
>> I bet this annoys the IR when they have to argue about CGT
>> on a non-PPR.
>
> It will be trading income rather than a capital gain

For whom

please explain?

I was referring to when the Muslims sell on the house that they
have bought at an artificially high value because 25 years of interest
have been included in the purchase price (and hence they will likely
as not, never make a gain on this basis).  But, I'm not allowed to deduct
my financing costs from my CGT bill when I sell a CGTable house, so
why should they be allowed this?

tim