Capital gains tax (CGT) receipts hit £13.2bn in January, the highest figure on record, latest statistics from HM Revenue & Customs (HMRC) show.
Tax take from CGT increased 24% compared to January 2022, according to platform AJ Bell. It pointed out the rise could be due to investors looking to lock in gains before CGT rules are tightened in April, as announced in the previous Budget. Head of personal finance Laura Suter said: "Typically, CGT receipts peak in the first three months of the year, as people use up their allowances and cash in gains before the end of the tax year. However, this year is shaping up to be a bumper tax-year end as people are wary of the cut to allowances in April and are also fearful of a further crunch o...
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