Four out of five advisers expect changes to CGT in next UK Budget

Pedro Gonçalves
Four out of five advisers expect changes to CGT in next UK Budget

A large majority of advisers (84%) expects changes to the Capital Gains Tax (CGT) at the next UK Budget, with 38% of those expecting CGT rates to increase in line with the recent Office for Tax Simplification (OTS) recommendations, a survey by Canada Life revealed. The OTS suggested levelling up CGT tax rates to bring them more in line with income tax rates, while annual allowances could be reduced. "CGT is an area of tax that is ripe for reform and the recent OTS recommendations only s...

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