What are the tax advantages BTW?
The main ones.
No capital gains if you also live in it. No IHT if you give it to a spouse
Lower stamp duty than other equity.. none at all if below a certain value.
Quantitative easing / inflation is form of tax on people not taking on Debt.
You also gain in means tests as the equity in housing is not recorded as an asset.
Please post others I missed.
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The main ones.
No capital gains if you also live in it.
No IHT if you give it to a spouse
Lower stamp duty than other equity.. none at all if below a certain value.
Quantitative easing / inflation is form of tax on people not taking on Debt.
You also gain in means tests as the equity in housing is not recorded as an asset.
Please post others I missed.