Many people (especially in the UK) put all their money into property.
"My property is my pension" they say, and some even invest in buy-to-lets.
But property is a sitting duck for governments needing to raise funds. You can't move the property and they know you own it. All they need to do is run the money printer, inflate the money supply and your house goes "up in value" (when the reality is that it was just their currency getting less valuable).
Because your home is "up in value" you owe Capital Gains Tax. The UK is just discussing a "National Tax" which is exactly this - a tax when you sell your own home - on capital gains conjured out of thin air.
#BitcoinIsBetter


the Guardian
Reeves considers replacing stamp duty with new property tax
Exclusive: Treasury examines options including tax on homes sold for more than £500,000 as well as overhaul of council tax




