The Mail on Sunday falsely claimed that Labour was planning to scrap a tax exemption on homeowners, in a prominent story that has since been used by the Conservatives as part of their election campaign.
The press regulator Ipso ruled that the newspaper’s reporting was inaccurate and “could cause significant concern to readers that, under a Labour government, they could be liable to pay a tax they are exempt from under current legislation.”
The Mail on Sunday headline was then used in Conservative campaign literature and shared by Tory politicians on social media.
The story said Labour wanted “to scrap the capital gains tax exemption on main homes”, citing a report called Land for the Many, written for Labour by a group of academics and campaigners.
Contrary to the Mail on Sunday’s claims, the third-party report explicitly rejected proposals to scrap the capital gains tax exemption for main homes, and instead recommended an annual levy on any increase in value of a property.