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The purchase price is what you pay. At present, on second homes, the CGT allowance is £12k per annum. On a primary residence this would need to be higher, say 6% of the purchase price p/a. This would mean that the CGT allowance on a £300k house would be £18k pa. After 5 years you will have...

I couldn't argue with a capital gains tax where you get an allowance for each year for as long as you live there. That would discourage speculative buying.

Houses have to be maintained, they don’t repair themselves. Our house is 90 years old and has needed work doing, over the years, to the roof and to remedy porous brickwork. Add to that a new boiler, new floors, new roofs to garage and conservatory, redecoration etc and any financial gain over...

It’s very easy to use arbitrary figures to justify an argument. We bought our house in March 2008 and according to Zoopla, house prices in our area have increased by 45% since then. In the same period inflation has been 30%(Consumer Price Index - ONS)

From Wikipedia Would be interesting to see how those on here pigeonhole themselves Main article: Great British Class Survey On 2 April 2013 analysis of the results of a survey,[30] which was conducted by the BBC in 2011 and developed in collaboration with academic experts, was published...