CGT 'tax raid on horizon' as Chancellor fights escalating deficit

OTS package of reforms published

Racheal Griffin: "Change to CGT will be on the cards as the Chancellor looks to counteract the escalating deficit caused by the pandemic."
Racheal Griffin: "Change to CGT will be on the cards as the Chancellor looks to counteract the escalating deficit caused by the pandemic."
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The Office for Tax Simplification (OTS) has proposed a number of reforms to capital gains tax (CGT) in a hastily produced report, fuelling speculation that the Chancellor is set to make significant changes.

Quilter tax and financial planning expert Racheal Griffin said it was unusual for the government to produce "chunky reports at speed" unless there was a real requirement. The OTS itself acknowledged the...

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