Introduce a higher rate of capital gains tax for properties left empty for years

• Petition
• Statistics
• Map

Petition Action

Introduce a higher rate of capital gains tax for properties left empty for years

Petition Details

With low interest rates and a weak pound, foreign ownership of properties in London has sky rocketed. This has forced up prices so that most people cannot afford to buy a house. Worse still many properties are left empty for years to accumulate in value when then forces up rents elsewhere as well.

Additional Information

Introducing a scaled higher rate of capital gains tax for properties left empty for the majority of the duration of ownership would incentivise owners to rent them out, thus easing the strain on the already overheated rental market.

---

You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!

Have your say on this petition!

comments powered by Disqus