CGT receipts on property sales soar

[Nicholas Wallwork]

The UK government has revealed receipts of £6.9 billion relating to capital gains tax on property sales during the 2014/15 tax year. This is the highest rate since the worldwide economic crash of 2007/8 and compares to £3.9 billion in receipts just two years ago. This will surprise many people, especially when you consider the

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[PostBrexitInvestor]

The property market has always been something of an easy target for governments looking to milk the sector for as much money as possible. When you bear in mind the costs associated with building and buying properties, let alone council taxes, how much more can governments squeeze out of this market?