Capital Gains
Couple of queries -
1 - Is the '£11k freebe' mentioned in all Capital Gains allowances discussions, just the standard state allowance everybody gets before paying any tax, or an additional allowance on top?
2 - Does annual overall inflation (RPI or CPI not just housing inflation indexes) not have any impact on Capital Gains? If annual inflation RPI/CPI equals say 3%PA, and I buy at £200k (including all expenses) and sell 10 years later at say £250k, even without compounding the interest, I would need £260k to have the buying power of the £200k 10 years ago, so