Fears among landlords and second home owners that tax would rise in budget said to be unfounded
UK politics live – latest updatesMillionaire business owners urge Reeves to raise £14bn from rise in capital gains tax
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.
