Weekend Herald

House sales tax


Regarding your article on first home buyers (Weekend Herald, July 10), the one thing that no government, left or right-leaning, past or present, has been willing to do to ease pressure on house prices is tax all profit from house sales. No exemptions for the house you live in, houses in trusts or hidden behind other forms of blind ownership.

The ridiculous situation we are in now is inequitabl­e and heavily biased in favour of the chosen ones with existing property. No wonder the future looks so bleak for our younger generation of potential homeowners as the already entitled pull up the drawbridge behind them.

James Archibald, Birkenhead.

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