Property Tax Overhaul Coming? Reeves Eyes Sweeping Reform of Stamp Duty and Council Tax
Chancellor Reeves may replace stamp duty and outdated council tax with a fairer property tax on homes over £500K. Could this reshape UK housing?
Chancellor Reeves may replace stamp duty and outdated council tax with a fairer property tax on homes over £500K. Could this reshape UK housing?
The UK government is weighing inheritance tax reforms ahead of the autumn Budget, including caps on gifts, pension taxation, and reduced reliefs for farms and businesses.
Chancellor Rachel Reeves is preparing major inheritance tax and pension reforms to tackle a £40 billion budget shortfall. New proposals include capping lifetime gifts, tightening taper relief, and making unspent pensions subject to IHT from 2027 — changes aimed at boosting revenue without raising income tax, VAT, or National Insurance.