Capital gains tax raid on property rumours 'distressing older people', Rachel Reeves warned

Rachel Reeves will never get serious on tax

Reports that Rachel Reeves is looking at replacing stamp duty with an annual property charge, as well as expanding the scope of capital gains tax on property sales, should be good news. So should reports that Treasury officials have been consulting economist Tim Leunig, who recently proposed a progressive annual tax on property price. But none of these policies would fix the failure that has marked Reeves’s time in office. She scrabbles around f…

Capital gains tax raid on property rumours 'distressing older people', Rachel Reeves warned