31-05-2024, 10:50 AM in response to #49998
Birddog Wrote: Income is easier to value tends to be a matter of fac. Value of Assets are much more subjective especially items that are not traded regularly.
True mostly. But how difficult is it to value assets? Unquoted equities are difficult to price, will have to be excluded and taxed when they change hands (most are ‘business assets for IHT and therefore something we want to encourage). . Land and buildings is easy (we already do it for council tax, albeit half-arsed). Listed equities and debt. Easy.
Let’s be honest.even if you only did residential propert, that would be assets worth 8.5 trillion quid.