http://www.telegraph.co.uk/finance/n...-on-homes.html
Adam Posen, a member of the Bank's Monetary Policy Committee, said that the Government should consider slapping extra taxes on British properties, suggesting that in future homeowners should have to pay an extra charge if prices rise too fast. In comments which will cause extreme disquiet in the Treasury, he even indicated that this may mean imposing capital gains taxes on first homes and raising stamp duty.
Now it all makes sense. The government has done whatever is necessary to ensure house prices rise, and now it is to pave the way to take all that gain through taxes on your primary residence.
Gotta love Labour.
Adam Posen, a member of the Bank's Monetary Policy Committee, said that the Government should consider slapping extra taxes on British properties, suggesting that in future homeowners should have to pay an extra charge if prices rise too fast. In comments which will cause extreme disquiet in the Treasury, he even indicated that this may mean imposing capital gains taxes on first homes and raising stamp duty.
Now it all makes sense. The government has done whatever is necessary to ensure house prices rise, and now it is to pave the way to take all that gain through taxes on your primary residence.
Gotta love Labour.
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