Should HPI be taxed as Capital Gains

MFW_ASAP

grizzly1911 wrote: »

Is any taxation freely given.

For the vast majority they simply have no choice.

Many don't think they should pay the full comitment and seek to passionately avoid it at any cost.

At least with stamp duty it's taken from profit, whereas stamp duty is taken when most people can least afford it - when they are making the largest financial transaction of their lives.

However, Gen knows all this, he's just playing forum debating games with first the Godwin and now the amusing comparison between a tax that everyone loves to pay and one that they don't.

CLAPTON

MFW_ASAP wrote: »

I'm sure that stamp duty is freely given, indeed I heard that most people pay extra because they are so overjoyed at the thought of paying it. Some even put it onto their mortgage balance so they have the pleasure of paying it over a 25 year period. Stamp duty, the tax that keeps on giving.

I also believe that if you refused to pay stamp duty, the taxman would just let you off, shaking their heads and wondering why you wouldn't want to give up this money freely.

Indeed so

however here we are talking about the choice between

- making sufficient land available with planning permission so that the private sector will build and the properties bought by people at no cost to the taxpayer

or

- building social housing at a significant cost to the tax payer at least up front

Of course people may take different views about the social merit of each approach.

MFW_ASAP

CLAPTON wrote: »

Indeed so

however here we are talking about the choice between

- making sufficient land available with planning permission so that the private sector will build and the properties bought by people at no cost to the taxpayer

or

- building social housing at a significant cost to the tax payer at least up front

Of course people may take different views about the social merit of each approach.

No, here we are talking about whether capital gains should be applied HPI. It says so on the title. There are side issues about whether the application of tax can control/dampen HPI, whether income from property taxes should be ploughed back into property, plus there is a CGT vs Stamp Duty debate.

No one is saying anything about relaxing planning permissions on greenbelt - that has nothing to do with capital gains tax, it was just a strawman brought in by Generali who was playing 'forum'. Indeed, even in your quote you couldn't find anything about planning permission and so you quoted my stamp duty response - which also has nothing to do with planning permission.