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The UK still has capital gains tax on sales realising property appreciation. The main exception is on a vendor's principal residence, so most home owners never
by osullivj 5y ago
The UK still has capital gains tax on sales realising property appreciation. The main exception is on a vendor's principal residence, so most home owners never pay it.
- lifeisstillgood 5y agoThe impact of such a tax would be to hold back the huge climb in residential / urban property prices and so funnel it into something more socially useful Having the tax miss 99% of the sales that drive that growth kind of misses the point :-(
- osullivj 5y agoA British PM imposing capital gains tax on residential property sales would be as popular as a US President setting gasoline taxes at European levels. The economic logic may be sound, but politics is the art of the possible...