Friday, 7 July 2017

Capital Gains Tax On All Homes Needed

The government needs to implement a root-and-branch overhaul of the way housing is taxed and regulated to address the ‘crisis’ facing young people as they struggle to buy or rent property, a new book proposes. In addition to greatly increasing the supply of social housing, ministers should introduce a capital gains tax on the sale of all homes, carry out long-overdue reforms to council tax so that owners of large houses pay more, and regulate the rental sector much more actively. These are central arguments of ‘The Crisis for Young People: Generational Inequalities in Education, Work, Housing and Welfare’, a new book by professor Andy Green of UCL Institute of Education (IOE). Read more on 24housing.

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