Labour capital gains tax raid blows £23bn hole in public purse

Reeves' 'ridiculous' capital gains tax raid to backfire leaving £23bn hole

The Government's official financial watchdog is forecasting revenues from the tax will be down every year over a six-year period.

Labour capital gains tax raid blows £23bn hole in public purse

Rachel Reeves’s decision to raise rates dramatically backfires as investors sell up

Rachel Reeves faces £23 billion capital gains tax “black hole” – will she be forced to look elsewhere?

The fiscal watchdog has downgraded its forecast for capital gains tax revenues, leaving chancellor Rachel Reeves with £23 billion less than previously expected.

Chancellor faces £23 billion capital gains tax black hole - IFA Magazine

The Office for Budget Responsibility (OBR) has reduced its capital gains tax (CGT) forecasts to the tune of £23 billion This indicates that the government has underestimated the behavioural impact of tax hikes in the October Budget Could the CGT uplift on death be a target for the chancellor to get disposals moving? Charlene Young, senior pensions and savings expert at AJ Bell, says: “Just five months after tax rises announced in the October Bud…

Prime Minister Mark Carney axes capital gains tax hike

Prime Minister Mark Carney said his government will cancel the proposal to hike the capital gains tax.

Chancellor faces £23 billion capital gains tax black hole