HMRC collects £136m in capital gains tax probes

Research by accountants UHY Hacker Young found the capital gains revenue brought by HMRC probes in 2013/14 was up 24% on the £110m collected in the year before. CGT is a tax on the profit made from the sale of assets that have increased in value - it is payable on second properties, shares, and businesses. The majority of the additional tax collected is thought to have come from property transactions, as HMRC has increasingly targeted buy-to-let investors, many of whom lack the experience of applying CGT properly, UHY suggested. The firm said HMRC has become "much more aggressive" ...