Housing: Capital Gains Tax
(asked on 14th October 2019) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate he has made of the revenue from capital gains tax on residential property gains in each year from 2016-17.
This question was answered on 17th October 2019
HMRC collect information on Capital Gains Tax liabilities accrued from disposals of residential property. This is summarised in the table below for the tax years 2016-17 and 2017-18. These liabilities will broadly translate into receipts for the tax years 2017-18 and 2018-19 respectively. Figures for 2019-20 will not be available until next year, after the Self-Assessment deadline.
Tax year | Tax liability accrued |
2016-17 | £1,029m |
2017-18 | £1,128m |