Property tax threat is slowing down housing market, say UK agents

<p>Talk of the chancellor looking at a new levy on expensive homes or removing CGT exemption is making buyers wary</p><p>Speculation that the chancellor could announce new property taxes in her autumn budget is likely to slow down an already price-sensitive housing market, estate agents have said.</p><p>Rachel Reeves is reportedly considering a tax on the <a href="https://www.theguardian.com/money/2025/aug/18/rachel-reeves-stamp-duty-property-tax-council-tax">sale of homes over £500,000</a> and the removal of the <a href="https://www.theguardian.com/politics/2025/aug/20/rachel-reeves-considering-tax-expensive-homes">capital gains tax exemption</a> on primary residences above £1.5m as ways to boost income for the government.</p> <a href="https://www.theguardian.com/business/2025/aug/28/property-tax-threat-slow-down-housing-market-uk-agents">Continue reading...</a>