HMRC Trusts data 'growing in wealth but not in number,' says Canada Life

HMRC Trusts data 'growing in wealth but not in number,' says Canada Life

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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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.