points by rustyhancock 1 day ago | 0 comments
But this proves the point, a simple rule becomes 3 rules immediately.
Depending on the housing market a property price could rise that much while still under mortgage and not everyone pays mortgages off in term.
The fundemental issue with tax law imo, is that tax lawyers write it and the spend years in the dark offering their services to bypass it.
It would be like there being a category of specialist lawyers who openly offer hidden options to murder people.
It really is quite bizarre in my opinion.
We already have definitions of what realized and unrealized capital gains are and we already have the rule about how much capital gains on a primary residence are exempt from taxation.