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Howard
frankenbike
It's about value, not size. You buy a house, the value massively increases and you pay next to no tax on your massive gain. We are just about to levy a tax on every single worker including those on minimum wage but housing is left alone for political reasons. It would also be far better to tax people who are holding property as opposed to penalising them when selling/moving with SDLT, which means old grannies have no choice but to stay put in 5 bed mansions until they die
(Obviously I am biased as a 30 yo professional who can't afford a mouldy 1 bed, let alone somewhere I'd actually want to raise a child or whatever)
(Would also start with second homes and landlords and leave homeowners alone for now though)