Il guadagno di 3 trilioni di sterline dovuto all'impennata dei prezzi delle case in passato 20 anni dovrebbero essere soggetti a un'imposta sulle plusvalenze in modo che le famiglie più povere possano essere risparmiate dal pagamento di tasse più elevate, un gruppo di esperti ha sollecitato.
A report from the Resolution Foundation said the government should consider applying capital gains tax (CGT) per increases in the value of main residences in the UK as well as to sales of second homes, instead of increasing tax on income and profits.
The thinktank admitted it would be a hard sell but said house prices had risen by 86% more than inflation in the past two decades and the gains had been “unearned, unequal and untaxed”.
The increase in national insurance contributions and the 2023 rise in corporation tax will mean taxes as a share of the economy returning to levels last seen in the 1950s, yet property windfalls have been entirely absent from the debate, the Resolution Foundation said.
Other capital gains attract tax rates of between 10% e 28%, and the benefits of the property boom had been disproportionately enjoyed by the better off, older people and those living in London, ha aggiunto.
Households over the age of 60 gained £80,000 in property on average, against less than £20,000 for the under-40s. For the wealthiest 10% of households it was £174,000, while the poorest third it was £1,000. Average gains in London (£76,000) were almost four times those in the north-east (£21,000).
Adam Corlett, the principal economist at the Resolution Foundation, said the £3tn capital gains on main residences represented one-fifth of all wealth in the UK.
“Choosing not to tax this huge housing wealth windfall because of the political and administrative challenges involved has real consequences, including higher taxes for workers and businesses," Egli ha detto.
“With the government on course to raise taxes by an equivalent of £3,000 for every household in Britain by the middle of the decade, it’s time to reconsider a range of practical options for taxing these unearned windfall gains if we are to protect workers’ living standards in the years ahead.”
None of the main political parties has indicated it would be willing to take the risk of angering homeowners, but Labour has been exploring the possibility of wealth taxes on shareholders.
The Resolution Foundation report, which was conducted in partnership with abrdn Financial Fairness Trust, said levying CGT on main residences at 28% would raise £11bn a year – slightly less than the £12bn the Treasury will get from increasing national insurance contributions next April. Under the plan, property owners would be required to pay nothing until they exited home ownership or died.
The thinktank said more modest proposals would still raise significant amounts. Setting a £75,000 allowance would mean more than half of estates would not have to pay any tax, while still raising £4bn a year. If unearned capital gains on a primary residence could no longer be covered by the inheritance tax residence nil rate band, up to £3bn would be raised.