Capital gains tax (CGT) receipts were £10.3bn in January, latest figures have showed.
This takes the year-to-date total to £12.1bn, compared to £12.1bn last year and £14.4bn in 2022/23 – the all-time high. This has been said to likely due to lots of people triggering gains ahead of the Autumn Budget. Utmost Wealth Solutions global wealth specialist Marc Acheson said this highlights another fiscal revenue stream that is "delivering record sums" to the Treasury. He said: "The surge in CGT receipts was likely driven by lots of people triggering gains ahead of the Autumn Budget. "The increase in CGT rates and reduction of the lifetime limits for investors' relief an...
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