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Realistbear

Main Residence Flipping Singled Out For C G T Review

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http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/8199773/Home-flipping-capital-gains-tax-relief-is-questionable-says-OTS.html

Construction and Property
Home flipping capital gains tax relief is 'questionable', says OTS
Rules that allow home owners to "flip" their main residence to avoid capital gains tax (CGT) when they sell should be tightened, an official review of tax reliefs suggests.

I wonder if this relief was a New Labour policy to enhance HPI? I doubt it will go much further with the Koalishon as they are all in it together.

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http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/8199773/Home-flipping-capital-gains-tax-relief-is-questionable-says-OTS.html

Construction and Property
Home flipping capital gains tax relief is 'questionable', says OTS
Rules that allow home owners to "flip" their main residence to avoid capital gains tax (CGT) when they sell should be tightened, an official review of tax reliefs suggests.

I wonder if this relief was a New Labour policy to enhance HPI? I doubt it will go much further with the Koalishon as they are all in it together.

Nope. It was introduced by the Tories during the 1990s crash when properties were taking years to sell. (With hindsight,) it should have been removed when the market picked up.

tim

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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