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

Tony Müdd: The chancellor has fewer choices than you think

Tony Müdd: The chancellor has fewer choices than you think

'Do not sell an asset simply because newspapers have rediscovered CGT'

Tony Müdd
clock 03 September 2026 • 5 min read
Warnings of tight timetable as HMRC sets out pension IHT process

Warnings of tight timetable as HMRC sets out pension IHT process

‘A very short timescale for such a significant change’

Isabel Baxter
clock 01 September 2026 • 4 min read
News editor's view: The IHT effect

News editor's view: The IHT effect

The news editor's Friday Night Takeaway from 28 August

Isabel Baxter
clock 28 August 2026 • 3 min read