Capital gains tax must be adapted, says MP
Briefly

Dr. Simon Opher emphasized the housing crisis, stating, "We seem to have got to a stage where there isn't enough housing locally. One of the problems with housing developers is they like to do the big five-bedroom houses, they're not so keen on the smaller places, which is what we need at the moment, particularly around in Stroud actually." His remarks highlight the urgent need for more diversified housing options in Stroud, especially smaller, more affordable units to meet the demand.
Catherine Morgan expressed her concerns over the housing market, stating, "It's that security that we're all really lacking at the moment. The future looks quite bleak when it comes to the aspiration of home ownership." This reflects the struggles many face in the housing market, emphasizing the need for more affordable and social housing.
Dr. Opher further critiqued the current capital gains tax system, noting, "We need to adapt capital gains tax actually, because at the moment capital gains tax is quite favorable for businesses that buy up housing stock, preventing many families from accessing the homes they need." This highlights his call for policy changes to ensure housing primarily serves as a home and not merely an investment.
The local council's Green Party leadership termed Labour's proposals as "undeliverable," showcasing the ongoing political tensions regarding housing strategies. The divide underlines the challenges in progressing towards substantial housing improvements despite common goals across political lines.
Read at www.bbc.com
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