Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Just a thought...

07 March 2017
Issue: 4590 / Categories: Forum & Feedback

An anonymous letter suggesting a radical change to the taxation of property. Would this be a vote winner or loser?

I received an anonymous letter at the Taxation office last week. It was not I am glad to say a death threat or a rant about our coverage of Making Tax Digital. In fact and coincidental to this week’s comment article by Kevin Slevin it was a proposal for tax reform. The author who described himself as ‘someone who wants to make the tax system fairer’ said that he was writing anonymously because what he proposed ‘might well be unpopular with many people’.


Windfall gains

So what was this outrageous suggestion? I quote directly from the letter

‘I wonder whether there would be merit in considering reforming the only or main residence exemption. This currently exempts completely any capital gains made by an individual selling their home.

‘I completely understand the rationale behind this policy which has been around for a long time....

If you or your firm subscribes to, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.

back to top icon