UK Government's capital gains tax haul leaps 'staggering' 43% in a year

Mark Battersby
clock • 6 min read

The UK Government made a record haul for Capital Gains Tax (CGT) in the 2020/21 tax year, raising a total of £14.3bn from £10.06bn (2019/20) on just 323,000 taxpayers, latest figures reveal. The average bill was therefore a staggering £44,272 at a rate of tax of just under 18%.  Shaun Moore, tax and financial planning expert at Quilter said: "Three things are driving this. Firstly, as the government has pointed out, there were murmurings of CGT rates being brought in line with income tax rates, making it much more appealing to dispose of assets ahead of any change.  "Clearly this r...

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