The Resolution Foundation has recommended significant tax changes in the upcoming Budget, including increases to inheritance and capital gains taxes, to address rising fiscal challenges.
Scrapping inheritance tax reliefs for agricultural property and business assets could generate £2 billion annually, aiding fiscal reform under Labour's leadership.
Aligning capital gains tax rates more closely with those on dividends could bring in an estimated £8 billion per year, boosting Treasury coffers.
The Foundation criticized the upcoming drop in the stamp duty threshold, arguing it could hinder the effective use of the UK's housing stock.
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