IFES Evaluates Potential Capital Gains Tax Rate Increases in UK
1 report, 1 independent
Updated Sep 22
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What happened
The Institute for Fiscal Studies is evaluating a proposal concerning potential changes to the capital gains tax (CGT) structure in the UK. The proposal, reportedly from Dale Vince, suggests bringing CGT rates in line with income tax rates, potentially raising them as high as 45pc.
From aol.com
Why it matters
The potential increase would be intended to fund a £20bn handout for the lowest earners, relying on £14bn from CGT receipts. Helen Miller, director of IFES, noted that the prospect of raising £14bn was highly uncertain and would depend on the exact nature of the reform.
From aol.com
Who's involved
- Institute for Fiscal StudiesUK research institute evaluating fiscal policy proposals
- governmentThe governing body whose fiscal policy is under review