Minister refuses to deny reports Rachel Reeves considering tax increase for landlords in budget – UK politics live
Stephen Morgan says Labour focus is on driving growth after reports of a national insurance tax on rental incomeSpeculation that the chancellor could announce new property taxes in her autumn budget is likely to slow down an already price-sensitive housing market, estate agents have said.Rachel...
<p>Stephen Morgan says Labour focus is on driving growth after reports of a national insurance tax on rental income</p><p>Speculation that the chancellor could announce new property taxes in her autumn budget is likely to slow down an already price-sensitive housing market, estate agents have said.</p><p><strong>Rachel Reeves</strong> is reportedly considering a tax on the <a href="https://www.theguardian.com/money/2025/aug/18/rachel-reeves-stamp-duty-property-tax-council-tax">sale of homes over £500,000</a> and the removal of the <strong><a href="https://www.theguardian.com/politics/2025/aug/20/rachel-reeves-considering-tax-expensive-homes">capital gains tax exemption</a></strong> on primary residences above £1.5m as ways to boost income for the government.</p><p>Sellers need to understand local market conditions when considering how to market their home, setting the right price and how quickly they would like to sell. The risk of being too ambitious on price is your home taking more than twice as long to find a buyer, or not selling at all.</p><p>I think anyone who knows my approach to the monarchy, and to the king in particular, knows how much I respect him. I’ve written to him personally and the fact, as I say, that I’ve had to wrestle with it shows that no disrespect is meant to the king at all.</p> <a href="https://www.theguardian.com/politics/live/2025/aug/28/latest-uk-politics-news-keir-starmer-rachel-reeves-labour-live-updates">Continue reading...</a>
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