Now they want your main residence and wealth – what Rachel Reeves’ latesttax proposals mean for YOU…
Labour’s Chancellor, Rachel Reeves, has sparked controversywith proposals that could hit UK homeowners and investors hard.
She’s considering a newwealth tax and extending Capital Gains Tax (CGT) to residential homes,something that has never been done before for main residences. On top of that,she’s looking to reform Stamp Duty and replace it with wealth and CGT on mainresidences.
Having f@cked the economy, the government’s finances are ina mess, with the national debt standing at £2.7trillion and rising by £5,000 everysecond, so Reeves is desperately scratching around to find ways to tax useven more without raising the basic income tax rate.
What does this mean for property owners, landlords, andanyone planning to buy or sell? Could your family home now be seen as a taxableasset? And what impact will this have on house prices and the property marketas a whole?
In this episode of the Money Tips Podcast, I break down:
What these tax changes could look like
Who will be affected the most
How you can prepare and protect your wealth before it’s too late
Watch now to stayahead and avoid nasty surprises https://youtu.be/h8zYPlicIAU
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