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The possible but could get complex. What about property enhancement work to improve value, selling off land, length of time owned, mortgage value (due you tax all the gain, or just a %), how is it collected and calculated (solicitors?), the drop in house prices because of this, inability to move up the ladder ... so many reasons why this will never happen.
What I think they should do though is change the stamp duty to be paid by the seller and not the buyer.
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