Taxing the gain on the house you live in has long been a sacred cow in British politics, but in a fair society, no form of wealth should be completely exempt from contribution.

New Capital Gains Tax on gains made from the sales of Principal Property at reduced rate of 10% on gain. There would be deductions for costs of buying and selling including stamp duty, cost of improvements and rebuilds. The low rate compensates for complication of any inflationary increase in the home price increase overtime.