Chancellor Sunak orders review of capital gains tax

'feels like the starting pistol for a tax grab'

Lauren Mason
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Chancellor Rishi Sunak. Credit: MHCLG
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Chancellor Rishi Sunak. Credit: MHCLG

Chancellor Rishi Sunak has requested a review of Capital Gains Tax (CGT) rules from the Office for Tax Simplification (OTS), prompting concerns from investors that there could be a “tax raid” to help offset the public expenditure accumulated during the coronavirus pandemic.

The OTS has published an online survey and a "call for evidence" to seek views regarding CGT. According to the UK Government's website, it wants to "hear directly from individuals and businesses" as well...

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