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Posted By: beelbeebubOk, lets turn the cg tax question in its head.Why should you not have to pay cgt on your main residence but pay it on:- a second residence or buy to let- industrial machinery or plant- art or antiques- land
As for mobility of workforce, renting is one option. Only one months notice, no selling fees, no bridging loans etc
Posted By: beelbeebubOk, lets turn the cg tax question in its head.
Posted By: SteamyTeaWhat is really the problem with taxing a sale of a house
Posted By: djhTry to keep up!
Posted By: SteamyTeaI am not sold on the mobility problem being caused by the high cost of moving. I live in a poor area that has a highly skilled, mobile and flexible labour force.
Posted By: CWattersI think investing in other forms of infrastructure would be better at the moment.Isn't it also a bit daft to be taxing house building (via the CIL) and then subsidising it? Why not cut the CIL and directly subsidise the infrastructure building that the CIL was intended to finance?
Posted By: chippyclausI think you want to tax at the wrong point in the housing sequence. In my opinion the main gains are made after land is declared building land - a massive increase in value due to no productive costs or other inputs.
Posted By: beelbeebubMy point is that when house prices are well out of line with rental prices, i.e. it is noticeably cheaper to rent than buy, buying a house is only rational if you expect house prices to increase so that that you will end up better off when you sell.
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