Clegg "considering" CGT taper rule

Laura Miller
clock

Deputy PM Nick Clegg has said a taper rule for capital gains tax (CGT) is one of the plans currently being "considered" by the coalition Government.

He made the statement on BBC Radio Four this morning, after days of turmoil on an issue which has split voters and politicians alike. Plans to raise CGT to the level of income tax, which could double the levy for some high earners, was a cornerstone of the Lib Dem manifesto in order to pay for a raise in the income tax threshold to £10,100. But this morning, Clegg said the coalition is thinking about putting in place a taper rule for any hike. "It is impossible to start picking off whether you believe in tapering, in whether you believe in indexation - so you don't tax the increa...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax Planning

HMRC continues to see raft of pension tax overpayment claims

HMRC continues to see raft of pension tax overpayment claims

Claim numbers hit 12,767 in second quarter

Isabel Baxter
clock 30 July 2025 • 2 min read
Economists pen open letter calling for a UK wealth tax

Economists pen open letter calling for a UK wealth tax

‘A progressive wealth tax is a critical step forward’

Isabel Baxter
clock 29 July 2025 • 3 min read
TISA and industry urge government to rethink IHT on pensions

TISA and industry urge government to rethink IHT on pensions

Research proposes simpler alternatives

Isabel Baxter
clock 14 July 2025 • 5 min read