> If people had to pay inheritance tax on their family home, how many could not afford such a tax bill and would have to get rid of their family home to please the tax man.
so if they can't afford to pay tax on the windfall, they'd have to sell the house and buy a smaller one. is that the end of the world?
> Regarding the cost basis rest that is so people can upgrade their house without having to pay a tax bill
what they have in many european countries is that you can do this only on your primary residence. so you let people upgrade their homes, but not their rental properties
so if they can't afford to pay tax on the windfall, they'd have to sell the house and buy a smaller one. is that the end of the world?
> Regarding the cost basis rest that is so people can upgrade their house without having to pay a tax bill
what they have in many european countries is that you can do this only on your primary residence. so you let people upgrade their homes, but not their rental properties