Tax on sale of homes worth over £1.5m may not raise enough to fill £50bn black hole

Higher-value homes in the crosshairs as Chancellor looks for ways to balance books

The levy could be rolled out in this parliament for owner-occupied homes

Chancellor considers end to private residence relief which could force higher rate taxpayers to surrender 24pc of their gains

Reported plans could raise up to £40bn while preserving pledge not to raise income tax, VAT or national insurance

In what has been dubbed a form of 'mansion tax', the Chancellor is reportedly looking to end the exemption from capital gains tax when owners of higher-value properties sell up.

Chancellor could cut cap on untaxed withdrawals as she battles $50bn gap in public finances

Tax on sale of homes worth over £1.5m may not raise enough to fill £50bn black hole

Rumours the chancellor is considering a mansion tax to fill a hole in the Treasury finances show the government has once again misunderstood who and what really keeps the economy…

Chancellor had previously ruled out reforms such as a revaluation, adding extra bands or hiking rates for more valuable properties