At the moment, your primary residence (and all other properties if you are an MP) is not subject to CGT.
Change the rule, so that CGT is charged after indexation against inflation is taken off.
So if for example, you buy at £500K and after a few years you sell at £1M, and £500K after adding inflation is then worth £700K, you owe CGT on the £300K difference.
This would tend to stop all housing rising above inflation as everyone would be shelling out CGT and so the price rises would tend to follow inflation.
Simples.
Change the rule, so that CGT is charged after indexation against inflation is taken off.
So if for example, you buy at £500K and after a few years you sell at £1M, and £500K after adding inflation is then worth £700K, you owe CGT on the £300K difference.
This would tend to stop all housing rising above inflation as everyone would be shelling out CGT and so the price rises would tend to follow inflation.
Simples.
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