The exemption of first homes from capital gains tax is a bedrock of our damaging obsession with property
The Independent
Yep. You're onto a real winner there
And this is their editorial too. I seem to recall that when the Indy was launched back in the 80s it prided itself in having no loyalty to any particular party. That seems to have changed;
But, I digress. Didn't we used to have CGT on primary residences in the past? I'm sure my folks had a friend who used to do up houses, live in them (thus making it his primary residence) while the work was in progress and then sell on after 3 years at which point CGT exemption would kick in.
But I could be way off the mark here.
The Independent
Yep. You're onto a real winner there
And this is their editorial too. I seem to recall that when the Indy was launched back in the 80s it prided itself in having no loyalty to any particular party. That seems to have changed;
...We could build a great deal more than we do under a Labour government.
But I could be way off the mark here.
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