Series - Capital gains tax
Following the budget, and as we wait for the latest announcements on capital gains tax (CGT) by the Treasury on Tax Day, we thought that it was a good time to remind ourselves of how this tax has evolved. Introduction in the 1960s CGT was first introduced by Labour Chancellor James Callaghan in 1965. It […]
The Office of Tax Simplification (OTS) has published the first report of their review of capital gains tax (CGT). It focuses on the policy design and principles underpinning CGT. The final report, which will follow early next year, will explore key technical and administrative issues. Both reports are based on findings from the OTS’s analysis […]
Yesterday, the Chancellor announced that he has commissioned the Office of Tax Simplification (OTS) to conduct a review of capital gains tax (CGT). The move is being seen as a clear sign that CGT is likely to be one of the taxes that the government will seek to help fill the hole left in public […]
