Chancellor urged to make CGT and IHT changes to address £22bn fiscal hole

Think tank the Resolution Foundation made the recommendations

Linus Uhlig
clock • 3 min read

The Resolution Foundation has urged chancellor Rachel Reeves to implement a series of reforms to inheritance tax (IHT), capital gains tax (CGT) and National Insurance on employers’ pension contributions, as she works to address the £22bn fiscal deficit in the upcoming Autumn Budget.

In its Revenue and reform report released today (10 September), the think tank said its three proposed reforms could raise more than £20bn while still meeting the ‘triple tax test' of increasing tax system efficiency, not breaching manifesto commitments and allowing those with the "broadest shoulders" to take the most significant hit.  CGT in particular "should be a key focus" for the chancellor, according to the Resolution Foundation, by aligning marginal CGT rates for shares with dividend tax rates, as well as taxing capital gains from property like wages.  "In addition, there shoul...

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 sends crypto IHT 'nudge' letters to advisers

HMRC sends crypto IHT 'nudge' letters to advisers

Reminded to include cryptoassets in IHT returns

clock 03 February 2026 • 3 min read
The time is now to prepare for IHT tax shifts in 2027

The time is now to prepare for IHT tax shifts in 2027

'The introduction of IHT on pensions represents a fundamental shift in wealth transfer planning'

James Floyd
clock 03 February 2026 • 4 min read
Clients moving overseas? Everything advisers need to consider

Clients moving overseas? Everything advisers need to consider

Robust cross-border planning essential

Daivd Morley
clock 30 January 2026 • 4 min read