The way capital gains tax works for property sales sees sellers required to work out the “gain” they have made on the asset.

Fears are mounting that Rachel Reeves will tax those who have diligently worked to build their wealth in her upcoming Budget.

Capital gains tax receipts (CGT) hit a record £16.7 billion in tax year 2021/22 up 15% on the previous record year. Under the current regime, CGT is payable on the profits made when selling an asset, ...