Capital Gains Tax has soared in October and November due to disposals of property and other assets ahead of the stamp duty changes. The take was £471M, up £125M on the previous year. Inheritance tax also shot up to £5.7Bn for April to November, up from £5.15Bn the previous year. In fact tax receipts are up a by a massive £15Bn this year due to tax changes and the freezing of thresholds. 

The disposal of thousands of private rentals is bad news for tenants as a decrease in supply is simply increasing rent prices. The new Labour government is well aware of this but despite having the opportunity to amend taxes to help kerb rent increases, they decided not to. 

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