The Independent funds on-the-ground journalism and offers free access to reporting, relying on donations to continue sending reporters to cover contested issues. The outlet highlights investigations and documentary work, emphasizing the importance of parsing facts from messaging and serving readers across the political spectrum without paywalls. A Treasury minister declined to rule out applying capital gains tax to sales of family homes, as Chancellor Rachel Reeves considers ending the exemption for primary residences to raise revenue amid warnings about public finances. Proposed rates could be 24% for higher-rate taxpayers and 18% for basic-rate taxpayers, with a possible threshold under review.
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A Treasury minister has not ruled out hitting owners of high-value houses with capital gains tax (CGT) when they sell their family home. Chancellor Rachel Reeves is reported to be considering ending the current exemption from CGT for primary residences as she seeks ways to raise cash in the face of dire warnings about the state of the public finances.
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