Reeves explores reform to capital gains tax on expensive houses
UK Treasury considers overhaul of property levies as ministers confront a hole in the public finances of at least £20bn
UK Treasury considers overhaul of property levies as ministers confront a hole in the public finances of at least £20bn

Swapping outdated levies for an annual proportional property tax looks sensible

Rachel Reeves unveils increase in property income tax as well as ‘mansion tax’ on expensive homes

UK chancellor predicted to plump for ‘least worst option’ of creating higher council tax bands

Labour MPs warn chancellor that a possible £1.5mn threshold for the new levy would be too low

Chancellor is being lobbied by the City following a spate of departures by wealthy people

Listings site says ministers should increase thresholds at which property tax becomes payable