Housing: Capital Gains Tax

(asked on 24th February 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate his Department has made of the revenue that will accrue to the public purse from ending the exemption on primary or sole residences from capital gains tax.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 27th February 2020

The estimated cost of the exemption of Capital Gains Tax on gains on the disposal of a person’s main or only residence was £26.7bn for 2017-18. Further information is provided in the official statistics on non-structural tax reliefs that are available here: https://www.gov.uk/government/statistics/main-tax-expenditures-and-structural-reliefs

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