Submitted on Saturday 2nd February 2013
Published on Monday 4th February 2013
Current status: Closed
Closed: Tuesday 4th February 2014
Signatures: 3
Tagged with
Tax significant profits on house sales
The proposal: tax profits of over £50k on house sales
The rationale: significant house profits can be accrued as a result of price bubbles, providing a significant source of untaxed, unearned income and help support very high house prices which can be inequitable.
Furthermore, a 20 per-cent tax on a 50k profit would raise 10k in tax, as much as someone on an average salary pays in tax in a year
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3.147.76.183 Thu, 21 Nov 2024 19:11:21 +0000
