I can't support this tax reform of taxing property as TOP have not set out that any realisation of property capital gain and tax on that gain is not when the property sells yet treats a rising house value and more so land value as 'income' which is never realised until the house is sold. My rates increase when the value of my house increases, it happened recently and rates is a form of taxation, therefore the TOP tax reform appears to be flawed. TOP could spell out how rates (tax) not being a consideration makes taxing 'capital gains' fair. Don't ignore rates - the Local Government tax!