Former Housing
Minister Dominic Raab has called for “radical” housing reforms in an attempt to
help renters get on the housing ladder and increase the rate of home building. Attacking
the Conservative failure to stand up to developers and ensure the construction
of enough homes to tackle the housing shortage, Raab advocated a new Help to
Buy scheme that would exempt landlords from capital gains tax when they sell
their property to existing tenants. The leadership hopeful also identified the
following solutions:
·
More government land to be released, with
councils given more power to sell sites to smaller developers
·
Fewer impositions on councils who fail to get
enough homes built
·
Scrapping stamp duty on homes worth less than
£500,000
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