Overview

• The modelling includes replacing stamp duty for most purchases with a national tax paid when owners sell properties valued above roughly £500,000.
• Reports suggest the CGT exemption on primary residences could be limited for very high-value homes, though thresholds have not been set.
• A Treasury spokesperson said the priority is growing the economy and keeping taxes for working people as low as possible.
• Tax specialists warn a sale-based levy or CGT on main homes could deter moves, reduce transactions and lower overall receipts from property taxes.
• Hargreaves Lansdown and housing market voices caution that such changes could strain older homeowners who are asset rich and cash poor, while broader council tax reform is viewed as a longer-term prospect.