September 26, 2024

OECD Proposes Sensible UK Tax Reforms, Skips Controversial Capital Gains Tax Cap on Main Residences

OECD Proposes Sensible UK Tax Reforms, Skips Controversial Capital Gains Tax Cap on Main Residences

The OECD has put forward a series of recommendations to improve the UK tax system, including practical suggestions like removing stamp duty and updating outdated council tax bands. Homeowners will be relieved that the OECD did not repeat its 2022 recommendation to limit capital gains tax relief on the sale of primary residences.

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