capital gains taxe this article is more than month old uk urged to taxe £tn windfall from years of soaring house prices -- thinktank says capital gains taxe should applied so poorer households are spared from paying more in taxe residential housing are seen by a view of the city of london financial -- subject to a capital gains levy so that poorer households can spared paying more in taxe a thinktank has urged a report from the resolution foundation said the government should consider applying capital gains taxe cgt to increases in the value of main residences in the uk as well as to sales of second homes instead -- the increase in national insurance contributions and the rise in corporation taxe will mean taxe as a share of the economy returning to levels last seen in the s yet property windfalls have been -- “choosing not to taxe this huge housing wealth windfall because of the political and administrative challenges involved has real consequences including higher taxe for workers and businesses” he said “with the government on course to raise taxe by an equivalent of £ for every household in britain by the middle of the decade ite s -- take the risk of angering homeowners but labour has been exploring the possibility of wealth taxe on shareholders -- amounts setting a £ allowance would mean more than half of estates would not have to pay any taxe while still raising £bn a year if unearned capital gains on a primary residence could no longer covered by the inheritance taxe residence nil rate band up to £bn would raised