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Capital Gains Tax

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Concerned constituents — including basic rate taxpayers, pensioners and private residential landlords — have written to me about the Government’s proposed changes to Capital Gains Tax (CGT). In this post, I will set out details of the tax, the proposal, the arguments and my position. I conclude that the way to raise CGT revenues is to reduce the rate, ideally to under 10%. CGT and the proposals Via HMRC, “Capital Gains Tax is a tax on the profit or gain […]

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