Should the BoE choke off our last remaining growth industry?

[BrilloPad]

BBC News - Bank of England must limit house price booms, says Rics

Bank of England must limit house price booms, says Rics

[Lockhouse]

If it wasn't for the Government stoking house prices, there wouldn't be a boom. Talk about right hand, left hand.

[Scrag Meister]

Not until I have finished my time in London, then I can sell at a huge profit and move to somewhere a whole lot cheaper.

[AtW]

The Gov is renting his place so go go go

[vetran]

I feel like telling the RICs, sorry we meant to read your press release but it would have meant lifting the cover - you only paid for a basic report!

[BrilloPad]

Not until I have finished my time in London, then I can sell at a huge profit and move to somewhere a whole lot cheaper.

And what about your children?

[Old Greg]

And what about your children?

We'll eat them later.

[DimPrawn]

There is a simple solution and that's CGT (at 50%) all on property sales, including primary residence.

When calculating the gain, you are allowed to offset any large capital spends (e.g. extension) and the annual rate of inflation (calculated based on earning inflation) for the years you owned the property.

I would suggest this in place of stamp duty.

Other countries do this and it works well.

House prices can rise, but not faster than general level of wage inflation, if they do, only the govt wins.

[bobspud]

Why should a government be allowed to interfere with a "free economy"?

The professionals are pretty tulip at moving markets in the way they want, So why would a civil servant have any better luck? We can't stop crashes and we can't even change the way they happen. Markets find their own way

[vetran]

There is a simple solution and that's CGT (at 50%) all on property sales, including primary residence.

When calculating the gain, you are allowed to offset any large capital spends (e.g. extension) and the annual rate of inflation (calculated based on earning inflation) for the years you owned the property.

I would suggest this in place of stamp duty.

Other countries do this and it works well.

House prices can rise, but not faster than general level of wage inflation, if they do, only the govt wins.

not so Dim prawn!