I'd love to see CGT at 28% for primary residences as well as other properties. Can't think of any reason why somebody should avoid paying capital gains after benefitting from a rise in property value. You home has increased in value by 200k since you bought it? Great, that'll be £56k please.
Maybe there is an argument to get rid of the CGT personal allowance and possibly raise rate for chargeable assets from 20% to 28% but as others have pointed out, you don't want do discourage people from taking risks with their capital.
I'd love to see CGT at 28% for primary residences as well as other properties. Can't think of any reason why somebody should avoid paying capital gains after benefitting from a rise in property value. You home has increased in value by 200k since you bought it? Great, that'll be £56k please.
Maybe there is an argument to get rid of the CGT personal allowance and possibly raise rate for chargeable assets from 20% to 28% but as others have pointed out, you don't want do discourage people from taking risks with their capital.