The UK's HMRC today published data from the capital gains tax that showed an increase of 9% growth in gains by trusts over the past year. Kim Jarvis, technical manager at Canada Life said this could signal a realignment of CGT with income tax by the chancellor. "Today's release shows that Capital Gains Tax (CGT) continues to be a reliable source of income for the government with the amount payable on gains made by Trusts increasing by 9% on the previous year." This brings the total up t...
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