HMRC data show uncertainty causes rise in CGT tax receipts

clock • 1 min read

Recent uncertainty has caused a rise in capital gains tax (CGT) receipts, the latest HMRC data revealed today. CGT receipts for the 2020-21 tax year have already exceeded any for the previous 12 tax years, and there is still a month to go. Total receipts for the tax year could exceed £10bn. Neil Jones, tax and wealth specialist at Canada Life, commented: "The latest data from HMRC shows CGT receipts could exceed £10bn this tax year, which would mark a record year of receipts exceeding any of the 12 previous tax years." "The increase in receipts is caused by more gains being real...

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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.