Emeritus Prof Christopher May on Nostr: While unpopular, and would undoubtedly create some very angry (and vocal) losers, as ...

While unpopular, and would undoubtedly create some very angry (and vocal) losers, as Polly Toynbee concludes subjecting all house sales to capital gains tax (i.e. removing the exception for primary residences) would be a good ay to start to reverse the asset price inflation at the heart of the UK housing crisis.... its not a sufficient solution but its a necessary part of any housing package that is going to really deal with the dysfunctional housing market!

#housing
https://www.theguardian.com/commentisfree/2024/dec/03/george-osborne-wealth-tax-labour-inheritocracy-work-keir-starmer-rachel-reeves