Plan to tax profits from sale of home could put FF back into government

I HAD intended voting for Fine Gael in the upcoming general election, but a recent proposal from Michael Noonan and Richard Bruton has scared the living daylights out of me.

They are proposing that if Fine Gael get into government they will tax profits on the sale of a family home by a staggering 7.5%, up from 0%.

Anyone over 50 who bought their house before the boom will be hit for a ferocious amount of tax if they want to downgrade, upgrade or if they just want to move to a different location.