Property News · February 3, 2016

Introduce capital gains charge on property, says thinktank


Government should bring in annual levy to slow house price rises, according to the National Institute of Economic and Social ResearchBritain’s housing crisis can only be solved if the government switches to an annual capital gains charge on homes, according to a report. The National Institute of Economic and Social Research (Niesr) warned that prices would continue to rocket, pricing first-time buyers out of the market, while property was lightly taxed compared with other assets that investors can buy.Buyers need to find a deposit of £80,000 to afford an average home, after a 50% rise in prices over the past decade. Continue reading…

Source : theguardian.com
Read more…Introduce capital gains charge on property, says thinktank

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