So, the idiot introduced Taper relief, as if that made any sense whatsoever. The He decided that that both those reliefs were rubbish (Actually, HE was rubbish, as I always said). Apart from his other blunders!!! Now - if you bought a house for 50 in 1850 and sold it for $500,000 today, you are deemed to have made a Capital gain of 495,000. What nonsense - just what I would have thought a Scottish son-of-the-manse' idiot would have been capable of supposing.
GOG p.s. I have no such house, in case you imagine that I am a millionaire - some hope.