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The Independent UK
The Independent UK
Business
David Hughes

Homeowners could be hit with new tax as Chancellor aims to fill ‘£41 billion shortfall’

A Treasury minister has not ruled out hitting owners of high-value houses with capital gains tax (CGT) when they sell their family home.

Chancellor Rachel Reeves is reported to be considering ending the current exemption from CGT for primary residences as she seeks ways to raise cash in the face of dire warnings about the state of the public finances.

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