Indeed. And at some point, you turn that asset growth into cash. And pay only 24% on it.
Indeed. And at some point, you turn that asset growth into cash. And pay only 24% on it.
Sure. But that isn’t a tax on income so it’s hard to compare. And usually what you do when you are rich is buy other assets that produce cash and pay yet more tax. As I mentioned earlier there is a strong case for reducing CGT because we actually want more business investment.