Article Preview: Investors, entrepreneurs and buy-to-let landlords face substantially higher rates of capital gains tax if the government accepts new recommendations for reform of the system.The reforms, proposed by The Institute for Public Policy Research, would result in a hike in the rates of capital gains tax, all to make the UK’s tax system fairer while increasing revenue to the Treasury. The think tank made its proposals in a report called Just Tax. It estimated the government could raise an additional £90bn in capital gains tax over the next five years by making one simple change; taxing capital gains at the same rate as income.
Capital gains tax proposal unnerves investors
This 511 word blog discusses the proposals by The Institute for Public Policy Research, to reform capital gains tax and what it means for investors. Witten on 11th September 2019.
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