homebuyers are increasingly choosing to refurbish their own homes instead of moving

economic

BobQ wrote: »

Why not just tax all wealth at the time of death?

rich people will always find around it.


middleclass people wont most likely and so they will be more affected.


inequality rises because of this stupid tax.


therefore inheritance tax should actually be reduced to 0%/


pretty simple IMO.


Also inheritance tax only contributes less then 1% of all tax revenue per year.


Also taxing a family on post tax wealth, is just cruel. it messes up incentives too.

Malthusian

BobQ wrote: »

These patriots will always exist. The same ones avoid inheritance tax too.

If you object to the existence of such unpatriotic people then why do you want to create more of them?

westernpromise

Malthusian wrote: »

If you object to the existence of such unpatriotic people then why do you want to create more of them?

If the state hates certain of its citizens, it is both rational and legitimate to reciprocate by taking your wealth where it is appreciated.

Those who are left will have to start paying for stuff themselves instead of having 59% of everything paid for by 10% of taxpayers. So they'll be poorer, which will please me, but they'll be more equal, which will please them - everyone will be roughly as ugly, miserable and envious as themselves. So that's all right then.

CBaker

Barclays recently wrote in a research note that housing transactions are in structural decline due to factors such as the rise of buy-to-let investors (BTL owners sell their houses less frequently, and thus essentially take houses off the market) and the "Help to Buy" scheme may be putting new owners into bigger houses, so they don't need to move as often, which again takes houses off the market.