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Capital gains tax on all homes needed

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Home owners are not currently charged capital gains tax on the sale of their main dwelling, a situation Professor Green argues is wrong given that houses are widely seen as investments.

He does not say what the level of capital gains tax should be but estimates that a charge of 30% on the profits from all sales would have raised some £24bn a year over the period 2010 to 2015, or “close to what the government currently spends on secondary education”.


Edited by fru-gal

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