What an Andy Burnham government could mean for tax

In this latest episode of Professional Adviser TV, Ranahan explored the prospect of a wealth tax under Burnham's leadership and the long mooted equalisation of capital gains tax and income tax rates. Ranahan argued in the conversation that any wealth tax is more likely to serve as political cover for broader revenue-raising measures such as income tax or VAT hikes, given the limited long term yield from wealth taxes observed in the UK and overseas. For advisers, he outlined the areas where advisers should be alert: potential CGT rate rises, ongoing pressure on dividend and savings all...