one has to wonder with this type of house price stimulation is to bolster inheritance, CT and Capital Gains taxes for the Treasury
Bloody good idea if you ask me. Houses should be for people to live in, not investment vehicles to avoid paying taxes. I still fail to see why CGT is at a lower level than income tax - and not even applied to many assets that naturally appreciate but which are only available to those who are already comparatively wealthy.
Work hard, contribute to society and you pay tax. Buy a load of art or watches or classic cars and then sit on your arse doing FA watching them appreciate and you pay sod all when you flog them. Doesn't seem exactly progressive or fair to me. CGT should be on everything and at the same levels as income tax.
