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A Home Is Not Capital

Published on 07/09/2012 By Tomas

You often hear people talking the “capital” tied up in their home. But it’s wrong to think like that. A home isn’t capital in the economists’ sense of the word. Economists refer to the purchase of goods that are used in the production of other goods or services as an investment in capital. Capital isn’t […]

The abolition of stamp duty won’t stabilise the property market

Published on 11/02/2011 By Tomas

Published by City Wire on Friday, 11 February 2011 by Sarah Miloudi   Proposals to scrap stamp duty tax in the UK should bring property into line with other classes of asset – in theory. But the Organisation for Economic Cooperation and Development (OECD) proposition to ditch the tax is unlikely to gain significant traction. […]