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What about my parents downsizing to release a large house to the market for someone that needs it and also to have a reasonable retirement where one party was a full time mother for 30 years and essentially only has a state pension?
I doubt there are many people who won't have made something on a house sale.
Edit: personally I'm for closing loop holes before new taxes.
Grumpy_Git-
What about my parents downsizing to release a large house to the market for someone that needs it and also to have a reasonable retirement where one party was a full time mother for 30 years and essentially only has a state pension?
I'm imagining a system where your parents would not have needed to bank on their house going up multiples of inflation while they owned it in order to need to sell it to have a comfortable retirement.
Stonehedge
Only if you sell your home for more than you paid for it.