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Sunak may target Capital Gains Tax

Sunak may target Capital Gains Tax

The Chancellor could target Capital Gains Tax in his upcoming Budget, experts have warned. Rishi Sunak has been charged with restoring Britain's finances amid COVID-19, and mitigating the cost of the pandemic. Tax changes have been feared as a way to raise funds, but Capital Gains Tax (CGT) is one levy which has garnered significant attention. Healthy Investment, a mutually owned provider of savings and investments, believes CGT could be high up on Mr Sunak's list in the Budget. “Capital Gains Tax is generally seen as a tax on moving money around, rather than on production or consumption, so it could be a soft target,” said Peter Green, chief executive.

Read more: Daily Express


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