CGT revenues up 23% since 2008

Data obtained by UHY Hacker Young from HM Revenue & Customs (HMRC) under the Freedom of Information Act shows CGT investigations raked in £73.6m in 2009/10, up from £59.7m in 2007/8. The yield achieved per CGT investigation has also soared, up 79% from £6,000 in 2007/8 to £10,800 in 2009/10. This is despite the number of enquiries into CGT falling 31% from 9,900 in 2007/8 to 6,800 in 2009/10. UHY Hacker Young says its findings are surprising as the amount of CGT HMRC calculates is payable has more than halved (-53%) over the same period. CGT revenue fell from £5.3bn in 2007/8 to...