From: "tim" <520061495900.removethis@t-online.de>
Newsgroups: uk.finance
Subject: Re: capital gains on residence
Date: Tue, 29 Jul 2003 19:17:04 +0200
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"Justin Heyes-Jones"  wrote in message
news:1059444499.19716.0@despina.uk.clara.net...
> I heard that the government were thinking of taxing capital gains on primary
> residence. Does anyone know the source for this, I think I heard it on the
> radio 4 news.

I started a thread on this on 23/6 basaed upon this new report:
http://news.bbc.co.uk/1/hi/business/3011850.stm.

I would be interesting in knowing if your report is additional to
this one.

> I would like to keep a close eye on this, so I can sell up and
> move to another country before the lunatic idea comes into effect.

You are aware that this is the norm in many European countries.
It's IMHO the main reason that our housing markets are so different.
It does have some merits if the system has always been that way but
I agree the possibility of moving to it in the UK is not a good idea.

Tim


> The very
> first act labour did that affected me was to abolish mortgage tax relief,
> putting my mortgage up immediately. Lovely.
>
>