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I think one way to soften the blow could be to make all property sales, even your first home that you live in full-time, fully capital-gains taxable. Homes need
by kspaans 11y ago
I think one way to soften the blow could be to make all property sales, even your first home that you live in full-time, fully capital-gains taxable. Homes need to be seen less as investment vehicles.
- st3v3r 11y agoNo, not your primary home. The last thing we want is a bunch of old ladies being hit with a huge tax bill on the home they've lived in for 40 years.
- kspaans 11y agoNot sure if you're being sarcastic, but the whole point of making the changes to the capital gains taxes is so that it only affects people who sell. The old ladies will simply be earning less profit when they _sell_ their homes, there would be no "huge tax bill" while they are still living in them.