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Because it's a Muppet idea ... it's wrong on so many levels
we're facing an income crisis amongst older people, who are / increasingly will be on lower and fixed incomes. Your plan is going to drive people out of their homes by taxing them on ;notional value' of the rent they avoid. It's sadistic - this group have paid high level of income tax throughout their lives and carefully planned for their days in retirement. This idea from TOPS is punitive and excessive. You're driving the way forward to a time when people will avoid saving, or indeed acquiring any asset because you;re going to tax it. If a person has a car,caravan, motorhome, boat presumably you want to tax the asset? How far will you take it ... if a retired builder has tools ... they could be rented out out, he's to pay your 'asset tax'?
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