What could happen to CGT and how likely is a huge revamp?
The Chancellor has ordered a ‘review’ of capital gains tax, signalling a future raid on the wealthiest taxpayers to help pay the gigantic bill for combating Covid-19. Rishi Sunak’s brief to the Government’s tax gurus includes looking at whether the levy on asset sales is ‘fit for purpose’, ways it can ‘distort behaviour’, and the … Read more