Capital Gains tax design for $2M+homes. What happens to your house Investment?

Hi Readers,
Before we all get too excited about this potential new tax, let us just consider the final result.
1 This has been proposed and declined four times before, by major political parties.
2 The final form of any such tax is completely unclear.
3 Any such tax,  if it is likely to arrive, surely only once tempered by extra tax writeoffs.
4 Just how popular would such a tax be? Would it be popular in the critical outer suburban, marginal seats?
5 Would the tax be ‘Grandfathered’, and thus only applicable for future housing: and all current holders of valuable housing protected?
Well, over to you world, what do you say?

Since I wrote this punitive Stamp duty has been introduced in UK!

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