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Labour's Capital Gains Tax Targets Homeowners Starting 2027

11/3/2025

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Summary

Story summary

Labour's proposed capital gains tax will apply to homeowners who do not meet criteria.
The tax takes effect July 1, 2027.
Homeowners must use at least 50% of their property's area as their main home and live there for half the time since purchase.
A four-year rule allows temporary changes of use to be ignored for four years.
Selling and buying another property may incur a 28% tax on gains.

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Story summary

Labour's proposed capital gains tax will apply to homeowners who do not meet criteria.
The tax takes effect July 1, 2027.
Homeowners must use at least 50% of their property's area as their main home and live there for half the time since purchase.
A four-year rule allows temporary changes of use to be ignored for four years.
Selling and buying another property may incur a 28% tax on gains.