I'm suggesting you would always link the tax to the local HPI. So you buy for £100k. You make £50k improvements. House prices increase by 25%. You pay tax on £125k, even though the house is wort… (View Post)

I'm mixed on this. Making housing a rubbish investment - other than to live in - is a good thing, kills off a lot of demand. OTOH, also stops transactions as people cling on. As ever, a simple a… (View Post)

The trouble is it's a tax on the transaction, not on the property. It's going to disincentive downsizing, which is an enormous issue when the UK has 26 million spare bedrooms (and rising). … (View Post)

I know we've been over this multiple times before, but in my experience the effective marginal tax rate is the least of your worries when it comes to UC claimants. For those of us to be lucky en… (View Post)

+ It would be fun watching the Conservatives deal with Labour being the ones to do it. Subverts expectations. (1% council (property value) tax would cover IHT, CGT and Stamp Duty. Would be the bigges… (View Post)