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The Guardian - UK
The Guardian - UK
Politics
Eleni Courea Political correspondent

Reeves to leave capital gains tax on property untouched, reports say

For sale and to let signs outside block of flats in London
The government is said to be concerned that putting up CGT would cost the Treasury money by slowing property sales. Photograph: Yui Mok/PA

Rachel Reeves will not change the rate of capital gains tax on the sale of second homes in the budget amid concerns about the impact on the property market.

Ministers have decided to leave CGT levied on the sale of second homes and buy-to-let properties untouched because of concerns that increasing it would cost money, the Times reported.

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