Investors on 'high alert' as OTS proposals could triple population subject to CGT

Current GTS rates may double in line with income taxation

Mike Sheen
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Chancellor Rishi Sunak ordered the review into CGT in July. Photo: Andrew Parsons/Number 10/Flickr CC BY-NC-ND 2.0
Image:

Chancellor Rishi Sunak ordered the review into CGT in July. Photo: Andrew Parsons/Number 10/Flickr CC BY-NC-ND 2.0

Office for Tax Simplification (OTS) proposals published this week could see the number of UK tax payers subject to capital gains tax (CGT) triple, according to tax experts, who warn investors should be on "high alert" over the controversial plans.

The OTS plans could raise around £14bn for the public purse by cutting exemptions and doubling rates, with the government-run body arguing that the current system can "distort behaviour" as taxpayers look...

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