Wed, 20 Aug 2025

Wed, 20 Aug 2025 What are Rachel Reeves' options on property tax?

Reports suggest the government is considering shaking up the property tax system to raise revenue.

* Removing relief on capital gains tax (CGT) for higher-value home sales could raise £13.3bn
* Abolishing stamp duty, which raised £11.6bn last year, would be a huge barrier to movement in the housing market but also means lost revenue
* Alternative options include introducing a tax on owner-occupiers selling homes over £500,000 and reforming council tax
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