To ask the Chancellor of the Exchequer, if he will publish his Department's modelling of the impact of a reduction in the higher rate of Capital Gains Tax on the number of property transactions.
The OBR have confirmed that residential property transactions will be around 60,000 higher over the 5-year forecast, owing to the cut to the higher rate of Capital Gains Tax (CGT) on residential property gains from 28 per cent to 24 per cent.The published...
Capital Gains Tax