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flag UK may tax gains on high-value home sales, affecting 120,000 and potentially slowing market.

flag The UK Treasury may introduce capital gains tax (CGT) on the sale of high-value homes, ending the current exemption for primary residences. flag Higher-rate taxpayers would pay 24% on any gain in the home's value, while basic-rate taxpayers would face an 18% levy. flag This move aims to raise funds amid financial concerns and could affect around 120,000 homeowners, potentially slowing the housing market and impacting older individuals looking to downsize.

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